NSE Closing Bell: Kenol Kobil Among Top Gainers While Newly Listed Flame Tree Continues Decline
At 3.10 pm today when the Nairobi Securities Exchange (NSE) closed, KenolKobil Limited (KENO) was among the top gainers. The oil marketer rose 6.63% to KES 8.85 compared to Friday’s close of KES 8.30. While newly listed Flame…
Domestic Tourism: What To Know About Small Hotels in Kenya
According to figures from the Kenya National Bureau of Statistics (KNBS), accommodation and restaurants contributed 1% to Kenya’s GDP in the first 6 months of 2014. Domestic tourism necessitates the visiting and boarding of various locations within the country. Its development is part of Kenya’s…
Monday’s Morning Brief – Nov 10
We deliver a summary of important business news in Kenya to you this morning: Family bank reports 66% jump in pre-tax profit to KES 2 billion Family Bank has posted a pre-tax profit of KES 2 billion in the last nine months compared to KES 1.2 billion posted over a similar period last…
Closing Bell: Car And General Continues NSE Gain
At 3.10 pm today when the Nairobi Securities Exchange (NSE) closed, Car And General Kenya Limited (C&G) was among the top gainers. It was up 6.36% to KES 58.50 compared to yesterday’s close of…
Today’s Morning Brief- Nov 7
We deliver a summary of important business news in Kenya to you this morning: AfDB approves US$148 million credit for Equity Bank The statement from the African Development Bank (AfDB) on Thursday said the credit is expected to further leverage Equity Bank’s capacity to deepen its lending activities to vital economic…
Baby’s Day Out: Flame Tree Group Impresses On Its First Day At The NSE
Flame Tree Group Holdings Limited (FTGH) listed today via introduction at the Nairobi Securities Exchange (NSE). Its introductory share price was KES 8.00, which rose to KES 13.00 and ended the day at KES 14.00. The company was…
Today’s Morning Brief- Nov 6
We deliver a summary of important business news in Kenya to you this morning: Equity Bank secures major Tanzania Revenue Authority tax collection deal Equity Bank Group has sealed a partnership with Tanzania Revenue Authority (TRA) allowing tax payers in the country to pay all their taxes through its network.
Closing Bell: Unga Gains While Home Afrika Slumps At The NSE
At 3.10 pm today when the Nairobi Securities Exchange (NSE) closed, Unga Group Limited (UNGA) was the top gainer. It was up 7.79% to KES 41.50 compared to yesterday’s close of KES 38.50. Since the beginning…
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)…
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