Oct 30, 2014
business news Kenya morning October 30 by Abacus Today’s Morning Brief- Oct 30

Important business news items to note this morning: Kenya improves on ‘Ease of Doing Business’ Rankings According to the 2015 Ease of Doing Business index released by the World Bank Group earlier today, Kenya has slightly improved its ranking. This year, the World Bank also unveiled a revised ranking methodology. Under the revised methodology, KenyaRead more

Nse kenya stock prices October 29 by Abacus The Closing Bell: Centum And Britam Gain While Total Loses At The NSE

At 3.10 pm today when the Nairobi Securities Exchange (NSE) closed, Centum Investment Company Limited (ICDC) had risen 10.00% from yesterday’s KES  60.00 to KES 66.00. British-American Investments – Britam – (BRIT) gained 9.17% from KES 27.25 to KES 29.75. Total Kenya Limited (TOTL) had fallen 17.37% from yesterday’s KES 12.95 to KES 10.70. “The appreciation in Britam and Centum is mostly due toRead more

business news Kenya morning, October 29 by Abacus Today’s Morning Brief

News items you should note this morning: Suppliers on the spot as KRA re-introduces withholding tax Kenya has re-introduced the withholding value added tax in a move seen as targeted at the thousands of suppliers to government that have evaded the tax since September last year. The Kenya Revenue Authority (KRA) stopped charging withholding VAT inRead more

Nse kenya stock prices October 29 by Abacus Closing Bell: Britam And Centum Among Top Gainers At The NSE

At 3.10 pm today when the Nairobi Securities Exchange (NSE) closed: The winners: British-American Investments -Britam- (BRIT), Centum Investment Company Limited (ICDC), East African Portland Cement Company (PORT), Scangroup Limited (SCAN), and CIC Insurance Limited (CIC) gained the most in share price compared to their ending price yesterday. They closed at KES 28.00,63.00, 68.00, 43.50 and 10.30 respectively.Read more

business news Kenya morning, October 29 by Abacus 5 Things You Should Know This Morning – Oct 28

Kenyan shilling steady; KenGen drags shares lower again The Nairobi Securities Exchange’s main NSE-20 Share Index fell 23.27 points or 0.45% to 5,174.41 points. KenGen, which last week reported a 46% drop in after-tax earnings and slashed its dividend, closed 4.8% lower at KES 10.95 a share. On the foreign exchange market, the shilling closed trade atRead more

480px-Question-mark courtesy of sword-of-the-stars-the-pit.wikia.com Kenya Orchards Share Price Mystery

In the last year, Kenya Orchards (ORCH) share price has gone from Kshs 4.75 to Kshs 175, a 3,500% gain via small trading volumes of about 1,000 per day (The company has 12.8 million shares issued). 100 is the minimum number of shares that can ordinarily be exchanged in a single transaction at the Nairobi Securities Exchange (NSE).Read more

business news Kenya morning, October 29 by Abacus 5 Things You Should Know This Morning – Oct 27

Gov’t To Allow Sugar Importation To End Shortage Speaking during a prayers’ day for standard eight KCPE candidates at Kapsabet highlands school in Nandi County, Agriculture Cabinet Secretary Felix Koskei said that the sugar shortage was caused by the closing down of Mumias Sugar Company and West Kenya sugar factories for maintenance. He added that the government will willRead more

Nse kenya stock prices October 29 by Abacus The Closing Bell: KenGen’s 46% Profit Decline Makes It NSE Top Loser

At 3.10 pm today when the Nairobi Securities Exchange (NSE) closed Kenya Electricity Generating Company -Kengen- (KEGN) had fallen 17.37% from yesterday’s KES  12.95 to KES 10.70. KenGen released its end of year results posting a 45.79% decrease in earnings per share (EPS). The EPS or net profit reduced from KES 2.38 (30th, June 2013) to KES 1.29 (30th, June 2014). Such a drop inRead more

business news Kenya morning, October 29 by Abacus 5 Things You Should Know This Morning – Oct 24

Low cost Kenya made car goes on sale at KES 950,000 A Kenyan-made vehicle that is designated as Africa’s cheapest car has hit the showrooms, bringing to reality the dream of an entrepreneur who designed it four years ago. The car, which trades under the brand name Mobius, entered the showrooms this month at a priceRead more

Nse kenya stock prices October 29 by Abacus The Closing Bell: Kenya Power’s 88% Profit Rise Makes It NSE Top Gainer

At 3.10 pm today when the Nairobi Securities Exchange (NSE) closed The Kenya Power & Lighting Company Limited (KPLC) had risen 13.33%. The power distributor released its end of year results today posting an 88% increase in earnings per share (net profit). Such an improvement in financial performance is always appreciated by investors, who in turn value the companyRead more