Oct 01, 2014
NSE Kenya close Oct 1 Closing Bell: Longhorn Kenya Top Gainer At The NSE

The winners Longhorn Kenya‘s price appreciated 9.8% today. At the close of trading, its share was fetching KES 28.00. This is the third day since Monday that the publisher’s share has ended the day among the top five gainers. Other shares that rose in value were Kenya Orchards, Olympia Capital Holdings and CIC Insurance, up 9.59%, 9.4%,Read more

NSE picks acting CEO Nairobi Securities Exchange Picks Acting CEO

The Board of Directors of the Nairobi Securities  Exchange has appointed Mr. Andrew Wachira as the Acting Chief Executive of the Exchange effective today. This follows the exit of Mr. Peter Mwangi as the Chief Executive on September  30, 2014. Mr Mwangi will be heading to Old Mutual Kenya to serve as the CEO. Prior to joining theRead more

Kenya Rwanda call roaming rates lowered Kenya-Rwanda Roaming Rates Lowered In East African Integration Effort

Safaricom has announced that it is set to lower the cost of calls and roaming rates between Kenya and Rwanda. The new rates take effect from today. The move which comes ahead of the East African Community (EAC) Heads of State initiative dubbed “One Network” set to officially launch in 2015, will see the roamingRead more

NSE Kenya morning Oct 1 Morning Bell: Longhorn Kenya Limited Top Gainer At The NSE

An update on how companies listed on the Nairobi Securities Exchange (NSE) have performed this morning The winners As at 10.45 am today, Longhorn Kenya had appreciated the most in value. The book publisher was up 9.8% from yesterday’s closing price to trade at KES 28.00. Other top gainers were Olympia Capital Holdings, Liberty KenyaRead more

business kenya today 5 Things You Should Know This Morning – Oct 1

Economy expands by 25% placing Kenya in the club of Africa’s top 10 Kenya has climbed up the wealth rankings to become Africa’s ninth-largest economy following a review of national output figures that also saw the country join the world’s league of middle-income nations. Fresh national statistics unveiled yesterday show that Kenya’s gross domestic product (GDP)Read more

nse Kenya today Sep 30 Closing Bell: Eveready Nearly Doubles At The NSE

The winners Eveready East Africa continued with its morning trend to end the day as the top gainer with a rise of 78%. Investors reacted positively to news that the battery maker was closing its Nakuru factory in a bid to cut costs. The firm intends to venture into real estate by developing structures forRead more

Kenya Capital Markets CEO Paul Muthaura Boost To Kenya’s International Finance Aspirations As The CMA CEO Is Elected To IOSCO Board

Kenya’s aspiration  for Nairobi to become an International Financial Centre received a major boost when Mr. Paul Muthaura, the acting CEO of the Capital Markets Authority (CMA), was elected to the Board of the International Organization of Securities Commissions (IOSCO). This will contribute to the global visibility of the Kenyan capital markets. It comes after the CMA in its 10Read more

NSE Kenya morning Sep 30 NSE Morning Bell: Eveready Up Over 50% After Announcing Factory Closure

The winners As at 11.04 am today Eveready East Africa was up 62.5% from yesterday’s closing price. The battery maker on Monday announced the closure of its Nakuru factory. Instead it will be sourcing its batteries at a lesser cost  from its affiliate Energizer Egypt. Eveready also intends to venture into real estate. The second top gainer this morning is Longhorn KenyaRead more

Taxes Kenya 6 Peculiar Taxes You Should Read About

On the 15th of September this year president Uhuru Kenyatta assented to the bill that re-introduced capital gains taxes in Kenya. There have been various debates on the pros and cons of the tax. Regardless of where you side in the debate, you will agree that the proposed capital gains tax sounds far more logicalRead more

business kenya today 5 Things You Should Know This Morning – Sep 30

Kenyan shilling weakens, Centum leads stocks higher The Kenyan shilling weakened on Monday due to increased importer demand for dollars, while stocks closed higher lifted by investment firms. At close of trade at 1300 GMT, commercial banks quoted the shilling at 89.30/40 to the dollar, compared with Friday’s close of 89.10/20. On the Nairobi Securities Exchange,Read more