India-based cement giant eyes Sh12.7bn majority ARM stake
India-based cement giant eyes Sh12.7bn majority ARM stake India’s largest cement manufacturer UltraTech Cement is in the race to acquire a controlling stake in Nairobi Securities Exchange-listed ARM Cement, in which it could buy convertible preference shares of up to $125 million (Sh12.7 billion). UltraTech is…
Closing Bell: Olympia Capital Holdings Ltd Top Gainer as Williamson Tea Kenya Limited Declines
Olympia Capital Holdings Ltd Top Gainer as Williamson Tea Kenya Limited Declines Olympia Capital Holdings Ltd (OCH) was the top gainer of the day. It gained 9.52% to close at KES 4.60 which was a KES 0.40 gain in share price. Williamson Tea Kenya Limited (WTK) was the top loser…
Jambojet seeks pilots amid KQ labour case
Jambojet seeks pilots amid KQ labour case Jambojet is seeking new pilots for its fleet, signalling possible expansion plans for the airline even as its parent, Kenya Airways, faces a court case over the mode of employing flight crews. The airline in March sparked a court row with KQ pilots…
Closing Bell: Standard Group Limited Top Gainer as Express Kenya Limited Declines
Standard Group Limited Top Gainer as Express Kenya Limited Declines Standard Group Limited (SGL) was the top gainer of the day. It gained 9.73% to close at KES 31.00 which was a KES 2.75 gain in share price. Express Kenya Limited (XPRS) was the top loser of the day. It…
KCB signs deal with Tuskys for advance pay of suppliers’ bills
KCB signs deal with Tuskys for advance pay of suppliers’ bills Kenya Commercial Bank has signed a financing facility with retailer Tuskys Supermarkets that will see suppliers get payment before their invoices fall due. KCB is the second bank to enter into such a partnership with…
Closing Bell: Express Kenya Limited Top Gainer as Home Afrika Ltd Declines
Express Kenya Limited Top Gainer as Home Afrika Ltd Declines Express Kenya Limited (XPRS) was the top gainer of the day. It gained 10% to close at KES 4.95 which was a KES 0.45 gain in share price. Home Afrika Ltd (HAFR) was once again the top loser of the…
Centum seeks more shares of Coca-Cola bottling firms
Centum seeks more shares of Coca-Cola bottling firms NSE-listed investment company Centum is set to buy more shares in Almasi Beverages, signalling its intention to possibly take full ownership of the holding company of three Coca-Cola bottlers that it owns. Centum has made a limited offer…
Closing Bell: Sameer Africa Limited Top Gainer as Home Afrika Ltd Declines
Sameer Africa Limited Top Gainer as Home Afrika Ltd Declines Sameer Africa Limited (FIRE) 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. Home Afrika Ltd (HAFR) was the top loser of the day. It…
Competition hots up for KQ as Fastjet enters Nairobi
Competition hots up for KQ as Fastjet enters Nairobi Low-cost carrier Fastjet is set to launch Tanzania to Nairobi flights on Monday, stepping up competition for Kenya Airways (KQ) and its associate Precision Air which also fly the same routes. Fastjet has announced daily flights from…
Closing Bell: Kapchorua Tea Company Ltd Top Gainer as Home Afrika Ltd Declines
Kapchorua Tea Company Ltd Top Gainer as Home Afrika Ltd Declines Kapchorua Tea Company Ltd (KAPC) was the top gainer of the day. It gained 10% to close at KES 220.00 which was a KES 20.00 gain in share price. Home Afrika Ltd (HAFR) was the top loser of the…
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