CMA gears up for launch of derivatives exchange The Capital Markets Authority (CMA) is stepping up preparations for the introduction of an exchange for derivatives, which are used for hedging risk. The CMA has partnered with the Dubai Financial Services Authority to train local players on…

Crown Paints Kenya Limited Top Gainer as Atlas Development and Support Services Ltd Declines Crown Paints Kenya Limited (BERG) was the top gainer of the day. It gained 8.2% to close at KES 66.00 which was a KES 5.00 gain in share price. Atlas Development and Support Services Ltd (ADSS)…

Mumias doubles full year loss to Sh6 billion on low revenues Mumias Sugar financial woes deepened after the miller doubled its loss before tax to Sh6.31 billion in the year ended June 2015 from Sh3.41 billion. The sugar miller’s full-year after tax loss increased from Sh2.7…

TPS Eastern Africa Limited (Serena Hotels) Top Gainer as Kakuzi Limited Declines TPS Eastern Africa Limited (Serena Hotels) (TPSE) 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. Kakuzi Limited (KUKZ) was the top loser…

EA Cables picks ex-Safaricom manager as CEO in revival bid East African Cables has hired a former Safaricom manager, Peter Arina, as its chief executive. Mr Arina will be expected to revive the flagging fortunes of the cables manufacturer. The East African Cables reported 14 per…

Flame Tree Group Holdings Limited Top Gainer as Kapchorua Tea Company Ltd Declines Flame Tree Group Holdings Limited (FTGH) was the top gainer of the day. It gained 8.57% to close at KES 7.60 which was a KES 0.60 gain in share price. Kapchorua Tea Company Ltd (KAPC) was the…

CA moves to hire market dominance consultant The Communications Authority of Kenya (CA) has begun the process of hiring an international firm that will examine Kenya’s telecommunication and broadcasting sectors for market dominance and anti-competitive behaviour. The CA says in Expression of Interest tender documents seen…

Barclays unveils product lab for local developers Barclays bank has partnered with local developers in a programme aimed at creating innovations to improve delivery of its financial services across the globe. The programme, Barclays Kenya Product Lab will give developers access to the institution’s resources to…

Standard Group Limited Top Gainer as Longhorn Publishers Limited Declines Standard Group Limited (SGL) was the top gainer of the day. It gained 8.8% to close at KES 34.00 which was a KES 2.75 gain in share price. Longhorn Publishers Limited (LKL) was the top loser of the day. It…

Telcos regulator board meets on Monday over Airtel licence renewal The board of the Communications Authority of Kenya (CA) is set to meet on Monday to discuss the renewal of Airtel Kenya’s licence, which expired seven months ago. The Monday meeting comes on the backdrop of a…