Road levy, weak shilling bring pain to Nairobi motorists
Road levy, weak shilling bring pain to Nairobi motorists City motorists will pay Sh4.06 more for a litre of petrol after the energy regulator included a raised roads levy in its review alongside changes to reflect the effects of a weaker shilling to the US dollar.
Closing Bell: National Bank Of Kenya Ltd Top Gainer as B.O.C Kenya Ltd Declines
National Bank Of Kenya Ltd Top Gainer as B.O.C Kenya Ltd Declines National Bank Of Kenya Ltd (NBK) was the top gainer of the day. It gained 9.38% to close at KES 21.00 which was a KES 1.80 gain in share price. B.O.C Kenya Ltd (BOC) was the top loser…
CAK warns Safaricom on M-Pesa fees
CAK warns Safaricom on M-Pesa fees The Competition Authority of Kenya (CAK) has ordered telecoms operator Safaricom to make public its Lipa na M-Pesa charges for businesses that levy a commission on the value of payments made through the system. Francis Wang’ombe, the CAK director-general,…
Closing Bell: Sasini Ltd Top Gainer as Crown Paints Kenya Limited Declines
Sasini Ltd Top Gainer as Crown Paints Kenya Limited Declines Sasini Ltd (SASN) was the top gainer of the day. It gained 24.33% to close at KES 18.65 which was a KES 3.65 gain in share price. Crown Paints Kenya Limited (BERG) was the top loser of the day. It…
Kenya Power in 70MW energy deal with Obama initiative-funded firm
Kenya Power in 70MW energy deal with Obama initiative-funded firm Kenya Power has signed a 70-megawatt power purchase agreement (PPA) with a company that is partly funded by US President Barack Obama’s Power Africa initiative, boosting the country’s goal of adding 5,000MW to the installed capacity…
Closing Bell: Express Kenya Limited Top Gainer as Marshalls (E.A) Ltd Declines
Express Kenya Limited Top Gainer as Marshalls (E.A) Ltd Declines Express Kenya Limited (XPRS) was the top gainer of the day. It gained 9.78% to close at KES 5.05 which was a KES 0.45 gain in share price. Marshalls (E.A) Ltd (MASH) was the top loser of the day. It…
M-Shwari clients to get mobile medical consultation services
M-Shwari clients to get mobile medical consultation services The Commercial Bank of Africa (CBA) has partnered with an international mobile-health provider to offer its more than 11 million M-Shwari customers medical consultation services on their phones. Under the partnership the m-Health service provider Hello Doctor, a subsidiary of Metropolitan…
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…
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