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…
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…
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