Safaricom puts on hold sale of digital decoders
Safaricom puts on hold sale of digital decoders Safaricom has suspended the sale of its Internet-enabled digital TV decoders to allow for software upgrade barely three months after its launch. Chief executive Bob Collymore told the Business Daily the suspension was due to realisation that…
KRA gives manufacturers two months to comply with excise tax rule
KRA gives manufacturers two months to comply with excise tax rules Kenya Revenue Authority (KRA) has given manufacturers and importers of excisable goods who have not acquired licenses two months to comply with the requirements. KRA says the manufacturers who have faced difficulties in getting county…
Closing Bell: British American Tobacco Kenya Limited Top Gainer as Sameer Africa Limited Declines
British American Tobacco Kenya Limited Top Gainer as Sameer Africa Limited Declines British American Tobacco Kenya Limited (BAT) was the top gainer of the day. It gained 6.41% to close at KES 830.00 which was a KES 50.00 gain in share price. Sameer Africa Limited (FIRE) was the top loser…
StanChart’s net profit drops 36pc on bad loans
StanChart’s net profit drops 36pc on bad loans Standard Chartered Bank’s rising load of non-performing loans has pulled down its net profit for the six months to June by 36 per cent and seen the lender overtaken by two of its peers. With all six top-tier…
Closing Bell: I&M Holdings Ltd Top Gainer as Atlas Development and Support Services Ltd Declines
I&M Holdings Ltd Top Gainer as Atlas Development and Support Services Ltd Declines I&M Holdings Ltd (I&M) was the top gainer of the day. It gained 4.55% to close at KES 115.00 which was a KES 5.00 gain in share price. Atlas Development and Support Services Ltd (ADSS) was the…
BOC Kenya chief Maria Msiska to leave after five years at helm
BOC Kenya chief Maria Msiska to leave after five years at helm Industrial gas producer BOC Kenya’s managing director Maria Msiska is set to leave after a five-and-a-half-year stint at the company. The Nairobi Securities Exchange-listed firm advertised her position Wednesday, signalling its intention to…
Closing Bell: Uchumi Supermarket Limited Top Gainer as Atlas Development and Support Services Ltd Declines
Uchumi Supermarket Limited Top Gainer as Atlas Development and Support Services Ltd Declines Uchumi Supermarket Limited (UCHM) was the top gainer of the day. It gained 8.84% to close at KES 8.00 which was a KES 0.65 gain in share price. Atlas Development and Support Services Ltd (ADSS) was the…
Mumias Sugar in more trouble with losses past Sh3bn
Mumias Sugar in more trouble with losses past Sh3bn Troubled sugar maker Mumias has sunk deeper into losses, triggering yet another profit warning. The management expects it to record losses of at least Sh3.4 billion this year, more than 25 per cent higher than the…
Closing Bell: Marshalls (E.A) Ltd Top Gainer as Atlas Development and Support Services Ltd Declines
Marshalls (E.A) Ltd Top Gainer as Atlas Development and Support Services Ltd Declines Marshalls (E.A) Ltd (MASH) was the top gainer of the day. It gained 9.72% to close at KES 11.85 which was a KES 1.05 gain in share price. Atlas Development and Support Services Ltd (ADSS) was the…
Keroche among big firms missing from KRA list
Keroche among big firms missing from KRA list Keroche Breweries and Mastermind Tobacco are among big companies that are yet to secure an excise tax license, and could have their products pulled from the market. The two are among those missing from an updated list…
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