Helios loses top slot in Equity after stake sale to NSSF Uganda
Helios loses top slot in Equity after stake sale to NSSF Uganda London-based investment fund Helios EB Investors is no longer the majority shareholder at Equity Bank after selling part of its stake to Uganda National Social Security Fund.Helios EB Investors sold 2.44 per cent of…
Closing Bell: Mumias Sugar Top Gainer as Carbacid Investments Declines
Closing Bell: Mumias Sugar Top Gainer as Carbacid Investments Declines Mumias Sugar Company (MSC) was the top gainer of the day at the NSE. The counter continued its upward trend and gained 9.52% to close the day at KES 2.30 which was a KES 0.20 gain in share price. Carbacid…
CIC General rating up after Sh800m capital injection
CIC General rating up after Sh800m capital injection CIC General Insurance’s outlook has been upgraded to ‘stable’ from a ‘negative’ rating following a capital injection last year.The capital injection nearly doubled the insurer’s previous capital base of Sh900 million to Sh1.7 billion. South African Global Credit…
Closing Bell: Limuru Tea Top Gainer as Car and General Declines
Closing Bell: Limuru Tea Top Gainer as Car and General Declines Limuru Tea (LIMT) was the top gainer of the day. It gained 9.96% to close at KES 1248.00 which was a KES 113.00 gain in share price. Limuru Tea share price to halve after the split which divides its…
Safaricom sues Airtel in M-Pesa trademark dispute
Safaricom sues Airtel in M-Pesa trademark dispute Safaricom has taken rival telecommunications company Airtel to court on claims that it is infringing on its M-Pesa trademark by including its symbols on its advertising billboards […] Chase Bank 7yr note debuts on secondary market…
Closing Bell: Mumias Sugar Top Gainer as Kenya Airways Declines
Closing Bell: Mumias Sugar Top Gainer as Kenya Airways Declines Mumias Sugar Company (MSC) was the top gainer at the NSE. It gained 8.11% to close the day at KES 2.00 which was a KES 0.15 gain in share price. Kenya Airways (KQ) was…
Agency set to watch more bank clients in terror cash hunt
Agency set to watch more bank clients in terror cash hunt The Treasury has moved to boost the fight against terrorism financing by widening the scope of investigation to include most of the bank transactions. Treasury secretary, Henry Rotich has empowered the Financial Reporting Centre (FRC)…
Uchumi seeks CEO, meets suppliers over debt
Uchumi seeks CEO, meets suppliers over debt Uchumi Supermarkets has appointed consultancy firm Deloitte to headhunt a new chief executive officer less than a week after the board of directors sacked Mr Jonathan Ciano alongside chief finance officer Chadwick Omondi Okumu. This comes as Uchumi board…
Centum eyes Rea Vipingo land for property
Centum eyes Rea Vipingo land for property Centum Investments is crafting a master plan for its recently acquired Rea Vipingo land at the Coast that could see some of the farmland converted into real estate. The Vipingo land is also ideal for Centum’s plan to invest…
Closing Bell: Eaagads Limited Top gainer as Liberty Kenya Holdings Declines
Closing Bell: Eaagads Limited Top gainer as Liberty Kenya Holdings Declines Eaagads Limited (EGAD) was the top gainer at the NSE. It gained 9.09% to close the day at KES 36.00 which was a KES 3.00 gain in share price. Liberty Kenya Holdings (CFCI) was the top loser with a…
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