EA Cables picks ex-Safaricom manager as CEO in revival bid
EA Cables picks ex-Safaricom manager as CEO in revival bid East African Cables has hired a former Safaricom manager, Peter Arina, as its chief executive. Mr Arina will be expected to revive the flagging fortunes of the cables manufacturer. The East African Cables reported 14 per…
Closing Bell: Flame Tree Group Holdings Limited Top Gainer as Kapchorua Tea Company Ltd Declines
Flame Tree Group Holdings Limited Top Gainer as Kapchorua Tea Company Ltd Declines Flame Tree Group Holdings Limited (FTGH) was the top gainer of the day. It gained 8.57% to close at KES 7.60 which was a KES 0.60 gain in share price. Kapchorua Tea Company Ltd (KAPC) was the…
CA moves to hire market dominance consultant
CA moves to hire market dominance consultant The Communications Authority of Kenya (CA) has begun the process of hiring an international firm that will examine Kenya’s telecommunication and broadcasting sectors for market dominance and anti-competitive behaviour. The CA says in Expression of Interest tender documents seen…
Barclays unveils product lab for local developers
Barclays unveils product lab for local developers Barclays bank has partnered with local developers in a programme aimed at creating innovations to improve delivery of its financial services across the globe. The programme, Barclays Kenya Product Lab will give developers access to the institution’s resources to…
Closing Bell: Standard Group Limited Top Gainer as Longhorn Publishers Limited Declines
Standard Group Limited Top Gainer as Longhorn Publishers Limited Declines Standard Group Limited (SGL) was the top gainer of the day. It gained 8.8% to close at KES 34.00 which was a KES 2.75 gain in share price. Longhorn Publishers Limited (LKL) was the top loser of the day. It…
Telcos regulator board meets on Monday over Airtel licence renewal
Telcos regulator board meets on Monday over Airtel licence renewal The board of the Communications Authority of Kenya (CA) is set to meet on Monday to discuss the renewal of Airtel Kenya’s licence, which expired seven months ago. The Monday meeting comes on the backdrop of a…
Closing Bell: Williamson Tea Kenya Limited Top Gainer as British-American Investments Company (Kenya) Ltd Declines
Williamson Tea Kenya Limited Top Gainer as British-American Investments Company (Kenya) Ltd Declines Williamson Tea Kenya Limited (WTK) was the top gainer of the day. It gained 9.82% to close at KES 369.00 which was a KES 33.00 gain in share price. British-American Investments Company (Kenya) Ltd (BRIT) was the…
Family Bank gets nod to issue Sh10bn bond in expansion plans
Family Bank gets nod to issue Sh10bn bond in expansion plans Family Bank has received approval to issue a Sh10 billion bond as it seeks to fund its expansion plan. The mid-sized lender targets to issue the first tranche of the bond at the end of…
Closing Bell: Housing Finance Group Limited Top Gainer as Williamson Tea Kenya Limited Declines
Housing Finance Group Limited Top Gainer as Williamson Tea Kenya Limited Declines Housing Finance Group Limited (HFCK) was the top gainer of the day. It gained 6.98% to close at KES 23.00 which was a KES 1.50 gain in share price. Williamson Tea Kenya Limited (WTK) was the top loser…
Telkom targets Sh1bn from assets sale across country
Telkom targets Sh1bn from assets sale across country Telkom Kenya has stepped up the sale of its assets with a listing of 17 properties across the country that are estimated to be valued at Sh1 billion. The fire sale comes at a time when Telkom Kenya’s…
Closing Bell: Uchumi Supermarket Limited Top Gainer as Nation Media Group Limited Declines
Uchumi Supermarket Limited Top Gainer as Nation Media Group Limited Declines Uchumi Supermarket Limited (UCHM) was the top gainer of the day. It gained 4.46% to close at KES 10.55 which was a KES 0.45 gain in share price. Nation Media Group Limited (NMG) was the top loser of the…
Safaricom’s share of voice market drops as Airtel, Orange gain
Safaricom’s share of voice market drops as Airtel, Orange gain Safaricom’s share of the mobile phone communications voice market has dropped by 3.8 percentage points in the past year, as the company ceded ground to rival telcos Airtel and Telkom Kenya. Industry data released by the…
Closing Bell: East African Portland Cement Company Top Gainer as TransCentury Limited Declines
East African Portland Cement Company Top Gainer as TransCentury Limited Declines East African Portland Cement Company (PORT) was the top gainer of the day. It gained 10% to close at KES 55.00 which was a KES 5.00 gain in share price. TransCentury Limited (TCL) was the top loser of the…
Russian firm sues KenGen in Sh14.4bn tender dispute
Russian firm sues KenGen in Sh14.4bn tender dispute Russian firm OJSC Power Machines has accused electricity generator KenGen of favouring a rival company competing for a Sh14.4 billion tender for the supply of geothermal power generation units to be used in the Ol Karia V…
Closing Bell: Atlas Development and Support Services Ltd Top Gainer as Nairobi Securities Exchange Limited Declines
Atlas Development and Support Services Ltd Top Gainer as Nairobi Securities Exchange Limited Declines Atlas Development and Support Services Ltd (ADSS) 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. Nairobi Securities Exchange Limited (NSE)…
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