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)…
Equitel loans hit Sh4bn, says Equity Bank
Equitel loans hit Sh4bn, says Equity Bank Loans borrowed from Equitel mobile money have hit Sh4 billion since its launch, underlining the vast potential of mobile banking in the country. Equity Bank CEO James Mwangi said an average Sh5,000 is borrowed daily, with most borrowers using…
Closing Bell: Pan Africa Insurance Company Ltd Top Gainer as Sasini Ltd Declines
Pan Africa Insurance Company Ltd Top Gainer as Sasini Ltd Declines Pan Africa Insurance Company Ltd (PAFR) was the top gainer of the day. It gained 10% to close at KES 66.00 which was a KES 6.00 gain in share price. Sasini Ltd (SASN) was the top loser of the…
Uchumi shuts down Syokimau Railway branch
Uchumi shuts down Syokimau Railway branch Retail Chain Uchumi Supermarkets has shut down one of its outlets along Mombasa Road citing poor location. The move is part of the retailer’s reorganisation expected to cut costs and drive it back to profitability. The branch was shut down…
Closing Bell: Kakuzi Limited Top Gainer as Pan Africa Insurance Company Ltd Declines
Kakuzi Limited Top Gainer as Pan Africa Insurance Company Ltd Declines Kakuzi Limited (KUKZ) was the top gainer of the day. It gained 9.76% to close at KES 326.00 which was a KES 29.00 gain in share price. Pan Africa Insurance Company Ltd (PAFR) was the top loser of the…
CBK steps into Safaricom, Equity duel
CBK steps into Safaricom, Equity duel The Central Bank of Kenya has waded into the tag of war between banks and mobile money transfer platforms with a proposal to harmonize transaction charges. Through the 2011 National Payment System Act, the regulator is setting up a payment…
Closing Bell: Uchumi Supermarket Limited Top Gainer as Atlas Development and Support Services Ltd Declines
Uchumi Supermarket Limited Top Gainer as Atlas Development and Support Services Ltd Declines Uchumi Supermarket Limited (UCHM) was the top gainer of the day. It gained 9.5% to close at KES 9.80 which was a KES 0.85 gain in share price. Atlas Development and Support Services Ltd (ADSS) was the…
Uchumi clears Sh500 million debt to suppliers
Uchumi clears Sh500 million debt to suppliers Retail chain Uchumi Supermarkets says it has so far cleared Sh500 million debts owed to its suppliers as part of its turnaround plan that involves restocking its shelves. The retailer has in recent months suffered low supply of commodities…
Closing Bell: Car & General (Kenya) Ltd Top Gainer as Express Kenya Limited Declines
Car & General (Kenya) Ltd Top Gainer as Express Kenya Limited Declines Car & General (Kenya) Ltd (C&G) was the top gainer of the day. It gained 7.69% to close at KES 42.00 which was a KES 3.00 gain in share price. Express Kenya Limited (XPRS) was the top loser…
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