Closing Bell 12/4/12
Gainers Price (Ksh) Change (%) Uchumi Supermarket Limited 14.65 7.33% British American Tobacco Kenya Limited 299.00 3.10% NIC Bank Limited 26.50 2.91% Scangroup Limited 53.50 2.88% Kenya Airways Limited 14.35 2.87% Losers Price Change Eveready East Africa Limited 1.50 9.09% Rea Vipingo Planations Limited 15.05 4.14% Standard Group Limited 22.00…
Crown Berger Enters into Another Foreign Partnership
Crown Berger Kenya has entered into a distribution partnership with a South African company Free World Automotive Coatings to distribute the South African firm’s automotive paint products and enable it to penetrate the domestic market. Crown Berger is a Kenyan paint manufacturing company established in 1958 with an…
NIC Seeks Shareholder Approval at AGM to Increase Authorised Share Capital
NIC Bank has released a notice of the Annual General Meeting (AGM) in the local dailies. This will be the 52nd AGM of the shareholders of NIC Bank and will be held at the Kenyatta International Conference Centre in Nairobi on Wednesday 2nd May 2012. The bank’s profit after tax…
When Should You Take Up Your KQ Rights?
We all know about the ongoing Kenya Airways (KQ) rights issue. KQ intends to raise Ksh 20.6 billion by issuing 1,477,169,549 (1.47 billion) new ordinary shares, each KQ shareholders will have the right to subscribe to 16 new ordinary shares for every 5 ordinary shares currently held. A rights issue…
KenolKobil Share Dips by 0.8%
Upon the close of trading at the NSE yesterday, the KenolKobil share had dipped by 0.83% to Ksh 11.90 per share, its lowest value since March 27th. This is in contrast to the upward trend it has exhibited over the last 3 months since the beginning of the year as…
NSE Elects New Chairman
In a press release dated April 10th 2012, the new board of the Nairobi Securities Exchange, at its first official board meeting, re-elected Mr. Eddy Njoroge as the Chairman. Mr. Njoroge joined the board on June 27 2008 and became Chairman in 2009. The board also…
Closing Bell 10/4/12
Gainers Price(Ksh) Change(%) Car and General (K) Ltd 25.00 +6.38 Pan Africa Insurance Holdings Ltd 27.50 +5.77 Rea Vipingo Plantations Ltd 15.70 +3.63 Centum Investment Co Ltd 14.10 +2.92 Williamson Tea Kenya Ltd 235.00 +2.17 Losers Price(Ksh) Change(%) Athi River Mining 160.00 -5.88 Jubilee Holdings Ltd 171.00 -3.39 CFC Insurance…
NIC Bank Limited Reports a 46% Profit Increase
NIC Bank Limited has announced its financial results for the year ended 31st December 2011. The bank’s profit before tax has increased 39.078% from Kshs. 2,416,342,000 in the year 2010 to Kshs. 3,360,602,000 in 2011. The company’s total assets grew by Kshs. 18,805,389,000 to close the year at…
What Harry Potter and Kenya Power Have in Common
A series of seven fantasy books and eight films based on the Harry Potter novels by British novelist Joanne Rowling, commonly referred to as J.K. Rowling. The books have gained the attention of children and adults worldwide for the better part of a decade, won multiple awards, sold over 400…
A 26 Million Bar Bill; A Million NIC Bank Shares
A young Briton splashed out over £200,000 (Kshs. 26,439,380) on drinks at a Liverpool nightclub, breaking the world record for the highest bill ever paid in a club. 23-year-old Alex Hope spent £125,000 on a 30-litre Midas bottle of Armand de Brignac, known as Ace of Spades – the world’s…
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