Uchumi gets Sh500m KCB loan to stock up ahead of Christmas
Uchumi gets Sh500m KCB loan to stock up ahead of Christmas The new loan will raise the total amount that Uchumi Supermarkets owes the KCB Group to Sh1 billion. The retailer is relying on borrowings as a temporary measure before completing the sale of non-core assets…
Closing Bell: Atlas Development and Support Services Ltd Top Gainer as Eaagads Limited Declines
Atlas Development and Support Services Ltd Top Gainer as Eaagads Limited Declines Atlas Development and Support Services Ltd (ADSS) was the top gainer of the day. It gained 8.82% to close at KES 1.85 which was a KES 0.15 gain in share price. Eaagads Limited (EGAD) was the top loser…
Tuskys signs finance deal with DTB for upfront payment of suppliers
Tuskys signs finance deal with DTB for upfront payment of suppliers Tuskys Supermarkets has signed a financing facility that will see its suppliers get payments from the Diamond Trust Bank even before their invoices are due. The deal will also enable small and medium sized companies (SMEs) that supply the…
Closing Bell: Atlas Development and Support Services Ltd Top Gainer as NIC Bank Ltd Declines
Atlas Development and Support Services Ltd Top Gainer as NIC Bank Ltd Declines Atlas Development and Support Services Ltd (ADSS) was the top gainer of the day. It gained 9.38% to close at KES 1.75 which was a KES 0.15 gain in share price. NIC Bank Ltd (NIC) was the…
Senate endorses report that calls for sacking of KQ boss
Senate endorses report that calls for sacking of KQ boss The Senate on Thursday endorsed a report calling for the sacking of Kenya Airways chief executive Mbuvi Ngunze and possible prosecution of his predecessor Titus Naikuni. This came after the Senate unanimously adopted a report by the…
Closing Bell: Kenya Reinsurance Corporation Ltd Top Gainer as Kapchorua Tea Company Ltd Declines
Kenya Reinsurance Corporation Ltd Top Gainer as Kapchorua Tea Company Ltd Declines Kenya Reinsurance Corporation Ltd (KNRE) was the top gainer of the day. It gained 3.45% to close at KES 22.50 which was a KES 0.75 gain in share price. Kapchorua Tea Company Ltd (KAPC) was the top loser…
BAT calls whistleblower a ‘rogue’ ex-staff
BAT calls whistleblower a ‘rogue’ ex-staff Cigarette manufacturer British American Tobacco (BAT) has described its former employee who blew the whistle on bribery at the company as a “rogue” individual who has an axe to grind with the firm. Mr Paul Hopkins leaked hundreds of secret documents to a BBC…
Closing Bell: East African Portland Cement Company Top Gainer as Eaagads Limited Declines
East African Portland Cement Company Top Gainer as Eaagads Limited Declines East African Portland Cement Company (PORT) was the top gainer of the day. It gained 9.89% to close at KES 50.00 which was a KES 4.50 gain in share price. Eaagads Limited (EGAD) was the top loser of the…
CfC Stanbic sees a rise in corporate bond issuance
CfC Stanbic sees a rise in corporate bond issuance Standard Bank of South Africa majority-owned CfC Stanbic expects an increase in corporate bond issues in the coming year. The bank projects an increase from this year’s issuance of about Sh14 billion, which is lower than previous…
Closing Bell: Umeme Limited Top Gainer as Atlas Development and Support Services Ltd Declines
Umeme Limited Top Gainer as Atlas Development and Support Services Ltd Declines Umeme Limited (UMME) was the top gainer of the day. It gained 7.43% to close at KES 18.80 which was a KES 1.30 gain in share price. Atlas Development and Support Services Ltd (ADSS) was the top loser…
Former Uchumi top managers on the spot over Sh1bn cover-up
Former Uchumi top managers on the spot over Sh1bn cover-up The revelation that Uchumi Supermarkets manipulated financial statements to the tune of Sh1.04 billion has put former senior managers including ex-chief executive Jonathan Ciano on the spot. Uchumi has announced that the former management had…
Closing Bell: East African Portland Cement Company Top Gainer as Uchumi Supermarket Limited Declines
East African Portland Cement Company Top Gainer as Uchumi Supermarket Limited Declines East African Portland Cement Company (PORT) was the top gainer of the day. It gained 9.64% to close at KES 45.50 which was a KES 4.00 gain in share price. Uchumi Supermarket Limited (UCHM) was the top loser…
Uchumi battles to recover Sh2bn from landlords
Uchumi battles to recover Sh2bn from landlords Uchumi had committed to open more than 20 outlets in Kenya in the mid-term and had reserved space in malls such as Centum-owned Two Rivers, Sarit Centre, Lake Basin Mall in Kisumu and Kenyatta University’s Unicity. The payments now…
NBK net income more than doubles
NBK net income more than doubles The National Bank of Kenya has announced a more than double growth in net earnings for the nine months to September to Sh2.3 billion from Sh1 billion the same period last year. The group’s total interest income of rose to Sh9.75 billion…
Closing Bell:East African Portland Cement Company Top Gainer as Atlas Development and Support Services Ltd Declines
East African Portland Cement Company Top Gainer as Atlas Development and Support Services Ltd Declines East African Portland Cement Company (PORT) was the top gainer of the day. It gained 10% to close at KES 44.00 which was a KES 4.00 gain in share price. Atlas Development and Support Services…
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