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Wednesday, December 11, 2019

Foreign buyers target Britam as locals buy into Safaricom billion shillings profits

Investment firm Britam Holdings (BRIT Sh15.80) gained the most in yesterday’s trading and moved the largest amount of shares pulling through 41.1 million shares with a 6.8 bump in share price. According to Standard Investment...

Markets punish Centum as bourse value dips

The market on Friday was shaken by Centum’s surprise profit warning which saw its share dip 6 percent to a one year low from Sh40.25 to Sh37.75. Another surprising counter was Stanbic Bank which picked up trading...
Express Kenya

Express Kenya set to exit NSE in July

Express Kenya may be out of the bourse by July 17 its shareholders agreed to delist it and offer controlling stake to CEO Hector Diniz. The logistics firms which wanted to invest into real estate after a...

No African banks in the top world lenders

There was not a single African lender in the world’s top 100 banks list released by S&P in what is telling of the continent whose countries have seen a rise in the annual issues...

Insurance companies given four years to adopt IFRS 9

Insurance companies have up to 2021 to adopt IFRS 9 after the market regulators met insurance players and auditors and agreed that they needed sufficient data to implement it. The Capital Markets Authority (CMA) in...

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