An update on how companies listed on the Nairobi Securities Exchange (NSE) have performed as at 12.30pm today. The winners Transcentury Limited (TCL), Unga Group (UNGA), British American Tobacco Kenya (BAT), Eveready East Africa (…
CBK special units to audit 3 large banks Central Bank of Kenya (CBK) is setting up special supervision units for Kenyan banks with regional subsidiaries to identify the risks. The International Monetary Fund (IMF) says fast expansion of banks into the region has brought fresh risks as regulation in some…
The Nairobi Securities exchange (NSE) was unfazed by the trial of Kenya’s president Uhuru Kenyatta at the International Criminal Court. Mr Kenyatta was today attending a status conference at the Hague based court where he is facing charges of crimes against humanity. The…
An update on how companies listed on the Nairobi Securities Exchange (NSE) have performed as at noon today. The winners Eveready East Africa Limited, Olympia Capital Holdings,Kenya Orchards, Unga Group and Total Kenya are the companies whose share price had appreciated the most. Eveready and Olympia…
CIC Corporate Bond gets 211% subscription The CIC Insurance Group Corporate Bond has been oversubscribed by 111 percent raising a sum of Sh6.34 billion from the initial target of Sh3 billion. The group’s Managing Director Nelson Kuria said the subscription was from across all market segments among them local institutional…
The winners The price of Eaagads Limited rose 9.52% to make it the top gainer at the Nairobi Securities Exchange. 10,200 shares of the coffee grower changed hands today. Olympia Capital Limited continued its strong morning performance to end the day 9.09% up…
An update on how companies listed on the Nairobi Securities Exchange (NSE) have performed as at 12.00pm today The winners Olympia Capital Holdings, Eaagads, Express Kenya limted, Kakuzi and Sasini are the companies whose share price has appreciated the most in the morning. The losers…
Ecobank unveils plan, promises to strengthen presence in Kenya Pan-African lender Ecobank plans to wind down its expansion strategy across Africa and focus on existing businesses, especially in Nigeria, Ghana, Angola and Kenya, its Chief Executive Officer Albert Essien said. “These four countries together are very important to the future…
The winners At the close of the market today BOC Kenya limited, Olympia Capital Holdings, Williamson Tea Kenya Limited, Kenya Orchards and East African Portland Cement are the companies whose share price appreciated the most. Nevertheless, only 500 Kenya Orchards shares changed hands today, whereas only…
Co-operative Bank of Kenya (COOP) announced last week but one that they were hiring global consulting firm, McKinsey & Company, for advice on improving operational efficiency. Investors took notice. Cooperative bank’s shares have risen by over 10% in the last two weeks, from KES 19.35 as…
An update on how companies listed on the Nairobi Securities Exchange (NSE) have performed as at 11.00 am this morning. The winners BOC Kenya limited, Olympia Capital Holdings, East African Portland Cement, TPS Serena and Marshals East Africa are the companies whose share price has appreciated…
East African Community ministers order telcos to agree on terms to reduce tarrifs Mobile phone operators across the East African region must agree on terms to reduce international and roaming tariffs to lower the cost of doing business in the region, three ICT ministers from Rwanda, Kenya and Uganda have…
The winners The price of Limuru Tea rose 9.66% to make it the top gainer at the Nairobi Securities Exchange. However only 300 Limuru shares changed hands in one transaction at 10.54 am today. Olympia Capital Limited continued its strong morning performance…
Safaricom‘s plan for its customers visiting Rwanda from this October to make local calls at KES 10 a minute have hit a snag. The Rwandan government has imposed a 30% tax on cross-border call charges in what appears to be backtracking on a…
An update on how companies listed on the Nairobi Securities Exchange (NSE) have performed as at 11.00 am this morning. The winners Limuru Tea, Olympia Capital Holdings, Total Kenya, Unga Group and Kapchorua Tea are the companies whose share price has appreciated the most…