Local investors keep KQ stock afloat Local investors’ buying of the Kenya Airways (KQ) share has kept its price stable over the past month even after the airline reported a record Sh25.7 billion loss for the year ended March 2015. The loss wiped out its shareholder…

Express Kenya Limited Top Gainer as Umeme Limited Declines Express Kenya Limited (XPRS) was the top gainer of the day. It gained 9.88% to close at KES 4.45 which was a KES 0.40 gain in share price. Umeme Limited (UMME) was the top loser of the day. It had a…

Uchumi sub-tenants get order halting eviction Sub-tenants in Uchumi Supermarkets have secured a court order delaying their eviction by 14 days from the September 15 deadline given by the retailer. Eighteen speciality shop owners claimed they had not been given adequate notice when they pleaded with…

Mumias Sugar Company Ltd Top Gainer as Atlas Development and Support Services Ltd Declines Mumias Sugar Company Ltd (MSC) was the top gainer of the day. It gained 8.57% to close at KES 1.90 which was a KES 0.15 gain in share price. Atlas Development and Support Services Ltd (ADSS)…

Airtel threatens exit over Safaricom ‘dominance’ Telecommunications firm Airtel could exit the Kenyan market if new regulations are not passed to curb Safaricom’s dominance, its chief executive Adil El Youssefi said on Tuesday. Mr Youssefi said “anti-competitive behaviour” by the market leader had condemned competitors to…

Kapchorua Tea Company Ltd Top Gainer as Umeme Limited Declines Kapchorua Tea Company Ltd (KAPC) was the top gainer of the day. It gained 9.6% to close at KES 217.00 which was a KES 19.00 gain in share price. Umeme Limited (UMME) was the top loser of the day. It…

I&M Holdings in deal to acquire Giro Bank I&M Holdings Ltd (IMHL) has reached an agreement to buy out tier III lender Giro Commercial Bank in a deal that will see I&M grow its asset base by Sh16.2 billion. IMHL, which is listed at the…

I&M Holdings Ltd Top Gainer as Eveready East Africa Limited Declines I&M Holdings Ltd (I&M) was the top gainer of the day. It gained 12.15% to close at KES 120.00 which was a KES 13.00 gain in share price. Eveready East Africa Limited (EVRD) was the top loser of the…

Rea Vipingo set to delist this month Rea Vipingo is expected to delist at the Nairobi Securities Exchange (NSE) by the end of the month if the industry regulator approves the move. Chairman Richard Robinow says the sisal firm is now awaiting for the go ahead…

Equity picks a new fight with Safaricom over M-Pesa fees Equity Bank Group has written a protest letter to the Central Bank of Kenya (CBK) objecting to Safaricom’s intended increase of charges on bank-to-MPesa transfers, which once effected will raise fees charged on Equitel — its…