Uchumi to close loss-making outlets, sell assets in recovery plan Uchumi Supermarkets has announced radical changes to its operations, which include closing down several outlets and selling a Sh2 billion plot in Kasarani in its newest plan to steer clear of financial troubles. This development comes…

Express Kenya Top Gainer as National Bank Declines Express Kenya Limited (XPRS) was the top gainer of the day. It gained 6.54% to close at KES 5.70, which was a KES 0.35 gain in share price. National Bank of Kenya (NBK) was the top loser of the day. It had…

NSE chief urges openness by listed firms to woo foreigners Kenyan companies need to increase the level of disclosure if they hope to attract significant foreign funding, the Nairobi Securities Exchange (NSE) chief executive has said. Geoffrey Odundo said local and foreign investors are only comfortable with firms that…

TransCentury Limited Top Gainer as National Bank Declines TransCentury Limited (TCL) was the top gainer of the day. It gained 8.99% to close at KES 15.15, which was a KES 1.25 gain in share price. National Bank of Kenya (NBK) was the top loser of the day. It had a…

KPA plans Sh50m cruise terminal at Mombasa port to woo tourists The terminal will provide a place for visitors to relax on arrival and before departure.Last year only two cruise ships docked at the port while this year only one cruise arrived in March.KPA in…

Kakuzi Limited Top Gainer as Mumias Sugar Company Declines Kakuzi Limited (KUKZ) was the top gainer of the day. It gained 7.49% to close at KES 330.00, which was a KES 23.00 gain in share price. Mumias Sugar Company (MSC) was the top loser of the day. It had a…

Shilling feels the pressure as trade deficit rises 59pc KNBS reported the current account deficit, stood at Sh101.5 billion, up from Sh63.7 billion recorded in the same quarter last year. The gap between Kenya’s imports and exports widened a massive 59 per cent or Sh37.7 billion…

Pilots seek government intervention to save carrier from collapse Pilots in the country now want national carrier Kenya Airways saved from possible collapse. Through their association, the Kenya Airline Pilots Association (Kalpa), the pilots also accused the airline’s management of mistreating them. Association general-secretary Captain Ronald…

Express Kenya Top Gainer as Co-operative Bank Declines Express Kenya Limited (XPRS) was the top gainer of the day. It gained 10% to close at KES 5.50, which was a KES 0.50 gain in share price. Co-operative Bank of Kenya (COOP) was the top loser of the day. It had…

Foreigners pull out cash from NSE for second time A quarter two report by Standard Investment Bank shows the NSE had lost Sh3.2 billion in the first three months of the year.Foreigners were exiting the large caps in favour of the smaller players whose market price…