The Closing Bell: Uchumi The Biggest Mover At The NSE
At 3.10 pm today when the Nairobi Securities Exchange (NSE) closed, Uchumi Supermarkets Limited (UCHM) was the most traded share. Over 11.91 million shares of the retailer changed hands today, representing 44.9% of all shares traded.
Today’s Morning Brief- Nov 4
We deliver a summary of important business news in Kenya to you this morning: Uchumi acquires Dar supermarket in growth drive Uchumi supermarket has acquired a store in Tanzania as part of its expansion plan in that market. Chief executive Jonathan Ciano said acquisition of the outlet from Dar es…
Today’s Morning Brief- Oct 31
We deliver a summary of important business news in Kenya to you this morning: Equity Bank’s nine-month pre-tax profit jumps 25 % Equity Bank Group announced yesterday that its pre-tax profits rose by a quarter in the first nine months of the year, largely due to growth in non-interest income and…
Closing Bell: Limuru Tea Crosses 1000 Mark At The NSE
Limuru Tea Company Limited (LIMT) crossed the KES 1000 barrier today at the close of the Nairobi Securities Exchange (NSE), becoming the second company to do so after British American…
Today’s Morning Brief- Oct 30
Important business news items to note this morning: Kenya improves on ‘Ease of Doing Business’ Rankings According to the 2015 Ease of Doing Business index released by the World Bank Group earlier today, Kenya has slightly improved its ranking. This year, the World Bank also unveiled a revised ranking methodology.
The Closing Bell: Centum And Britam Gain While Total Loses At The NSE
At 3.10 pm today when the Nairobi Securities Exchange (NSE) closed, Centum Investment Company Limited (ICDC) had risen 10.00% from yesterday’s KES 60.00 to KES 66.00. British-American Investments – Britam – (…
Today’s Morning Brief
News items you should note this morning: Suppliers on the spot as KRA re-introduces withholding tax Kenya has re-introduced the withholding value added tax in a move seen as targeted at the thousands of suppliers to government that have evaded the tax since September last year. The Kenya Revenue Authority (KRA)…
Closing Bell: Britam And Centum Among Top Gainers At The NSE
At 3.10 pm today when the Nairobi Securities Exchange (NSE) closed: The winners: British-American Investments -Britam- (BRIT), Centum Investment Company Limited (…
5 Things You Should Know This Morning – Oct 28
Kenyan shilling steady; KenGen drags shares lower again The Nairobi Securities Exchange’s main NSE-20 Share Index fell 23.27 points or 0.45% to 5,174.41 points. KenGen, which last week reported a 46% drop in after-tax earnings and slashed its dividend, closed 4.8% lower at KES 10.95 a share. On the foreign exchange market,…
Kenya Orchards Share Price Mystery
In the last year, Kenya Orchards (ORCH) share price has gone from Kshs 4.75 to Kshs 175, a 3,500% gain via small trading volumes of about 1,000 per day (The company has 12.8 million shares issued). 100 is the minimum number…
5 Things You Should Know This Morning – Oct 27
Gov’t To Allow Sugar Importation To End Shortage Speaking during a prayers’ day for standard eight KCPE candidates at Kapsabet highlands school in Nandi County, Agriculture Cabinet Secretary Felix Koskei said that the sugar shortage was caused by the closing down of Mumias Sugar Company and West Kenya sugar factories for maintenance.
The Closing Bell: KenGen’s 46% Profit Decline Makes It NSE Top Loser
At 3.10 pm today when the Nairobi Securities Exchange (NSE) closed Kenya Electricity Generating Company -Kengen- (KEGN) had fallen 17.37% from yesterday’s KES 12.95 to KES 10.70. KenGen released its end of year results posting …
5 Things You Should Know This Morning – Oct 24
Low cost Kenya made car goes on sale at KES 950,000 A Kenyan-made vehicle that is designated as Africa’s cheapest car has hit the showrooms, bringing to reality the dream of an entrepreneur who designed it four years ago. The car, which trades under the brand name Mobius, entered the showrooms…
The Closing Bell: Kenya Power’s 88% Profit Rise Makes It NSE Top Gainer
At 3.10 pm today when the Nairobi Securities Exchange (NSE) closed The Kenya Power & Lighting Company Limited (KPLC) had risen 13.33%. The power distributor released its end of year results today posting …
Growing A Company: 5 Lessons Learnt In Hiring
A guest post by @Wanjiku I have been thinking about my mistakes and lessons in the process of growing a tech company. Staffing is probably the biggest challenge a growing company faces, along with capital. Investing in an area like tech infrastructure is challenging. You get the most skilled…
1
