Closing Bell: Express Kenya Limited Top Gainer as East African Cables Limited Declines
Express Kenya Limited Top Gainer as East African Cables Limited Declines Express Kenya Limited (XPRS) was the top gainer of the day. It gained 9.09% to close at KES 4.80 which was a KES 0.40 gain in share price. East African Cables Limited (CABL) was the top loser of the…
CBK to sell five and 10-year Treasury bonds
CBK to sell five and 10-year Treasury bonds The Central Bank of Kenya said on Friday it will sell five-year and 10-year Treasury bonds worth Sh25 billion in February. The bank said in a statement it will receive bids for the two bonds between February 12…
Closing Bell: Umeme Limited Top Gainer as Flame Tree Group Holdings Limited Declines
Umeme Limited Top Gainer as Flame Tree Group Holdings Limited Declines Umeme Limited (UMME) was the top gainer of the day. It gained 8.33% to close at KES 19.50 which was a KES 1.50 gain in share price. Flame Tree Group Holdings Limited (FTGH) was the top loser of the…
NSE reclaims half of market capitalisation it lost in January
NSE reclaims half of market capitalisation it lost in January A rally in Safaricom, EABL, Equity and KCB stock prices at the Nairobi Securities Exchange (NSE) in the first week of February has helped the bourse claw back nearly half of the market capitalisation it lost…
Closing Bell: Express Kenya Limited Top Gainer as Umeme Limited Declines
Express Kenya Limited Top Gainer as Umeme Limited Declines Express Kenya Limited (XPRS) was the top gainer of the day. It gained 3.53% to close at KES 4.40 which was a KES 0.15 gain in share price. Umeme Limited (UMME) was the top loser of the day. It had a…
KQ hires Deloitte for 6-year audit of financial decisions
KQ hires Deloitte for 6-year audit of financial decisions The Kenya Airways’ board has appointed consulting firm Deloitte to undertake a forensic audit of the airline’s financial decisions dating back six years. Deloitte joins a growing list of consultants that the airline has engaged as its…
Closing Bell: CIC Insurance Group Limited Top Gainer as Liberty Kenya Holdings Limited Declines
CIC Insurance Group Limited Top Gainer as Liberty Kenya Holdings Limited Declines CIC Insurance Group Limited (CIC) was the top gainer of the day. It gained 5.17% to close at KES 6.10 which was a KES 0.30 gain in share price. Liberty Kenya Holdings Limited (CFCI) was the top loser…
Eveready inks distribution deal with US-based manufacturer
Eveready inks distribution deal with US-based manufacturer Eveready East Africa Ltd has partnered with Clorox sub-Sahara Africa Ltd – a regional subsidiary of the global household products manufacturer Clorox – to supply and distribute household products such as bleaches under the brand name Clorox. According to…
Closing Bell: TPS Eastern Africa Limited (Serena Hotels) Top Gainer as Uchumi Supermarket Limited Declines
TPS Eastern Africa Limited (Serena Hotels) Top Gainer as Uchumi Supermarket Limited Declines TPS Eastern Africa Limited (Serena Hotels) (TPSE) was the top gainer of the day. It gained 9.57% to close at KES 25.75 which was a KES 2.25 gain in share price. Uchumi Supermarket Limited (UCHM) was the…
Kenya’s balance of payments slips into deficit position
Kenya’s balance of payments slips into deficit position Kenya’s balance of payments has slipped into a deficit position following a drop in financial inflows, in the absence of the Eurobond and amidst low tourist numbers, wiping out gains of a lower import bill. This means there…
KenGen woos investors to tap surplus power
KenGen woos investors to tap surplus power The Kenya Electricity Generating Company (KenGen) has disputed claims that its energy expansion plan will result in unutilised surplus. The electricity generator says it will invest in reserve energy from green sources, in anticipation of higher demand from the…
Closing Bell: Sasini Ltd Top Gainer as Limuru Tea Company Limited Declines
Sasini Ltd Top Gainer as Limuru Tea Company Limited Declines Sasini Ltd (SASN) was the top gainer of the day. It gained 9.29% to close at KES 20.00 which was a KES 1.70 gain in share price. Limuru Tea Company Limited (LIMT) was the top loser of the day. It…
KQ’s bankers ease loan terms as carrier eyes Sh60bn bailout
KQ’s bankers ease loan terms as carrier eyes Sh60bn bailout National carrier Kenya Airways’ local bankers have agreed to extend the tenure of their existing short-term loans, giving the airline breathing space to secure a Sh60 billion bailout which the CEO expects to source in six…
Closing Bell: Uchumi Supermarket Limited Top Gainer as Sasini Ltd Declines
Uchumi Supermarket Limited Top Gainer as Sasini Ltd Declines Uchumi Supermarket Limited (UCHM) was the top gainer of the day. It gained 6.76% to close at KES 7.90 which was a KES 0.50 gain in share price. Sasini Ltd (SASN) was the top loser of the day. It had a…
Safaricom’s digital TV decoder sales double after price cut
Safaricom’s digital TV decoder sales double after price cut The sales of Safaricom’s Internet-enabled digital TV decoders has doubled after it slashed its pricing by 50 per cent in November. In November Safaricom cut the decoder prices to Sh4,999 from the previous Sh10,000 in a re-launch that…
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