Wednesday, 20 August 2014
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LuSE All Share Index 2014-07-31 6,134.17 2.05% 2.49% 15.74% 29.13% 60.19%


StanChart Kenya H1 profit buoyed by higher lending

August 18, 2014 Nairobi Securities Exchange
Standard Chartered Kenya posted a 23.6 percent rise in first-half pretax profit year on year thanks to higher net interest income, in line with rival banks that have also benefited from steady interest rates and economic growth.

Kenya's Diamond Trust Bank profit jumps 17% on higher lending

August 18, 2014 Nairobi Securities Exchange
Kenya's Diamond Trust Bank increased first-half pretax profit by 17 percent year-on-year, helped by growth in net interest income and fees, it said on Thursday.

Kenya's CIC Insurance says H1 profit up 67% as premiums rise

August 18, 2014 Nairobi Securities Exchange
Kenya's CIC Insurance posted a 67 percent rise in pretax profit for the first half of this year to 154 million shillings ($1.75 million) due to an expansion in new premiums and investment income.

Uganda's Umeme profit falls on higher repair costs

August 18, 2014 Uganda Securities Exchange
Ugandan power distributor Umeme Ltd said on Monday its pretax profit fell 19 percent in the first six months of the year, due to a surge in repair costs and foreign exchange losses.

Kenya's NIC Bank gets approval for bond issue

August 12, 2014 Nairobi Securities Exchange
Kenya's NIC Bank said on Tuesday it had received regulatory approval to issue 8 billion shillings ($91.06 million) worth of bonds to fund its expansion plans.

Kenya's CFC Stanbic posts 34% rise in first-half profit

August 12, 2014 Nairobi Securities Exchange
Kenyan financial group CFC Stanbic Holdings Ltd. posted a 34 percent rise in pretax profit to 4.3 billion shillings ($49 million) for the first six months of the year, citing a jump in net interest income.


Gabon signs offshore oil contracts with six companies

August 12, 2014 Gabon
Gabon's oil ministry said on Friday it had signed seven oil contracts with six companies as part of an offshore licensing round expected to attract at least $1.1 billion in investment to the sector.

Kenya inflation rises to 7.67% in year to July

July 31, 2014 Kenya
Kenya's inflation crept up to 7.67 percent in the year to July from 7.39 percent in the previous month, the statistics office said on Thursday.

Seychelles Securities Exchange Launches Listed Derivatives Market

July 30, 2014 Seychelles
Trop-X, the Seychelles Securities Exchange, has launched its new Derivatives Market with 115 listed derivatives on major currency pairs, international equities, international equity indices and spot commodities all of which are available through the…

Bank of Ghana reverses ban on direct dollar imports by local banks

July 29, 2014 Ghana
Ghana’s central bank has reversed its ban on commercial banks importing dollars directly in a bid to increase the supply of foreign currency and support the cedi, central bank Governor Henry Kofi Wampah said on Tuesday.

Africa e-commerce firm expands to new markets

July 29, 2014 Africa
Online retailer Jumia, a would-be African Amazon set up by German venture capital firm Rocket Internet, is expanding into three new markets - Uganda, Ghana and Cameroon, the company said on Monday.

IMF agrees on $5 billion credit line for Morocco

July 29, 2014 Morocco
The International Monetary Fund said on Monday it will provide Morocco a $5 billion credit line to help the North African country pursue a reform agenda to achieve rapid and more inclusive economic growth.