Morgan Stanley Capital International (MSCI), an international firm that provides investment data and analytics services to investors, has promoted KCB Group to the MSCI frontier markets index, increasing the stock’s visibility to global investors.

CIC Insurance Group has maintained a Sh0.13 per share dividend amounting to Sh340 million after posting a record Sh1.44 billion net profit for the financial year ended December 2023.

East African Cables could raise only Ksh31.29 million ($234,713) from the sale of its stake in the Tanzania subsidiary after the investment was impaired by over Ksh83 million ($628,426) last year, due to persistent loss-making, the company says in its financial report.

TPS Eastern Africa, the operator of Serena Hotels, has posted a Sh870.87 million net profit for the financial year ended December 2023, marking a 2.3 times jump from the previous year on increased business.