Bamburi profit jump bucks rival firms trend
Bamburi profit jump bucks rival firms trend Cement maker Bamburi has reported a 50.4 per cent jump in net profit to Sh5.8 billion for the year ended December, in a sharp contrast to the fortunes of its NSE-listed rivals ARM Cement and EAPCC which are in…
Closing Bell: TPS Eastern Africa Limited (Serena Hotels) Top Gainer as ARM Cement Limited Declines
TPS Eastern Africa Limited (Serena Hotels) Top Gainer as ARM Cement Limited Declines TPS Eastern Africa Limited (Serena Hotels) (TPSE) was the top gainer of the day. It gained 9.09% to close at KES 27.00 which was a KES 2.25 gain in share price. ARM Cement Limited (ARM) was the…
NSE-listed firms to reveal reasons for exit of board members in new code
NSE-listed firms to reveal reasons for exit of board members in new code Companies listed on the Nairobi bourse will now have to disclose the reasons behind the exit of their board members and top managers such as chief executives and chief finance officers, as per…
Closing Bell: Liberty Kenya Holdings Limited Top Gainer as Longhorn Publishers Limited Declines
Liberty Kenya Holdings Limited Top Gainer as Longhorn Publishers Limited Declines Liberty Kenya Holdings Limited (CFCI) was the top gainer of the day. It gained 6.58% to close at KES 17.00 which was a KES 1.05 gain in share price. Longhorn Publishers Limited (LKL) was the top loser of the…
Equity Bank reports drop in staff costs as 660 workers exit
Equity Bank reports drop in staff costs as 660 workers exit Equity Bank staff numbers declined by 660 last year in what the lender attributed to natural attrition, pointing to a gloomy job market in the financial sector. Equity Bank reported a four-per cent decline in…
Closing Bell: Home Afrika Ltd Top Gainer as Uchumi Supermarket Limited Declines
Home Afrika Ltd Top Gainer as Uchumi Supermarket Limited Declines Home Afrika Ltd (HAFR) was the top gainer of the day. It gained 8.33% to close at KES 1.95 which was a KES 0.15 gain in share price. Uchumi Supermarket Limited (UCHM) was the top loser of the day. It…
KQ projects Sh8.4bn savings from sale of B777s
KQ projects Sh8.4bn savings from sale of B777s National carrier Kenya Airways (KQ) estimates that it could make operational cost savings of more than Sh8.4 billion annually from the sale or sub-leasing of its Boeing 777 planes. KQ has recently been cutting capacity on long flights,…
Closing Bell: Williamson Tea Kenya Limited Top Gainer as Express Kenya Limited Declines
Williamson Tea Kenya Limited Top Gainer as Express Kenya Limited Declines Williamson Tea Kenya Limited (WTK) was the top gainer of the day. It gained 9.34% to close at KES 199.00 which was a KES 17.00 gain in share price. Express Kenya Limited (XPRS) was the top loser of the…
CBK to unveil new loan pricing instrument
CBK to unveil new loan pricing instrument The Central Bank of Kenya will unveil a pricing mechanism that allows borrowers to compare different bank loan costs on standardised parameters, rather than on interest rates alone. The Annual Percentage Rate (APR) pricing model will further allow consumers…
Closing Bell: Sameer Africa Limited Top Gainer as TPS Eastern Africa Limited (Serena Hotels) Declines
Sameer Africa Limited Top Gainer as TPS Eastern Africa Limited (Serena Hotels) Declines Sameer Africa Limited (FIRE) was the top gainer of the day. It gained 8.45% to close at KES 3.85 which was a KES 0.30 gain in share price. TPS Eastern Africa Limited (Serena Hotels) (TPSE) was the…
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