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Business News
»CarGen 2009 profits dip 13%
29 Jan 10
Car & General sees revenues rise rapidly but its high cost base lowers the group's profit margins.
»Rea Vipingo announces a 11% EPS drop
28 Jan 10
Rea Vipingo seems its profits drop.
»Kenya Re's credit ratings are revised
28 Jan 10
Kenya Reinsurance Corporation recently got a rating from Global Credit Rating Agency of South Africa.
»Safaricom proposes a dividend reinvestment plan (DRIP)
28 Jan 10
Kenya's leading mobile telephone company, Safaricom, proposes an ambitious plan to enable shareholders to covert cash dividends into equity through the country's first dividend reinvestment plan (DRIP).
»TUROVER FOR WILLIAMSON & KAPCHORUA TEA UP 80% & 58%
3 Dec 09
Turnover climbes in the six months ended 30th September 2009. The firms attributed the gain to shortages of tea supply worldwide that have lead to higher prices.
»Kenya Government issues the Second Infrastructure Bond.
16 Nov 09
The Central Bank of Kenya as a fiscal agent for the Republic of Kenya invites bids for the Second Infrastructure Bond. The 12 - year fixed coupon issue is dated November 30, 2009. The earnings from the 18.5 billion bonds will be used to finance Infrastructure Projects in the following areas during the Financial Year 2009-10.
»SAFARICOM OFFERS BOND TRANCHE AT 12.25 PER CENT
8 Oct 09
Mobile phone company Safaricom announced the first tranche of its Sh12 billion bond offer with its pricing designed to beat the comparable listed corporate and treasury bonds.
»KENGEN BOND OFFER EXCEED TARGET
8 Oct 09
Kenyan electricity producer KenGen has received subscriptions worth Sh25.2 billion shillings ($335 million) for its bond offer, meaning the issue has been oversubscribed by at least 68 per cent.
»NATIONAL BANK REPORT 16% INCREASE IN NET PROFITS.
4 Jun 09
NATIONAL BANK DEFEATS THE EFFECTS OF GLOBAL FINANCIAL CRISIS TO REPORT A 16% INCREASE IN NET PROFITS.
»CO -OPERATIVE BANK PROFITS UP BY 38 P.C.
4 Jun 09
The group recently released their 1st quarter results where they reported a 38% increase in the Profits after Tax to kshs.780 million from kshs.564 million as compared to the same period last year.
»TOTAL KENYA TURNOVER DECLINES BY 25%
4 Jun 09
KENYA TURNOVER DECLINES BY 25% IN THE FIRST QUARTER OF 2009.The firm has attributed this drop to the sharp decline in International Crude oil from August 2008
 
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