Sep 30 Closing Bell: Eveready Nearly Doubles At The NSE
The winners Eveready East Africa continued with its morning trend to end the day as the top gainer with a rise of 78%. Investors reacted positively to news that the battery maker was closing its Nakuru factory in…
Boost To Kenya’s International Finance Aspirations As The CMA CEO Is Elected To IOSCO Board
Kenya’s aspiration for Nairobi to become an International Financial Centre received a major boost when Mr. Paul Muthaura, the acting CEO of the Capital Markets Authority (CMA), was elected to the Board of the International Organization of Securities Commissions (IOSCO). This will contribute to the global visibility of the Kenyan capital markets. It comes after…
Sep 30 NSE Morning Bell: Eveready Up Over 50% After Announcing Factory Closure
The winners As at 11.04 am today Eveready East Africa was up 62.5% from yesterday’s closing price. The battery maker on Monday announced the closure of its Nakuru factory. Instead it will be sourcing its batteries at a lesser cost from its affiliate Energizer Egypt. Eveready also intends to …
6 Peculiar Taxes You Should Read About
On the 15th of September this year president Uhuru Kenyatta assented to the bill that re-introduced capital gains taxes in Kenya. There have been various debates on the pros and cons of the tax. Regardless of where you side…
5 Things You Should Know This Morning – Sep 30
Kenyan shilling weakens, Centum leads stocks higher The Kenyan shilling weakened on Monday due to increased importer demand for dollars, while stocks closed higher lifted by investment firms. At close of trade at 1300 GMT, commercial banks quoted the shilling at 89.30/40 to the dollar, compared with Friday’s close of…
Sep 29 Closing Bell: Centum And Longhorn Among Top Gainers At The NSE
The winners Centum Kenya Limited rose 9.17% compared to last Friday’s closing price to end the day at KES 65.50 a share. It was behind book publisher Longhorn Kenya limited, the best performer in the morning. Longhorn was the second highest gainer at 9.30%. The…
Greater Integration? Kenya Rwanda Uganda Seek Consultant To Link Power Grid
Kenya, Uganda and Rwanda have invited bids for a consultant to oversee a feasibility study for connecting their nations by high voltage power line, part of efforts to meet growing demand for electricity and deepen integration of their economies. The three nations, with a combined population of more than 94…
Sep 29: NSE At Noon Longhorn Kenya Continues To Gain
Longhorn Kenya was at 11.50am the largest gainer at the NSE. This was a continuation of last Friday’s trend, where the share rose 50% in a single day. Other shares (counters) up were Mumius Sugar Limited, Olympia Capital Holdings, Centum Investments and insurance firm Britam.
5 Things You Should Know This Morning – Sep 29
Kambi accused of defying court order in NSSF board row Labour secretary Kazungu Kambi is on the spot for defying a court order to reinstate two labour union and employer representatives to the National Social Security Fund (NSSF) board of trustees. […] Tender winners for 2,000km…
CBK 91 Day Treasury Bill Oversubscribed 82%
The Central Bank of Kenya has reported that this week’s auction for the 91 day Treasury bill (T-bill) was subscribed 182%. This is a significant rise considering that last week the bids for the T-bills were 90%, an under-subscription of 10%. This is the second over-subscription in…
Sep 26: Morning Bell Longhorn Kenya Up 50% At The NSE
Longhorn Kenya Limited as at 12.00 pm was up 50% from yesterday’s closing price. The publisher has today announced a final dividend of KES 1.20 a share despite a dip in profits. This is the highest gain in a single day this month at the Nairobi Securities…
5 Things You Should Know This Morning – Sep 26
Kenya joins middle income economy status on Tuesday Kenya is set to be classified as a middle income country, 16 years ahead of schedule with the release of revised figures for the economy. At an event to be witnessed by both the World Bank and International Monetary Fund officials on…
Sep 25 Closing Bell: Centum Trails Again As Orchards Continues Rise At The NSE
Centum’s closing price made it the biggest loser today at the NSE. The investment firm lost 9.09% compared to yesterday’s closing price. The Nairobi Securities Exchange, CIC Insurance and Britam continued with the trend set today in the morning to shed 8.08%, 7.46% and 7.19% respectively.
Is Kenya The Next Big Oil Exporter?
According to James Stafford an editor at Oilprice.com Kenya is set to be the largest oil producer in East Africa. This is despite security and political challenges in the country. Six of the last 10 biggest finds have been in Africa. There are some 130 billion barrels of…
Sep 25 Morning Bell: Blue Chips Shed Prices At The NSE
September 25th, 11.20 am. Three of the six companies whose prices have depreciated the most are companies that make up the NSE 20 share index. They are Britam Investments Company Limited (Britam Insurance), Centum Investments, and Equity Bank. The other counters (shares) that have shed…
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