Bamburi earns Sh1bn from cement supplies to rail contractor
Bamburi earns Sh1bn from cement supplies to rail contractor Bamburi Cement says it has earned Sh1 billion from supply of cement to the standard gauge railway (SGR) contractor, making it one of the biggest gainers from the ongoing construction of the Mombasa-Nairobi line. Bamburi is among…
CFC Stanbic, BOC Kenya chief executives resign
CFC Stanbic, BOC Kenya chief executives resign The CEOs of Nairobi Securities Exchange-listed firms CfC Stanbic Holdings and BOC Kenya Ltd have resigned, leaving their firms with the task of hiring their replacements. CfC’s chief executive Kitili Mbathi resigned Friday and has been…
Closing Bell: Pan Africa Insurance Company Ltd Top Gainer as Limuru Tea Company Limited Declines
Pan Africa Insurance Company Ltd Top Gainer as Limuru Tea Company Limited Declines Pan Africa Insurance Company Ltd (PAFR) was the top gainer of the day. It gained 7.27% to close at KES 59.00 which was a KES 4.00 gain in share price. Limuru Tea Company Limited (LIMT) was the…
EABL half-year profit hits Sh7.7bn on land, bottle plant sale
EABL half-year profit hits Sh7.7bn on land, bottle plant sale The sale of land and a glass bottle manufacturing subsidiary has boosted East African Breweries Limited’s half-year net profit by over two-thirds to Sh7.7 billion, making up for currency losses at its South Sudan business. EABL’s…
Closing Bell: I&M Holdings Ltd Top Gainer as Kapchorua Tea Company Ltd Declines
I&M Holdings Ltd Top Gainer as Kapchorua Tea Company Ltd Declines I&M Holdings Ltd (I&M) was the top gainer of the day. It gained 9.09% to close at KES 108.00 which was a KES 9.00 gain in share price. Kapchorua Tea Company Ltd (KAPC) was the top loser of the…
NSE brings six banks on board ahead of derivatives market launch
NSE brings six banks on board ahead of derivatives market launch The Nairobi Securities Exchange (NSE) has signed up six commercial banks to act as clearing members ahead of the upcoming trade in derivatives. NSE said the banks have been brought on to handle the Central…
Closing Bell: Williamson Tea Kenya Limited Top Gainer as Kapchorua Tea Company Ltd Declines
Williamson Tea Kenya Limited Top Gainer as Kapchorua Tea Company Ltd Declines Williamson Tea Kenya Limited (WTK) was the top gainer of the day. It gained 8.82% to close at KES 185.00 which was a KES 15.00 gain in share price. Kapchorua Tea Company Ltd (KAPC) was the top loser…
Equity scales up security for its online, phone banking
Equity scales up security for its online, phone banking Equity Bank has entered into an agreement with a South Africa-based authentication firm, Entersekt, to strengthen security of its online and mobile phone based services as it seeks to deepen its presence in digital banking. Equity Bank…
Closing Bell: East African Cables Limited Top Gainer as Sasini Ltd Declines
East African Cables Limited Top Gainer as Sasini Ltd Declines East African Cables Limited (CABL) was the top gainer of the day. It gained 9.39% to close at KES 9.90 which was a KES 0.85 gain in share price. Sasini Ltd (SASN) was the top loser of the day. It…
KQ says it’s yet to receive pilots’ go-slow notice as 7-day quit ultimatum looms
KQ says it’s yet to receive pilots’ go-slow notice as 7-day quit ultimatum looms The pilots on January 20 gave KQ’s chief executive and directors a week to quit failure to which they would commence unspecified action. KQ’s chief executive officer Mbuvi Ngunze on Monday said…
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