KQ pilots lose bid to stop sale of planes
KQ pilots lose bid to stop sale of planes National carrier Kenya Airways (KQ) has won a court battle to sell part of its fleet despite protests from pilots who fear the disposal could render them jobless. High Court judge Monicah Mbaru has…
Closing Bell: Eveready East Africa Limited Top Gainer as Standard Group Limited Declines
Eveready East Africa Limited Top Gainer as Standard Group Limited Declines Eveready East Africa Limited (EVRD) was the top gainer of the day. It gained 10% to close at KES 3.30 which was a KES 0.30 gain in share price. Standard Group Limited (SGL) was the top loser of the…
Power blackout costs Nairobi bourse millions in stock trade
Power blackout costs Nairobi bourse millions in stock trade Trading at the Nairobi Securities Exchange (NSE) was halted Tuesday for more than three hours after a power outage, resulting in low trade volumes. The number of shares traded fell to 3,249,900 compared with 13,723,900 in the…
Closing Bell: Nairobi Securities Exchange Limited Top Gainer as Liberty Kenya Holdings Limited Declines
Nairobi Securities Exchange Limited Top Gainer as Liberty Kenya Holdings Limited Declines Nairobi Securities Exchange Limited (NSE) was the top gainer of the day. It gained 7.32% to close at KES 22.00 which was a KES 1.50 gain in share price. Liberty Kenya Holdings Limited (CFCI) was the top loser…
Diaspora remittances rise to Sh14bn in August on weak shilling
Diaspora remittances rise to Sh14bn in August on weak shilling Kenyans working in the diaspora sent home Sh14 billion in August as they sought to take advantage of the weak shilling. Diaspora remittances increased by 3.2 per cent to Sh14 billion compared to Sh12.9 billion sent…
Closing Bell: Express Kenya Limited Top Gainer as Sasini Ltd Declines
Express Kenya Limited Top Gainer as Sasini Ltd Declines Express Kenya Limited (XPRS) was the top gainer of the day. It gained 9.52% to close at KES 4.60 which was a KES 0.40 gain in share price. Sasini Ltd (SASN) was the top loser of the day. It had a…
Insurance sector sinks into losses in first half of year
Insurance sector sinks into losses in first half of year The insurance sector posted underwriting loss in general business in the six months to June following a spike in claims in the motor and medical classes. The insurance sector recorded a loss of Sh104 million in…
Airtel’s Sh2.1bn licence renewal fee splits CA board
Airtel’s Sh2.1bn licence renewal fee splits CA board Telecommunications firm Airtel’s quest to get its frequency licence renewed without paying the required Sh2.1 billion fee has split the Communication Authority Kenya (CA) board, adding a new dimension to the seven months battle to get Kenya’s second-largest operator…
Closing Bell: Olympia Capital Holdings Ltd Top Gainer as Uchumi Supermarket Limited Declines
Olympia Capital Holdings Ltd Top Gainer as Uchumi Supermarket Limited Declines Olympia Capital Holdings Ltd (OCH) was the top gainer of the day. It gained 9.2% to close at KES 4.75 which was a KES 0.40 gain in share price. Uchumi Supermarket Limited (UCHM) was the top loser of the…
EABL up for earnings boost from bottling unit disposal
EABL up for earnings boost from bottling unit disposal Beer maker East African Breweries Limited’s (EABL) earnings this year are set to get a major boost following conclusion of the sale of its glass bottle manufacturing subsidiary. The brewer Thursday announced that the sale of Central…
Closing Bell: Total Kenya Ltd Top Gainer as Kenya Commercial Bank Ltd Declines
Total Kenya Ltd Top Gainer as Kenya Commercial Bank Ltd Declines Total Kenya Ltd (TOTL) was the top gainer of the day. It gained 4.44% to close at KES 20.00 which was a KES 0.85 gain in share price. Kenya Commercial Bank Ltd (KCB) was the top loser of the…
CMA gears up for launch of derivatives exchange
CMA gears up for launch of derivatives exchange The Capital Markets Authority (CMA) is stepping up preparations for the introduction of an exchange for derivatives, which are used for hedging risk. The CMA has partnered with the Dubai Financial Services Authority to train local players on…
Closing Bell: Crown Paints Kenya Limited Top Gainer as Atlas Development and Support Services Ltd Declines
Crown Paints Kenya Limited Top Gainer as Atlas Development and Support Services Ltd Declines Crown Paints Kenya Limited (BERG) was the top gainer of the day. It gained 8.2% to close at KES 66.00 which was a KES 5.00 gain in share price. Atlas Development and Support Services Ltd (ADSS)…
Mumias doubles full year loss to Sh6 billion on low revenues
Mumias doubles full year loss to Sh6 billion on low revenues Mumias Sugar financial woes deepened after the miller doubled its loss before tax to Sh6.31 billion in the year ended June 2015 from Sh3.41 billion. The sugar miller’s full-year after tax loss increased from Sh2.7…
Closing Bell: TPS Eastern Africa Limited (Serena Hotels) Top Gainer as Kakuzi Limited Declines
TPS Eastern Africa Limited (Serena Hotels) Top Gainer as Kakuzi Limited Declines TPS Eastern Africa Limited (Serena Hotels) (TPSE) was the top gainer of the day. It gained 9.73% to close at KES 31.00 which was a KES 2.75 gain in share price. Kakuzi Limited (KUKZ) was the top loser…
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