KenGen woos investors to tap surplus power The Kenya Electricity Generating Company (KenGen) has disputed claims that its energy expansion plan will result in unutilised surplus. The electricity generator says it will invest in reserve energy from green sources, in anticipation of higher demand from the…

Sasini Ltd Top Gainer as Limuru Tea Company Limited Declines Sasini Ltd (SASN) was the top gainer of the day. It gained 9.29% to close at KES 20.00 which was a KES 1.70 gain in share price. Limuru Tea Company Limited (LIMT) was the top loser of the day. It…

KQ’s bankers ease loan terms as carrier eyes Sh60bn bailout National carrier Kenya Airways’ local bankers have agreed to extend the tenure of their existing short-term loans, giving the airline breathing space to secure a Sh60 billion bailout which the CEO expects to source in six…

Uchumi Supermarket Limited Top Gainer as Sasini Ltd Declines Uchumi Supermarket Limited (UCHM) was the top gainer of the day. It gained 6.76% to close at KES 7.90 which was a KES 0.50 gain in share price. Sasini Ltd (SASN) was the top loser of the day. It had a…

Safaricom’s digital TV decoder sales double after price cut The sales of Safaricom’s Internet-enabled digital TV decoders has doubled after it slashed its pricing by 50 per cent in November. In November Safaricom cut the decoder prices to Sh4,999 from the previous Sh10,000 in a re-launch that…

Unga Group Limited Top Gainer as Kapchorua Tea Company Ltd Declines Unga Group Limited (UNGA) was the top gainer of the day. It gained 7.14% to close at KES 37.50 which was a KES 2.50 gain in share price. Kapchorua Tea Company Ltd (KAPC) was the top loser of the…

Nairobi bourse plans platform for trading in carbon credits Nairobi Securities Exchange (NSE) plans to set up a carbon-tracing board for Kenyan companies with carbon credits to sell to foreign countries and manufacturers. Power generators, petrochemical firms, steel producers, car makers, electro-mechanical firms and airlines from…

Express Kenya Limited Top Gainer as Kapchorua Tea Company Ltd Declines Express Kenya Limited (XPRS) was the top gainer of the day. It gained 10% to close at KES 4.40 which was a KES 0.40 gain in share price. Kapchorua Tea Company Ltd (KAPC) was the top loser of the…

Negative net-worth to stalk KQ investors for 4 years Kenya Airways shareholders are likely to be stuck with a negative net-worth position for the next four years even if the company’s profit position recovers under the restructuring, analysts at Genghis Capital say. KQ is yet to…

East African Cables Limited Top Gainer as Kapchorua Tea Company Ltd Declines East African Cables Limited (CABL) was the top gainer of the day. It gained 9.44% to close at KES 9.85 which was a KES 0.85 gain in share price. Kapchorua Tea Company Ltd (KAPC) was the top loser…