Closing Bell: Kenya Airways Limited Top Gainer as Eveready East Africa Limited Declines
Kenya Airways Limited Top Gainer as Eveready East Africa Limited Declines Kenya Airways Limited (KQ) was the top gainer of the day. It gained 10% to close at KES 6.05 which was a KES 0.55 gain in share price. Eveready East Africa Limited (EVRD) was the top loser of the…
KRA eyes taxpayers’ bank accounts
KRA eyes taxpayers’ bank accounts The Kenya Revenue Authority is set to link its automated taxpayers’ database to bank accounts of ordinary citizens in a move expected to smoke out thousands of tax evaders. The Sh765 million database known as Data Warehouse and Business Intelligence offers a single view…
Closing Bell: Kenya Airways Limited Top Gainer as TPS Eastern Africa Limited (Serena Hotels) Declines
Kenya Airways Limited Top Gainer as TPS Eastern Africa Limited (Serena Hotels) Declines Kenya Airways Limited (KQ) was the top gainer of the day. It gained 9.52% to close at KES 5.75 which was a KES 0.50 gain in share price. TPS Eastern Africa Limited (Serena Hotels) (TPSE) was the…
Electricity users to pay more as levies hit record highs
Electricity users to pay more as levies hit record highs Consumers face a double-barrelled increments in their August power bills as after the energy regulator moved to significantly raise fuel and currency fluctuation levies. The Energy Regulatory Commission (ERC) has adjusted fuel cost on electricity consumed…
Closing Bell: Equity Group Holdings Limited Top Gainer as Sameer Africa Limited Declines
Equity Group Holdings Limited Top Gainer as Sameer Africa Limited Declines Equity Group Holdings Limited (EQTY) was the top gainer of the day. It gained 10% to close at KES 44.00 which was a KES 4.00 gain in share price. Sameer Africa Limited (FIRE) was the top loser of the…
Nation Media Group maintains dividend payout after Sh1.4bn profit
NMG maintains dividend payout after Sh1.4bn profit The Nation Media Group has announced that it will maintain an interim dividend payout of Sh2.50 per share for the half-year to June, same as the amount paid in a similar period last year. NMG’s half-year profit before tax dropped to Sh1.43 billion…
Closing Bell: Equity Group Holdings Limited Top Gainer as Flame Tree Group Holdings Limited Declines
Equity Group Holdings Limited Top Gainer as Flame Tree Group Holdings Limited Declines Equity Group Holdings Limited (EQTY) was the top gainer of the day. It gained 8.28% to close at KES 42.50 which was a KES 3.25 gain in share price. Flame Tree Group Holdings Limited (FTGH) was the…
Muthoka firm,Africa Flight Services, wins China Southern’s cargo business
Muthoka firm,Africa Flight Services, wins China Southern’s cargo business China Southern Airlines has hired a firm associated with billionaire businessman Peter Muthoka to handle its cargo business, making his company one of the biggest beneficiaries of the entry of the giant Asian carrier into Kenya. The airline is mainly targeting the…
Closing Bell: East African Portland Cement Top Gainer as Kapchorua Tea Company Declines
East African Portland Cement Top Gainer as Kapchorua Tea Company Declines East African Portland Cement Company (PORT) was the top gainer of the day. It gained 9.26% to close at KES 59.00 which was a KES 5.00 gain in share price. Kapchorua Tea Company Ltd (KAPC) was the top loser…
Safaricom, KCB shares drop pulls down exchange 11 points
Safaricom, KCB shares drop pulls down exchange 11 points Safaricom and KCB Group shares lost value for the second straight session at the Nairobi Securities Exchange Tuesday, helping nudge the market lower 11 points to a new two-and-a-half year low of 4,343. Safaricom dominated trading…
Closing Bell: Unga Group Limited Top Gainer as Kakuzi Limited Declines
Unga Group Limited Top Gainer as Kakuzi Limited Declines Unga Group Limited (UNGA) was the top gainer of the day. It gained 9.09% to close at KES 45.00 which was a KES 3.75 gain in share price. Kakuzi Limited (KUKZ) was the top loser of the day. It had a…
KQ needs Sh100bn bailout, says Standard Investment Bank analysts
KQ needs Sh100bn bailout, says Standard Investment Bank analysts National carrier Kenya Airways requires up to Sh100 billion new funding to stay afloat, Standard Investment Bank analysts have estimated. The amount is required in the form of fresh capital injection to reduce the carrier’s debt burden. KQ may also need…
Closing Bell: CIC Insurance Group Limited Top Gainer as Unga Group Limited Declines
CIC Insurance Group Limited Top Gainer as Unga Group Limited Declines CIC Insurance Group Limited (CIC) was the top gainer of the day. It gained 6.43% to close at KES 7.45 which was a KES 0.45 gain in share price. Unga Group Limited (UNGA) was the top loser of the…
Top foreign funds see returns on NSE equities drop 11pc
Top foreign funds see returns on NSE equities drop 11pc The top-five foreign mutual funds investing in Kenya have seen their returns decline by an average of 11 per cent year-to-date, a new report by consultancy PricewaterhouseCoopers shows.Investor returns have taken a hit from the…
Co-op Bank branches to issue car insurance stickers
Co-op Bank branches to issue car insurance stickers Co-operative Bank of Kenya through its Co-op Consultancy Agency will issue motor vehicle insurance stickers in all its branches. The bank says the product, launched in 2013, will be available in a maximum of 10 minutes on order.The certificates are normally printed…
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