Market Updates

Kenya Shilling in focus

Interbank rates bottomed at 15% in the past week defying the Central Bank’s continued open market operations “OMO”. In the week ending 20th January, the bank mopped up Kshs.13.30bn through the repo market and a further Kshs.0.90bn through its sale of forex in the interbank front. As a result, the Kenya Shilling gained marginal grounds against a basket of its global peers; the local unit returned a 1.49%w/w perfomance against the US dollar. In the coming week, we expect Monday’s[...Read more]

Earnings Reports

Rea Vipingo Plantations FY Results

Rea Vipingo Plantations announced its full year results with operations for the year ended 30th September 2011 earning Kshs.7.79 per share up from Kshs.1.12 it earned in the previous year. For the period, the company’s turnover rose 46.75%y/y at Kshs.2.12bn cup from Kshs.1.44bn in the previous financial year. This growth came off the back better than normal leaf positions which resulted in the production of high volumes of good quality sisal on virtually all of its estates. Consequently, this high[...Read more]

Upcoming Events

KenolKobil Group FY Perfomance release and Investor Briefing 29 Feb 2012