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…
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…
1
