TransCentury to embark on fundraising
TransCentury to embark on fundraising NSE-listed Investment firm TransCentury plans to raise funds to finance its projects in the next six months, the company’s board has announced. The firm wants cash to refinance the Sh5.8billion (USD 56.8m) convertible bonds that are due on March 25 next…
Closing Bell: Jubilee Holdings Limited Top Gainer as Home Afrika Ltd Declines
Jubilee Holdings Limited Top Gainer as Home Afrika Ltd Declines Jubilee Holdings Limited (JUB) was the top gainer of the day. It gained 9.82% to close at KES 425.00 which was a KES 38.00 gain in share price. Home Afrika Ltd (HAFR) was the top loser of the day. It…
Uchumi reveals Sh2.4bn drain by closed outlets
Uchumi reveals Sh2.4bn drain by closed outlets Uchumi Supermarkets’ regional subsidiaries cost the retailer Sh2.4 billion in cash injection every year but returned losses for the past five years leading to their closure this week. Uchumi says it has consistently pumped Sh200 million a month into…
Closing Bell: WPP Scangroup Limited Top Gainer as Jubilee Holdings Limited Declines
WPP Scangroup Limited Top Gainer as Jubilee Holdings Limited Declines WPP Scangroup Limited (SCAN) was the top gainer of the day. It gained 9.78% to close at KES 25.25 which was a KES 2.25 gain in share price. Jubilee Holdings Limited (JUB) was the top loser of the day. It…
Seven bank stocks touch one-year low at NSE trading
Seven bank stocks touch one-year low at NSE trading Seven banking counters at the Nairobi Securities Exchange (NSE) on Wednesday touched a one-year low as the market responded to the sudden closure of Imperial Bank leading to the indicative NSE 20 share index dropping to levels…
KRA sues Airtel for Sh531 million fifteen-year claim
KRA sues Airtel for Sh531 million fifteen-year claim The Kenya Revenue Authority (KRA) is pursuing Airtel Kenya for Sh531 million taxes it claims the telco owes from its first two years of operation in Kenya. KRA says the amount arose from Airtel’s $55 million (Sh5.6 billion)…
Closing Bell: Olympia Capital Holdings Ltd Top Gainer as Atlas Development and Support Services Ltd Declines
Olympia Capital Holdings Ltd Top Gainer as Atlas Development and Support Services Ltd Declines Olympia Capital Holdings Ltd (OCH) was the top gainer of the day. It gained 8.89% to close at KES 4.90 which was a KES 0.40 gain in share price. Atlas Development and Support Services Ltd (ADSS)…
Closing Bell: Kenya Electricity Generating (Kengen) Company Ltd Top Gainer as Atlas Development and Support Services Ltd Declines
Kenya Electricity Generating (Kengen) Company Ltd Top Gainer as Atlas Development and Support Services Ltd Declines Kenya Electricity Generating (Kengen) Company Ltd (KEGN) was the top gainer of the day. It gained 12.05% to close at KES 9.30 which was a KES 1.00 gain in share price. Atlas Development and…
KenGen ups dividend payout as profit jumps threefold to Sh11.5bn
KenGen ups dividend payout as profit jumps threefold to Sh11.5bn Kenya Electricity Generating Company (KenGen) has raised its dividend payout by 62.5 per cent after recording a threefold jump in net profit in the year ended June, powered by increased sales and a tax credit. KenGen’s…
Closing Bell: Olympia Capital Holdings Ltd Top Gainer as Jubilee Holdings Limited Declines
Olympia Capital Holdings Ltd Top Gainer as Jubilee Holdings Limited Declines Olympia Capital Holdings Ltd (OCH) was the top gainer of the day. It gained 3.33% to close at KES 4.65 which was a KES 0.15 gain in share price. Jubilee Holdings Limited (JUB) was the top loser of the…
Investors lose Sh300bn in NSE’s ten-month bear run
Investors lose Sh300bn in NSE’s ten-month bear run Investors in firms listed on the Nairobi Securities Exchange (NSE) have lost Sh300 billion since the beginning of the year following a slump that has seen the main index drop to a three-year low. The NSE 20 share…
KQ has drawn down half of its Sh20bn Afrexim bank loan
KQ has drawn down half of its Sh20bn Afrexim bank loan Loss-making Kenya Airways has drawn down half of a Sh20 billion ($200 million) bridging loan from Afrexim bank and expects the next tranche in two weeks, its chief executive said on Friday. Mbuvi Ngunze told…
Closing Bell: Express Kenya Limited Top Gainer as Liberty Kenya Holdings Limited Declines
Express Kenya Limited Top Gainer as Liberty Kenya Holdings Limited Declines Express Kenya Limited (XPRS) was the top gainer of the day. It gained 8.33% to close at KES 4.55 which was a KES 0.35 gain in share price. Liberty Kenya Holdings Limited (CFCI) was the top loser of the…
Weak shilling lifts central bank’s profit to Sh48bn
Weak shilling lifts central bank’s profit to Sh48bn CBK made a Sh7.3 billion profit from ordinary operations compared to the Sh751 million loss it reported last year. A weak shilling also boosted the CBK’s operating profits mainly arising from forex gains made from sale of dollars…
Closing Bell: Liberty Kenya Holdings Limited Top Gainer as Bamburi Cement Limited Declines
Liberty Kenya Holdings Limited Top Gainer as Bamburi Cement Limited Declines Liberty Kenya Holdings Limited (CFCI) was the top gainer of the day. It gained 10% to close at KES 22.00 which was a KES 2.00 gain in share price. Bamburi Cement Limited (BAMB) was the top loser of the…
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