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Lusaka - Zambia: By JOHN CHOLA French oil marketer Rubis Energie has commenced operations in Zambia with an initial plan to invest US$40 million in the economy for the ....
Kenya Said to Plan Compensating Fuel Retailers to Control Prices Bloomberg 2 hrs ago David Herbling (Bloomberg) Kenya is considering a plan to reimburse fuel retailers after slashing their margins in an attempt to control energy prices despite an increase in crude, according to people with knowledge of the matter. Popular Searches The compensation mechanism is still being worked out and a final decision is yet to be made, the two people said, asking not to be identified as the proposal isn’t public yet. They didn’t say how much in payment was under consideration. The Energy and Petroleum Regulatory Authority, which reviews fuel costs monthly, kept prices unchanged at a 31-month high this week even though the landed cost of gasoline increased by 9.3%. Instead, the regulator cut margins by a third to 7.95 shillings ($0.07) per liter of gasoline from the 12.39 shillings that’s usually treated as fixed rate in the pricing formula. ....
SBG Securities profit falls 71pc on lower income Tuesday March 09 2021 Summary Stanbic owned investment bank SBG Securities posted a 71.3 per cent drop in net profit in the year ended December 2020, due to lower advisory fees and brokerage commissions. The market intermediary reported a net profit of Sh34.98 million in the period, down from Sh121.85 million in 2019. Stanbic owned investment bank SBG Securities posted a 71.3 per cent drop in net profit in the year ended December 2020, due to lower advisory fees and brokerage commissions. The market intermediary reported a net profit of Sh34.98 million in the period, down from Sh121.85 million in 2019. ....
THE STANDARD By Frankline Sunday | January 24th 2021 at 09:54:24 GMT +0300 The Nairobi Securities Exchange electronic trading screen (PHOTO: FILE) Investment firm Kestrel Capital East Africa is shutting down its fund management business in a move that will see one of the most prolific names at the Nairobi Securities Exchange bow out. In a Kenya Gazette notice on Friday, the Capital Markets Authority (CMA) said Kestrel Capital had notified it of the decision that would take effect on February 8 unless any objections are raised. “It is notified for general information that the licensee appearing in the schedule hereinafter have notified the Capital Markets Authority of their intention to cease operation of their investment bank activities and the authority has accepted the request for revocation of their license,” said the notice dated December 23, 2020. ....