Bamburi Half-year Net Earnings Nearly Double to KSh 721 Million

[ad_1] Listed firm Bamburi Cement recorded a significant increase in its half-year Net Earnings to KSh 721 Million compared to KSh 393 Million net profit in the same period last year. This is despite the slowdown in the building and construction industry in the first half of 2020 triggered by the coronavirus pandemic. While group… Continue reading Bamburi Half-year Net Earnings Nearly Double to KSh 721 Million

Walmart Partners With Microsoft in TikTok Buy, Eyeing New Ad Revenues

[ad_1] Walmart confirmed that it would join Microsoft to bid for Tiktok’s purchase in a deal that would boost its e-commerce strategy, giving it leverage against Amazon. If the bid succeeds, Walmart will own TikTok stake with Microsoft. A statement from the company says that the Tiktok purchase would grow both its third party market… Continue reading Walmart Partners With Microsoft in TikTok Buy, Eyeing New Ad Revenues

Jubilee Half-year Net Earnings Level at KSh 1.8 Billion

[ad_1] Listed Jubilee Insurance half-year net profits remained flat at KSh 1.8 Billion at the end of the half-year period ended 30th June 2020. The firm’s gross underwritten business declined from KSh 7.7 Billion to KSh 7.5 Billion while its balance sheet grew from KSh 124.3 Billion to KSh 140.1 Billion. Premiums earned from its… Continue reading Jubilee Half-year Net Earnings Level at KSh 1.8 Billion

CBK Collects Ksh189.1 Bn From Domestic Market in August

[ad_1] The Central Bank of Kenya (CBK) has collected Ksh189.1 billion from the domestic market in August through treasury bills and treasury bonds. However, the month saw subdued investor appetite for government securities due to falling yields. Treasury Bonds In the month, CBK floated two treasury bonds seeking to collect Ksh110 billion. Treasury bond FXD2/2018/20… Continue reading CBK Collects Ksh189.1 Bn From Domestic Market in August

CBK raises KSh 10.7 Billion from Weekly T-Bills Auction

[ad_1] The Central Bank of Kenya(CBK) accepted KSh 10.7 Billion out of the KSh 25 Billion worth of Treasury Bills at this week’s Treasury Bills Auction, a subscription rate of 52.33%. The weekly auction received bids worth KShn 12.6 Billion with KSh 5.9 Billion competitive bids and KSh 4.7 Billion in non-competitive bids being accepted.… Continue reading CBK raises KSh 10.7 Billion from Weekly T-Bills Auction

Absa Bank Kenya restructures loans worth KSh 57 Billion

[ad_1] Absa Bank Kenya offered loan relief and restructured loans totalling KSh 57 Billion to financially distressed customers, equivalent to 28 per cent of its loan book. During the six months period ended 30th June 2020, the lender recorded an increase in net loans to customers to KSh 201.9 Billion from KSh 186.7 Billion. Customer… Continue reading Absa Bank Kenya restructures loans worth KSh 57 Billion

Turnover at NSE Inches to KSh 495.2 Million

[ad_1] Turnover at the Nairobi Securities Exchange(NSE) climbed slightly to KSh 495.17 Million at the end of trading on 27th August, 2020. This is on a volume of 20.29 Million shares transacted in 1,084 deals. Safaricom was the biggest mover transacting a volume of 10.41 Million shares followed by Absa (2.24 Million), Nairobi Securities Exchange(… Continue reading Turnover at NSE Inches to KSh 495.2 Million