Closing Bell: Williamson Tea and Limuru Tea Top Gainers
Closing Bell: Williamson Tea and Limuru Tea Top Gainers Williamson Tea Kenya (WTK) and Limuru Tea were the top gainers at the NSE. Both gained 10.00% to close at KES 396.00 and 1045.00 respectively which were KES 36.00 and 95.00 gains in share price. British-American Investments (BRIT) was the…
Old Mutual gets approval to acquire UAP Holdings stake
Old Mutual gets approval to acquire UAP Holdings stake Old Mutual can now acquire a 37.3 per cent stake of UAP Holdings, following approval of the transaction by regulators.The acquisition is expected to hand Old Mutual a 60.7 per cent stake in UAP Holdings on completion.Old Mutual in January…
Closing Bell: Standard Group Top Gainer as Express Kenya Declines
Closing Bell: Standard Group Top Gainer as Express Kenya Declines Standard Group Limited was the top gainer at the NSE. It gained 9.70% to close the day at KES 36.75 which was a KES 3.25 gain in share price. Express Kenya Limited was the top loser…
Uchumi sends Ciano packing as it launches forensic audit
Uchumi sends Ciano packing as it launches forensic audit Uchumi Supermarkets’ board has let go of chief executive Jonathan Ciano even as it opened a forensic audit into the cash flow problems that have in recent weeks left the retail chain with empty shelves. Owino Ayodo, the general manager, operations,…
Closing Bell: Williamson Tea Kenya top Gainer of the day
Closing Bell: Williamson Tea Kenya top Gainer of the day Williamson Tea Kenya (WTK) was the top gainer at the NSE. It gained 32.08% to close the day at KES 350 which was a KES 85 gain in share price. Uchumi Supermarket Limited (UCHM) was the…
Why Britam restated its profit after declaration
Why Britam restated its profit after declaration Investment firm Britam has said the recent downward revision of its 2014 profit by Sh342.3 million came out of an erroneous accounting of its ownership of a 21.4-acre piece of land in Ngong’.Bramer Properties Limited, a fully owned Britam…
NSE welcomes pro-investor budget measures
NSE welcomes pro-investor budget measures Nairobi Securities Exchange (NSE) officials have applauded three of the measures proposed in Treasury secretary Henry Rotich’s budget statement Thursday. For example, exemption of shares from Capital Gains Tax (CGT); plans to introduce mobile-based bond purchases. Exemption from stamp duty of…
Closing Bell: NIC Bank Top Gainer as BOC Gases Declines
Closing Bell: NIC Bank Top Gainer as BOC Gases Declines NIC Bank was the top gainer at the NSE. It gained 5.88% to close the day at KES 54.00 which was a KES 3.00 gain in share price. BOC gases was the top loser with a loss of 5.51% to…
Treasury scraps controversial 5pc capital gains tax after rejection
Treasury scraps controversial 5pc capital gains tax after rejection Treasury secretary Henry Rotich has scrapped the controversial five per cent tax on the gains made from selling shares and instead introduced a 0.3 per cent withholding tax on sales value. Resistance by the Kenya Association…
Closing Bell: Standard Chartered Bank Top Gainer at the NSE
Closing Bell: Standard Chartered Bank Top Gainer at the NSE Standard Chartered Bank Kenya (SCBK) was the top gainer at the NSE. It gained 4.21% to close the day at KES 297.00 which was a KES 12.00 gain in share price. Mumias Sugar Company (MSC) was the top loser with…
Barclays Africa buys stake in First Assurance for Sh2.9bn
Barclays Africa buys stake in First Assurance for Sh2.9bn Johannesburg-based Barclays Africa is set to acquire a controlling stake in Kenya’s First Assurance for Sh2.9 billion in a transaction that opens the door for the bank’s Kenyan subsidiary to gain a foothold in the insurance market.Barclays Africa on Wednesday announced…
Closing Bell: Eaagads Limited Top Gainer as Unga Limited Declines
Closing Bell: Eaagads Limited Top Gainer as Unga Limited Declines Eaagdas limited (EGAD) was the top gainer at the NSE. It gained 10% to close the day at KES 33.00 which was a KES 3.00 gain in share price. Unga Group Limited (UNGA) was the top loser with a drop…
Uhuru rejects mobile T-bill investment
Uhuru rejects mobile T-bill investment President Uhuru Kenyatta has rejected changes to the law that would have allowed retail buyers to invest small amounts in State securities, including through mobile phones. The proposed changes to the Central Bank of Kenya Act would have forced the banks’…
Closing Bell:Unga Group Limited Top Gainer as Standard Group Declines.
Closing Bell:Unga Group Limited Top Gainer as Standard Group Declines. Unga Group Limited (UNGA) was the top gainer at the NSE. It gained 8.57% to close the day at KES 47.50 which was a KES 3.75 gain in share price. Standard Group Limited (SGL) was the top loser with a…
BAT Kenya’s share down on foreigner exits, stringent law
BAT Kenya’s share down on foreigner exits, stringent law BAT Kenya’s share has shed gains made in May as foreigners exited against a background of shilling volatility and a tougher regulatory regime which slapped a two per cent tax on local sales from last Friday.Foreign investors…
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