Barclays’ parent company could sell Kenyan unit
Barclays’ parent company could sell Kenyan unit Barclays Bank Kenya could be sold by its London-based parent Barclays Plc, which is considering selling some or all of its subsidiaries in Africa. The proposed divestitures are being pushed by Barclays Plc’s new CEO Jes Staley, according to…
Closing Bell: Eaagads Limited Top Gainer as British-American Investments Company (Kenya) Ltd Declines
Eaagads Limited Top Gainer as British-American Investments Company (Kenya) Ltd Declines Eaagads Limited (EGAD) was the top gainer of the day. It gained 9.76% to close at KES 22.50 which was a KES 2.00 gain in share price. British-American Investments Company (Kenya) Ltd (BRIT) was the top loser of the…
Safaricom war with Bitcoin dealer sparks CBK warning
Safaricom war with Bitcoin dealer sparks CBK warning BitPesa is locked in an acrimonious court battle with Safaricom over the telecom operator’s decision to terminate M-Pesa payments to the platform’s gateway dubbed Lipisha Consortium. Through the BitPesa platform, users can convert bitcoin into Kenya shillings and…
Closing Bell: Nation Media Group Top Gainer as TransCentury Limited Declines
Nation Media Group Top Gainer as TransCentury Limited Declines Nation Media Group (NMG) was the top gainer of the day. It gained 8.33% to close at KES 195, which was a KES 15.00 gain in share price. TransCentury Limited (TCL) was the top loser of the day. It had a…
Safaricom value jumps ahead of next top 5 NSE firms
Safaricom value jumps ahead of next top 5 NSE firms Safaricom’s capital gain in the midst of a general price decline at the Nairobi Securities Exchange (NSE) has pushed its capitalisation ahead of the five next largest companies in the bourse. Safaricom is currently valued at…
Closing Bell: Sameer Africa Limited Top Gainer as Flame Tree Group Holdings Limited Declines
Sameer Africa Limited Top Gainer as Flame Tree Group Holdings Limited Declines Sameer Africa Limited (FIRE) was the top gainer of the day. It gained 9.86% to close at KES 3.90 which was a KES 0.35 gain in share price. Flame Tree Group Holdings Limited (FTGH) was the top loser…
Total, Shell and Kenol cede more market share to small dealers
Total, Shell and Kenol cede more market share to small dealers Kenya’s top-three oil marketing companies saw their combined market share in Kenya drop in the nine months ended September, benefiting smaller rivals such as Gulf and Nock. In the nine months ended September, Total saw…
Closing Bell: Eaagads Limited Top Gainer as Atlas Development and Support Services Ltd Declines
Eaagads Limited Top Gainer as Atlas Development and Support Services Ltd Declines Eaagads Limited (EGAD) was the top gainer of the day. It gained 9.46% to close at KES 20.25 which was a KES 1.75 gain in share price. Atlas Development and Support Services Ltd (ADSS) was the top loser…
Electricity leakages and theft cost Kenya Power Sh17bn in sales
Electricity leakages and theft cost Kenya Power Sh17bn in sales Kenya Power is losing Sh17.5 billion annually through electricity thefts and leakages from an ageing transmission network, translating to lost earnings to shareholders of the listed utility. Kenya Power managing director Ben Chumo on Thursday said the firm had channeled…
Closing Bell: Uchumi Supermarket Limited Top Gainer as Liberty Kenya Holdings Limited Declines
Uchumi Supermarket Limited Top Gainer as Liberty Kenya Holdings Limited Declines Uchumi Supermarket Limited (UCHM) was the top gainer of the day. It gained 8.07% to close at KES 8.70 which was a KES 0.65 gain in share price. Liberty Kenya Holdings Limited (CFCI) was the top loser of the…
Express Kenya CEO Hector Diniz edges closer to owning 71 per cent of its shares
Express Kenya CEO Hector Diniz edges closer to owning 71 per cent of its shares Hector Diniz is set to control 70.9 per cent of listed firm Express Kenya, where he is CEO, if a plan to convert a Sh60 million debt owed to his companies…
Mumias share price up on Comesa safeguards extension
Mumias share price up on Comesa safeguards extension Mumias Sugar Company shares at the Nairobi Securities Exchange (NSE) rose 6.7 per cent Tuesday following the extension of the Common Market for Eastern and Southern Africa (Comesa) quantitative safeguards that give a lifeline to the industry for…
Closing Bell: Flame Tree Group Holdings Limited Top Gainer as TransCentury Limited Declines
Flame Tree Group Holdings Limited Top Gainer as TransCentury Limited Declines Flame Tree Group Holdings Limited (FTGH) was the top gainer of the day. It gained 9.84% to close at KES 6.70 which was a KES 0.60 gain in share price. TransCentury Limited (TCL) was the top loser of the…
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…
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