Closing Bell: Uchumi Rebounds To Close Above Rights Issue Price
Uchumi Supermarkets Limited (UCHM) was the top gainer at the Nairobi Securities Exchange (NSE). It ended the day at KES 9.20, up 9.52% from yesterday’s close of KES 8.40. This was 20 cents higher than its rights issue price of KES…
Friday’s Morning Brief – Nov 14
Treasury aims to raise KES 15bn with reopening of 15-year paper The National Treasury is seeking to raise KES 15 billion in a 15-year bond sale. The fixed-income paper, which offers 10.25% as interest payable twice a year, closes next Tuesday, November 18. The Treasury has avoided offering such long-dated securities to…
Closing Bell: Kenya Airways Is NSE Top Loser After Results Announcement
Kenya Airways Limited (KQ) was the top loser at the Nairobi Securities Exchange (NSE) based on its closing price . It shed 15.34% to KES 8.00 from yesterday’s close of KES 9.45. This was after it announced an…
Thursday’s Morning Brief – Nov 13
Tullow moves to appease locals with car lease contracts British exploration firm Tullow Oil has stepped up efforts to ease tension between the company and Turkana residents with the award of KES 225 million car-lease contracts to 36 local companies. Protests by locals demanding more jobs and business opportunities at the…
Closing Bell: Kakuzi Ends The Day As NSE Top Gainer
At 3.10 pm today when the Nairobi Securities Exchange (NSE) closed, Kakuzi Limited (KUKZ) was the top gainer. It rose 7.69% to KES 210.00 compared to its previous close of KES 195.00. Since the beginning of the year the…
Wednesday’s Morning Brief – Nov 12
Read on for important business news in Kenya today. Porsche pulls ahead of Mercedes in sales Sales of new Porsche vehicles have exceeded those of Mercedes in the first five months of its presence in Nairobi, marking a strong start to the luxury car maker’s local dealership. Data by the…
Closing Bell: Marshalls East Africa Ends Day As NSE Top Gainer
At 3.10 pm today when the Nairobi Securities Exchange (NSE) closed, Marshalls East Africa Limited (MASH) was the top gainer. The motor vehicle seller rose 8.70% to KES 10.00 compared to yesterday’s close of KES 9.20. While newly listed…
Rising Insecurity Must Be Addressed Yesterday – The Economy Is At Risk
It is not in doubt that security and prosperity go hand in hand. Economic development and vision 2030 will not be achieved if the the security situation in Kenya is wanting. Mzalendo writes: The rising insecurity in the country has to be handled with the…
Tuesday’s Morning Brief – Nov 11
Good morning, read on for important business news in Kenya. Kenya’s Imports From the U.S. Triple Data from the Kenya National Bureau of Statistics show Kenya has bought goods worth KES 120.41 billion from the US over the period, compared to KES 42.85 billion last year, a 181% growth. India sold goods worth…
NSE Closing Bell: Kenol Kobil Among Top Gainers While Newly Listed Flame Tree Continues Decline
At 3.10 pm today when the Nairobi Securities Exchange (NSE) closed, KenolKobil Limited (KENO) was among the top gainers. The oil marketer rose 6.63% to KES 8.85 compared to Friday’s close of KES 8.30. While newly listed Flame…
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