KQ needs Sh100bn bailout, says Standard Investment Bank analysts
KQ needs Sh100bn bailout, says Standard Investment Bank analysts National carrier Kenya Airways requires up to Sh100 billion new funding to stay afloat, Standard Investment Bank analysts have estimated. The amount is required in the form of fresh capital injection to reduce the carrier’s debt burden. KQ may also need…
Closing Bell: CIC Insurance Group Limited Top Gainer as Unga Group Limited Declines
CIC Insurance Group Limited Top Gainer as Unga Group Limited Declines CIC Insurance Group Limited (CIC) was the top gainer of the day. It gained 6.43% to close at KES 7.45 which was a KES 0.45 gain in share price. Unga Group Limited (UNGA) was the top loser of the…
Top foreign funds see returns on NSE equities drop 11pc
Top foreign funds see returns on NSE equities drop 11pc The top-five foreign mutual funds investing in Kenya have seen their returns decline by an average of 11 per cent year-to-date, a new report by consultancy PricewaterhouseCoopers shows.Investor returns have taken a hit from the…
Co-op Bank branches to issue car insurance stickers
Co-op Bank branches to issue car insurance stickers Co-operative Bank of Kenya through its Co-op Consultancy Agency will issue motor vehicle insurance stickers in all its branches. The bank says the product, launched in 2013, will be available in a maximum of 10 minutes on order.The certificates are normally printed…
Closing Bell: CIC Insurance Limited Top Gainer as Kapchorua Tea Company Ltd Declines
CIC Insurance Limited Top Gainer as Kapchorua Tea Company Ltd Declines CIC Insurance Limited (CIC) was the top gainer of the day. It gained 8.82% to close at KES 7.40 which was a KES 0.60 gain in share price. Kapchorua Tea Company Ltd (KAPC) was the top loser of the…
EABL records 9pc sales growth on uptake of spirits
EABL records 9pc sales growth on uptake of spirits Beer maker EABL recorded a nine per cent growth in net sales for the full year to June, a statement released by the UK parent company Diageo showed Thursday.East African Breweries Limited’s full-year earnings were primarily…
Closing Bell: Kapchorua Tea Company Ltd Top Gainer as Kenya Airways Limited Declines
Kapchorua Tea Company Ltd Top Gainer as Kenya Airways Limited Declines Kapchorua Tea Company Ltd (KAPC) was the top gainer of the day. It gained 10% to close at KES 242.00 which was a KES 22.00 gain in share price. Kenya Airways Limited (KQ) was the top loser of the…
KRA intensifies war with manufacturers over excise tax
KRA intensifies war with manufacturers over excise tax The Kenya Revenue Authority (KRA) has intensified its war with manufacturers over the payment of excise tax, putting at risk millions of jobs and billions of shillings in tax revenues.The Kenya Association of Manufacturers (KAM) – the industry…
Closing Bell: Kapchorua Tea Company Top Gainer as Kenya Commercial Bank Ltd Declines
Kapchorua Tea Company Top Gainer as Kenya Commercial Bank 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. Kenya Commercial Bank Ltd (KCB) was the top loser of…
Jubilee overtakes Britam in market valuation at NSE
Jubilee overtakes Britam in market valuation at NSE Jubilee Holdings has overtaken Britam to become the most valued insurer at the Nairobi Securities Exchange for the first time since October 2013.The composite underwriter now has a market valuation of Sh33.5 billion compared to Britam’s Sh31.1…
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