Tuskys set to open 75 shops at Shell stations
Tuskys set to open 75 shops at Shell stations Tuskys Supermarket has moved to open convenience stores at 75 Shell-branded fuel stations, operated by Vivo Energy Kenya, as part of its expansion strategy. The supermarket has already opened two such shops along Thika Road in a…
Chase Bank Q3 profit up 28 pc on increased lending
Chase Bank Q3 profit up 28 pc on increased lending Chase Bank’s net profit for the first nine months of the year grew by a third on the back of increased lending and higher earnings from fees and commissions. The mid-tier lender has announced an after-tax…
Closing Bell: Express Kenya Limited Top Gainer as Kenya Power & Lighting Co. Ltd Declines
Express Kenya Limited Top Gainer as Kenya Power & Lighting Co. Ltd Declines Express Kenya Limited (XPRS) was the top gainer of the day. It gained 8.97% to close at KES 4.25 which was a KES 0.35 gain in share price. Kenya Power & Lighting Co.
Family Bank to sell PE funds Sh15bn stake
Family Bank to sell PE funds Sh15bn stake Family Bank plans to raise as much as Sh15 billion through sale of stake to private equity (PE) firms. Family Bank shareholders will now have to create more shares to accommodate potential investors. Family Bank intends to use…
Closing Bell: Atlas Development and Support Services Ltd Top Gainer as TransCentury Limited Declines
Atlas Development and Support Services Ltd Top Gainer as TransCentury Limited Declines Atlas Development and Support Services Ltd (ADSS) was the top gainer of the day. It gained 8.82% to close at KES 3.70, which was a KES 0.30 gain in share price. TransCentury Limited (TCL) was the top loser…
KenGen approves rights issue to raise billions for energy projects
KenGen approves rights issue to raise billions for energy projects The Kenya Electricity Generation Company (KenGen) board has approved a rights issue to raise billions of shillings for its energy projects. KenGen said it would seek investors’ approval to issue up to 7.8 billion shares, reversing…
Closing Bell: Umeme Limited Top Gainer as Eaagads Limited Declines
Umeme Limited Top Gainer as Eaagads Limited Declines Umeme Limited (UMME) was the top gainer of the day. It gained 9.94% to close at KES 18.80, which was a KES 1.70 gain in share price. Eaagads Limited (EGAD) was the top loser of the day. It had a loss of…
Centum Investments 2015 Half-year Results
Centum’s half year profit grew by 55.04% to KES 1.9 billion, up from KES 1.23 billion reported in September 2014. This was boosted by a 342% increase in investment and other income to KES 8.38 billion from KES 1.90 billion reported in September 2014. The group’s…
Stanlib extends debut Reit sale by week after investors seek clarity
Stanlib extends debut Reit sale by week after investors seek clarity The sale of Stanlib Investments debut Real Estate Investment Trust (Reit) has been extended by one week after the issuer asked for more time in response to investor queries. The investment firm said fund, pension…
Closing Bell: Atlas Development and Support Services Ltd Top Gainer as Standard Group Limited Declines
Atlas Development and Support Services Ltd Top Gainer as Standard Group Limited Declines Atlas Development and Support Services Ltd (ADSS) was the top gainer of the day. It gained 8.77% to close at KES 3.10, which was a KES 0.25 gain in share price.
Safaricom out to link 2,000 more homes with fibre optic cable
Safaricom out to link 2,000 more homes with fibre optic cable Safaricom is seeking to connect 2,000 more homes to its fibre optic network by the end of the year in a bid to reduce reliance on voice business as a profit driver. Jamii Telecom’s Jamii…
Closing Bell: Carbacid Investments Limited Top Gainer as Uchumi Supermarket Limited Declines
Carbacid Investments Limited Top Gainer as Uchumi Supermarket Limited Declines Carbacid Investments Limited (CARB) was the top gainer of the day. It gained 9.70% to close at KES 16.40, which was a KES 1.45 gain in share price. Uchumi Supermarket Limited (UCHM) was the top loser of the day. It had…
Fidelity Shield downgraded to negative outlook
Fidelity Shield downgraded to negative outlook Fidelity Shield Insurance’s future outlook has been downgraded from stable to negative over weak liquidity and recently “subdued” cash flow. GCR assigned the negative grade to Fidelity Shield Insurance but retained BBB+ rate on its ability to settle claims. The…
Q3 Housing Price Index Report
In the recent released housing index report by Kenya Bankers Association, the third quarter of 2015 showed a marginal 1.26 percent increase in price, which was a relative faster increase compared to the 0.2 percent increase during the second quarter. This could be attributed to demand on some house units…
Closing Bell: Kakuzi Limited Top Gainer as Sameer Africa Limited Declines
Kakuzi Limited Top Gainer as Sameer Africa Limited Declines Kakuzi Limited (KUKZ) was the top gainer of the day. It gained 10% to close at KES 330.00, which was a KES 30.00 gain in share price. Sameer Africa Limited (FIRE) was the top loser of the day. It had a…
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