Kenya’s tea earnings to likely fall in 2016, regulator says
Kenya’s tea earnings to likely fall in 2016, regulator says Kenya is the world’s leading exporter of black tea with the commodity being a major foreign exchange earner. The Agricultural, Fisheries and Food Authority (AFFA) said total output fell 10 per cent to 399.21 million kg…
Closing Bell: Standard Group Limited Top Gainer as Liberty Kenya Holdings Limited Declines
Standard Group Limited Top Gainer as Liberty Kenya Holdings Limited Declines Standard Group Limited (SGL) was the top gainer of the day. It gained 8% to close at KES 27.00 which was a KES 2.00 gain in share price. Liberty Kenya Holdings Limited (CFCI) was the top loser of the…
KQ hires American firm to advise on Sh60bn capital injection plan
KQ hires American firm to advise on Sh60bn capital injection plan Kenya Airways (KQ) has signed up a New-York based advisory firm to restructure its balance sheet and help it seek approximately Sh60 billion in long-term capital refinancing. KQ has appointed PJT Partners as its transaction…
Closing Bell: Flame Tree Group Holdings Limited Top Gainer as Car & General (Kenya) Ltd Declines
Flame Tree Group Holdings Limited Top Gainer as Car & General (Kenya) Ltd Declines Flame Tree Group Holdings Limited (FTGH) was the top gainer of the day. It gained 8.4% to close at KES 7.10 which was a KES 0.55 gain in share price. Car & General (Kenya) Ltd (C&G)…
Fastjet stops Kilimanjaro flights a month after launch
Fastjet stops Kilimanjaro flights a month after launch Low-cost carrier Fastjet has stopped its Kilimanjaro-Nairobi flights, just a month after launch, handing Kenya Airways and its associate Precision Air competition relief on the Tanzania route. The UK budget airline launched daily flights between Dar es Salaam…
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…
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