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…
Closing Bell: Unga Group Limited Top Gainer as Kapchorua Tea Company Ltd Declines
Unga Group Limited Top Gainer as Kapchorua Tea Company Ltd Declines Unga Group Limited (UNGA) was the top gainer of the day. It gained 7.14% to close at KES 37.50 which was a KES 2.50 gain in share price. Kapchorua Tea Company Ltd (KAPC) was the top loser of the…
Nairobi bourse plans platform for trading in carbon credits
Nairobi bourse plans platform for trading in carbon credits Nairobi Securities Exchange (NSE) plans to set up a carbon-tracing board for Kenyan companies with carbon credits to sell to foreign countries and manufacturers. Power generators, petrochemical firms, steel producers, car makers, electro-mechanical firms and airlines from…
Closing Bell: Express Kenya Limited Top Gainer as Kapchorua Tea Company Ltd Declines
Express Kenya Limited Top Gainer as Kapchorua Tea Company Ltd Declines Express Kenya Limited (XPRS) was the top gainer of the day. It gained 10% to close at KES 4.40 which was a KES 0.40 gain in share price. Kapchorua Tea Company Ltd (KAPC) was the top loser of the…
Negative net-worth to stalk KQ investors for 4 years
Negative net-worth to stalk KQ investors for 4 years Kenya Airways shareholders are likely to be stuck with a negative net-worth position for the next four years even if the company’s profit position recovers under the restructuring, analysts at Genghis Capital say. KQ is yet to…
Closing Bell: East African Cables Limited Top Gainer as Kapchorua Tea Company Ltd Declines
East African Cables Limited Top Gainer as Kapchorua Tea Company Ltd Declines East African Cables Limited (CABL) was the top gainer of the day. It gained 9.44% to close at KES 9.85 which was a KES 0.85 gain in share price. Kapchorua Tea Company Ltd (KAPC) was the top loser…
Bamburi earns Sh1bn from cement supplies to rail contractor
Bamburi earns Sh1bn from cement supplies to rail contractor Bamburi Cement says it has earned Sh1 billion from supply of cement to the standard gauge railway (SGR) contractor, making it one of the biggest gainers from the ongoing construction of the Mombasa-Nairobi line. Bamburi is among…
CFC Stanbic, BOC Kenya chief executives resign
CFC Stanbic, BOC Kenya chief executives resign The CEOs of Nairobi Securities Exchange-listed firms CfC Stanbic Holdings and BOC Kenya Ltd have resigned, leaving their firms with the task of hiring their replacements. CfC’s chief executive Kitili Mbathi resigned Friday and has been…
Closing Bell: Pan Africa Insurance Company Ltd Top Gainer as Limuru Tea Company Limited Declines
Pan Africa Insurance Company Ltd Top Gainer as Limuru Tea Company Limited Declines Pan Africa Insurance Company Ltd (PAFR) was the top gainer of the day. It gained 7.27% to close at KES 59.00 which was a KES 4.00 gain in share price. Limuru Tea Company Limited (LIMT) was the…
EABL half-year profit hits Sh7.7bn on land, bottle plant sale
EABL half-year profit hits Sh7.7bn on land, bottle plant sale The sale of land and a glass bottle manufacturing subsidiary has boosted East African Breweries Limited’s half-year net profit by over two-thirds to Sh7.7 billion, making up for currency losses at its South Sudan business. EABL’s…
Closing Bell: I&M Holdings Ltd Top Gainer as Kapchorua Tea Company Ltd Declines
I&M Holdings Ltd Top Gainer as Kapchorua Tea Company Ltd Declines I&M Holdings Ltd (I&M) was the top gainer of the day. It gained 9.09% to close at KES 108.00 which was a KES 9.00 gain in share price. Kapchorua Tea Company Ltd (KAPC) was the top loser of the…
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