NSE brings six banks on board ahead of derivatives market launch
NSE brings six banks on board ahead of derivatives market launch The Nairobi Securities Exchange (NSE) has signed up six commercial banks to act as clearing members ahead of the upcoming trade in derivatives. NSE said the banks have been brought on to handle the Central…
Closing Bell: Williamson Tea Kenya Limited Top Gainer as Kapchorua Tea Company Ltd Declines
Williamson Tea Kenya Limited Top Gainer as Kapchorua Tea Company Ltd Declines Williamson Tea Kenya Limited (WTK) was the top gainer of the day. It gained 8.82% to close at KES 185.00 which was a KES 15.00 gain in share price. Kapchorua Tea Company Ltd (KAPC) was the top loser…
Equity scales up security for its online, phone banking
Equity scales up security for its online, phone banking Equity Bank has entered into an agreement with a South Africa-based authentication firm, Entersekt, to strengthen security of its online and mobile phone based services as it seeks to deepen its presence in digital banking. Equity Bank…
Closing Bell: East African Cables Limited Top Gainer as Sasini Ltd Declines
East African Cables Limited Top Gainer as Sasini Ltd Declines East African Cables Limited (CABL) was the top gainer of the day. It gained 9.39% to close at KES 9.90 which was a KES 0.85 gain in share price. Sasini Ltd (SASN) was the top loser of the day. It…
KQ says it’s yet to receive pilots’ go-slow notice as 7-day quit ultimatum looms
KQ says it’s yet to receive pilots’ go-slow notice as 7-day quit ultimatum looms The pilots on January 20 gave KQ’s chief executive and directors a week to quit failure to which they would commence unspecified action. KQ’s chief executive officer Mbuvi Ngunze on Monday said…
Closing Bell: Olympia Capital Holdings Ltd Top Gainer as Longhorn Publishers Limited Declines
Olympia Capital Holdings Ltd Top Gainer as Longhorn Publishers Limited Declines Olympia Capital Holdings Ltd (OCH) was the top gainer of the day. It gained 9.76% to close at KES 4.50 which was a KES 0.40 gain in share price. Longhorn Publishers Limited (LKL) was the top loser of the…
Centum to build 12MW plants for Two Rivers Mall
Centum to build 12MW plants for Two Rivers Mall Centum Investment is constructing solar and diesel power plants that will generate 12 megawatts (MW) of electricity to power its Two Rivers Development, a real estate project that is designed to host the largest shopping mall in…
Closing Bell: East African Cables Limited Top Gainer as Umeme Limited Declines
East African Cables Limited Top Gainer as Umeme Limited Declines East African Cables Limited (CABL) was the top gainer of the day. It gained 9.89% to close at KES 10.00 which was a KES 0.90 gain in share price. Umeme Limited (UMME) was the top loser of the day. It…
Eveready East Africa Ltd Results for the Year Ended 30th Sept 2015
Group Revenue reduced for the year 2015 from Kshs.1.22B to Kshs.1.19Bn. The Group recorded a loss of Kshs.78million which was an 58% improvement from the previous year. Most of this according to the comments of results was attributed by the Kenyan shilling depreciating against the dollar for the year 2015…
Barclays starts trading at NSE with its revived investment unit
Barclays starts trading at NSE with its revived investment unit Barclays Bank has re-activated its investment banking business on growing demand for brokerage services especially from foreign investors. The Barclays Financial Services will offer a whole suit of services such as advisory on mergers and acquisitions,…
Closing Bell: Eveready East Africa Limited Top Gainer as Longhorn Publishers Limited Declines
Eveready East Africa Limited Top Gainer as Longhorn Publishers Limited Declines Eveready East Africa Limited (EVRD) was the top gainer of the day. It gained 9.09% to close at KES 3.00 which was a KES 0.25 gain in share price. Longhorn Publishers Limited (LKL) was the top loser of the…
Uchumi changes tack on sale of assets after receiving low offers
Uchumi changes tack on sale of assets after receiving low offers Retail chain Uchumi Supermarkets has changed tack on its ongoing sale of assets, preferring to only dispose part of the land on which the flagship Ngong Road branch is built and part-lease the Lang’ata Hyper…
Closing Bell: Unga Group Limited Top Gainer as TPS Eastern Africa Limited (Serena Hotels) Declines
Unga Group Limited Top Gainer as TPS Eastern Africa Limited (Serena Hotels) Declines Unga Group Limited (UNGA) was the top gainer of the day. It gained 9.38% to close at KES 35.00 which was a KES 3.00 gain in share price. TPS Eastern Africa Limited (Serena Hotels) (TPSE) was the…
KQ sends finance boss home, retires fleet chief
KQ sends finance boss home, retires fleet chief National carrier Kenya Airways on Tuesday sent home its long-serving finance director, Alex Mbugua, in what was seen as part of a broader initiative to turn around the fortunes of the loss-making company […]…
Closing Bell: Flame Tree Group Holdings Limited Top Gainer as Longhorn Publishers Limited Declines
Flame Tree Group Holdings Limited Top Gainer as Longhorn Publishers Limited Declines Flame Tree Group Holdings Limited (FTGH) was the top gainer of the day. It gained 6.43% to close at KES 7.45 which was a KES 0.45 gain in share price. Longhorn Publishers Limited (LKL) was the top loser…
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