Safaricom yet to agree with Vodafone on M-Pesa royalty charges
Safaricom yet to agree with Vodafone on M-Pesa royalty charges Safaricom is yet to agree with Vodafone on new M-Pesa royalty fees nearly a year since the two telcos opened talks following the migration of M-Pesa servers from Germany. The relocation of M-Pesa servers to Kenya…
Closing Bell: Home Afrika Ltd Top Gainer as Atlas Development and Support Services Ltd Declines
Home Afrika Ltd Top Gainer as Atlas Development and Support Services Ltd Declines Home Afrika Ltd (HAFR) was the top gainer of the day. It gained 8.11% to close at KES 2.00 which was a KES 0.15 gain in share price. Atlas Development and Support Services Ltd (ADSS) was the…
Centum gets Kenya dealership for the high-end Courvoisier cognac
Centum gets Kenya dealership for the high-end Courvoisier cognac Centum has signed a distributorship contract with one of the world’s premium alcoholic spirits makers in a deal that will see one of the NSE-listed firm’s subsidiaries exclusively market brands like Courvoisier and Jim Beam locally. King…
Closing Bell: Unga Group Limited Top Gainer as East African Portland Cement Company Declines
Unga Group Limited Top Gainer as East African Portland Cement Company Declines Unga Group Limited (UNGA) was the top gainer of the day. It gained 8.57% to close at KES 38.00 which was a KES 3.00 gain in share price. East African Portland Cement Company (PORT) was the top loser…
Interest income lifts KCB net profit to Sh19.6 billion
Interest income lifts KCB net profit to Sh19.6 billion KCB Group posted a 16.4 per cent jump in after-tax profit in the year ended December on the back of increased interest income from the mainstay lending business. The company has declared a dividend of Sh2 per…
Closing Bell: Carbacid Investments Limited Top Gainer as Unga Group Limited Declines
Carbacid Investments Limited Top Gainer as Unga Group Limited Declines Carbacid Investments Limited (CARB) was the top gainer of the day. It gained 7.58% to close at KES 14.90 which was a KES 1.05 gain in share price. Unga Group Limited (UNGA) was the top loser of the day. It…
Ecobank picks Nairobi as eastern, central, southern regional hub
Ecobank picks Nairobi as eastern, central, southern regional hub Ecobank Kenya is set to be upgraded to be the regional hub of operations for 18 countries in a move that boosts Nairobi’s ambitions of being an international financial centre. The pan-African lender is restructuring its regional…
Closing Bell: Unga Group Limited Top Gainer as Longhorn Publishers Limited Declines
Unga Group Limited Top Gainer as Longhorn Publishers Limited Declines Unga Group Limited (UNGA) was the top gainer of the day. It gained 9.93% to close at KES 38.75 which was a KES 3.50 gain in share price. Longhorn Publishers Limited (LKL) was the top loser of the day. It…
Stock market dip wipes out billions in pension savings
Stock market dip wipes out billions in pension savings A year-long bear market at the Nairobi Securities Exchange has eaten deeply into retirement savings, leaving pension funds with returns below the average rate of inflation, a newly-released industry report says. Retirement schemes returned 0.5 per cent…
Growing sales push KenGen’s net profit to Sh5.7 bn
Growing sales push KenGen’s net profit to Sh5.7 bn KenGen’s net profit for the six months to December has grown 15 per cent on increased sales even as higher operating and financing costs weighed down its performance. This performance would have been more impressive were it…
Closing Bell: Eaagads Limited Top Gainer as East African Portland Cement Company Declines
Eaagads Limited Top Gainer as East African Portland Cement Company Declines Eaagads Limited (EGAD) was the top gainer of the day. It gained 9.2% to close at KES 23.75 which was a KES 2.00 gain in share price. East African Portland Cement Company (PORT) was the top loser of the…
Kenya Power profit drops 16pc despite surge in connections
Kenya Power profit drops 16pc despite surge in connections Kenya Power announced a 16.4 per cent drop in net profit for the half year ended December, as increased expenditure offset additional income earned from connecting an additional 1.1 million customers in the period. The profit drop…
Closing Bell: Eveready East Africa Limited Top Gainer as Sasini Ltd Declines
Eveready East Africa Limited Top Gainer as Sasini Ltd Declines Eveready East Africa Limited (EVRD) was the top gainer of the day. It gained 9.62% to close at KES 2.85 which was a KES 0.25 gain in share price. Sasini Ltd (SASN) was the top loser of the day. It…
KenolKobil exits Congo, Tanzania with sale of units
KenolKobil exits Congo, Tanzania with sale of units Oil marketer KenolKobil has sold its subsidiaries in Tanzania and the Democratic Republic of Congo, marking an exit from the two countries. The company said in a statement Wednesday it has disposed of all its interests in Kobil…
Closing Bell: Atlas Development and Support Services Ltd Top Gainer as Sasini Ltd Declines
Atlas Development and Support Services Ltd Top Gainer as Sasini Ltd Declines Atlas Development and Support Services Ltd (ADSS) was the top gainer of the day. It gained 10% to close at KES 1.65 which was a KES 0.15 gain in share price. Sasini Ltd (SASN) was the top loser…
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