Tuesday, 02 September 2014
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INDICE DATE VALUE 1M 3M YTD 1Y 2Y
LuSE All Share Index 2014-07-31 6,134.17 2.05% 2.49% 15.74% 29.13% 60.19%
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STOCK MARKETS

Kenyan grower Kakuzi half-year profit slumps 32%

August 27, 2014 Nairobi Securities Exchange
Kenyan agricultural firm Kakuzi on Wednesday posted a 32-percent fall in pretax profit for the six months ended June to 76 million shillings ($860,700), mainly due to lower earnings from tea.

Kenya's Standard Group profit down 8% in the first half

August 27, 2014 Nairobi Securities Exchange
Kenyan media firm Standard Group on Monday posted an 8-percent drop in pretax mid-year profit to 205 million shillings ($2.32 million).

Nairobi Securities Exchange's first-half profit falls

August 27, 2014 Nairobi Securities Exchange
Kenya's Nairobi Securities Exchange (NSE), which is listing its shares next month, posted a 29 percent year-on-year fall in its pretax profit for the first half to 158.2 million shillings($1.78 million).

Kenyan insurer Jubilee's mid-year pretax profit up 35%

August 27, 2014 Nairobi Securities Exchange
Kenyan insurer Jubilee Holdings increased its profit before tax 35 percent to 1.54 billion shillings ($17.4 million) in the first six months of this year, it said on Tuesday.

Moody's downgrades South Africa's four biggest banks

August 21, 2014 Johannesburg Stock Exchange
Ratings agency Moody's downgraded South Africa's four biggest banks on Tuesday and put them on review for further cuts, saying there was a lower likelihood of support from the central bank to protect creditors after African Bank's debt crisis.

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.

BUSINESS

Cameroon robusta coffee exports rise to 14,094 tonnes by end July

August 27, 2014 Cameroon
Robusta coffee exports from Cameroon rose to 14,094 tonnes by end-July since the start of the 2013/14 season on December 1, versus 12,495 tonnes for the same period of the previous season, data from the National Cocoa and Coffee Board (NCCB) showed.

Kenya's debut Eurobond pushes debt to 57% of GDP

August 27, 2014 Kenya
Kenya's debut $2 billion Eurobond pushed its total public debt to 57 percent of gross domestic product (GDP) at the end of June, up from 51.7 percent a year earlier, the Treasury said.

Zimbabwe launches asset manager to buy bank bad debts

August 27, 2014 Zimbabwe
Zimbabwe has set up an asset management company to buy non-performing loans from banks, the central bank governor said on Tuesday, a move designed to restore stability to a sector stung by rising bad debts.

Ghana company launches country's first 4G data network

August 21, 2014 Ghana
Ghana company Surfline Communications launched the country's first 4G data network on Tuesday in partnership with French technology company Alcatel-Lucent, making Ghana the sixth nation in sub-Saharan Africa to get the high speed service.

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.

NEWSLETTER