CA imposes stiffer penalty for poor telecom services
CA imposes stiffer penalty for poor telecom services The Communications Authority of Kenya (CA) board has set 0.2 per cent of the annual gross turnover as the penalty for telecommunication firms that offer substandard services, setting the companies up for heavier fines […]…
Closing Bell: ARM Cement Limited Top Gainer as National Bank Of Kenya Ltd Declines
ARM Cement Limited Top Gainer as National Bank Of Kenya Ltd Declines ARM Cement Limited (ARM) was the top gainer of the day. It gained 9.76% to close at KES 45.00 which was a KES 4.00 gain in share price. National Bank Of Kenya Ltd (NBK) was the top loser…
Safaricom hands over CCTV system to police this week
Safaricom hands over CCTV system to police this week Safaricom is set to hand over the national surveillance system to the government this week after the completion of the project in Nairobi and Mombasa. The telecoms operator said the government would use the infrastructure at no…
UAP Life loss eats into Old Mutual capital injection
UAP Life loss eats into Old Mutual capital injection UAP Life has sunk deeper in the red with Sh453 million loss in the ten months to October, wiping out recent capital injections by South Africans and earning a downgrade of its credit outlook. South African rating…
Closing Bell: Mumias Sugar Company Ltd Top Gainer as Atlas Development and Support Services Ltd Declines
Mumias Sugar Company Ltd Top Gainer as Atlas Development and Support Services Ltd Declines Mumias Sugar Company Ltd (MSC) was the top gainer of the day. It gained 10% to close at KES 1.65 which was a KES 0.15 gain in share price. Atlas Development and Support Services Ltd (ADSS)…
Barclays Bank Kenya 2015 Q3 Results
Barclays Bank Kenya reported a profit of KES 6.40 billion for the nine months ended September 2015. This was a 2.68% increase compared to Q3 2014 profit of KES 6.23 billion. Customer deposits grew by 4.33% to KES 159.45 billion from KES 152.83 reported in September…
Closing Bell: WPP Scangroup Limited Top Gainer as Atlas Development and Support Services Ltd Declines
WPP Scangroup Limited Top Gainer as Atlas Development and Support Services Ltd Declines WPP Scangroup Limited (SCAN) was the top gainer of the day. It gained 8.91% to close at KES 27.50 which was a KES 2.25 gain in share price. Atlas Development and Support Services Ltd (ADSS) was the…
CBK suspends licensing of commercial banks
CBK suspends licensing of commercial banks Central Bank of Kenya (CBK) has in a shock move slapped a moratorium on licensing new commercial banks throwing off balance the entry of Dubai Islamic Bank and the planned conversion of Unaitas Sacco. The moratorium is likely to force…
Closing Bell: Home Afrika Ltd Top Gainer as Atlas Development and Support Services Ltd Declines
Home Afrika Ltd Top Gainer as Atlas Development and Support Services Ltd Declines Home Afrika Ltd (HAFR) was the top gainer of the day. It gained 3.85% to close at KES 1.35 which was a KES 0.05 gain in share price. Atlas Development and Support Services Ltd (ADSS) was the…
KRA, Unilever Tea in Sh1.8bn tax battle
KRA, Unilever Tea in Sh1.8bn tax battle The Kenya Revenue Authority (KRA) is locked in a multibillion-shilling tax battle with Unilever Tea Kenya where it is seeking unpaid taxes dating back to the start the millennium. Unilever has however countered the KRA’s claims that the tea…
Closing Bell: Liberty Kenya Holdings Limited Top Gainer as TransCentury Limited Declines
Liberty Kenya Holdings Limited Top Gainer as TransCentury Limited Declines Liberty Kenya Holdings Limited (CFCI) was the top gainer of the day. It gained 7.45% to close at KES 18.75 which was a KES 1.30 gain in share price. TransCentury Limited (TCL) was the top loser of the day. It…
Williamson Tea Kenya 2015 Half-year Results
Williamson Tea profit grew by 126% to KES 380.67 million, up from KES 168.29 million in September 2014. Weak Kenyan shilling and implementation of cost control measures boosted the growth in profit. The company’s turnover rose by 21.81% to KES 1.53 billion compared to KES 1.26 billion reported in September…
Kapchorua Tea 2015 Half-year Results
Kapchorua Tea’s half-year profit increased by 110.45% to KES 100.41 million compared to KES 47.71 million which was reported in September 2014. Weak Kenyan shilling and implementation of cost control measures boosted the growth in profit. The company’s turnover slightly dipped by 0.02% to KES 525.74 million compared to KES…
Equity gains Sh30bn in a month as small banks lose deposits
Equity gains Sh30bn in a month as small banks lose deposits Equity Bank management says it has grown its deposit base by Sh30 billion in the last month riding on shift of deposits from small banks. Small banks have suffered loss of deposits since last month…
Closing Bell: Eaagads Limited Top Gainer as Kenya Airways Limited Declines
Eaagads Limited Top Gainer as Kenya Airways Limited Declines Eaagads Limited (EGAD) was the top gainer of the day. It gained 10% to close at KES 27.50 which was a KES 2.50 gain in share price. Kenya Airways Limited (KQ) was the top loser of the day. It had a…
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