Closing Bell: Car & General (Kenya) Ltd Top Gainer as Express Kenya Limited Declines
Car & General (Kenya) Ltd Top Gainer as Express Kenya Limited Declines Car & General (Kenya) Ltd (C&G) was the top gainer of the day. It gained 7.69% to close at KES 42.00 which was a KES 3.00 gain in share price. Express Kenya Limited (XPRS) was the top loser…
Closing Bell: Express Kenya Limited Top Gainer as Umeme Limited Declines
Express Kenya Limited Top Gainer as Umeme Limited Declines Express Kenya Limited (XPRS) was the top gainer of the day. It gained 9.88% to close at KES 4.45 which was a KES 0.40 gain in share price. Umeme Limited (UMME) was the top loser of the day. It had a…
Closing Bell: Mumias Sugar Company Ltd Top Gainer as Atlas Development and Support Services Ltd Declines
Mumias Sugar Company Ltd Top Gainer as Atlas Development and Support Services Ltd Declines Mumias Sugar Company Ltd (MSC) was the top gainer of the day. It gained 8.57% to close at KES 1.90 which was a KES 0.15 gain in share price. Atlas Development and Support Services Ltd (ADSS)…
Closing Bell: Umeme Limited Top Gainer as Jubilee Holdings Limited Declines
Umeme Limited Top Gainer as Jubilee Holdings Limited Declines Umeme Limited (UMME) was the top gainer of the day. It gained 10% to close at KES 19.25 which was a KES 1.75 gain in share price. Jubilee Holdings Limited (JUB) was the top loser of the day. It had a…
BAT and anti-tobacco lobby oppose new cigarette tax
BAT and anti-tobacco lobby oppose new cigarette tax Kenya’s largest cigarette manufacturer and an anti-tobacco lobby have closed ranks to oppose new excise tax rates they say will only reduce government revenues. The parties, who are normally on opposing sides, say Parliament’s amendment of the Excise…
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: Kapchorua Tea Company Ltd Top Gainer as Kenya Airways Limited Declines
Kapchorua Tea Company Ltd Top Gainer as Kenya Airways Limited Declines Kapchorua Tea Company Ltd (KAPC) was the top gainer of the day. It gained 10% to close at KES 242.00 which was a KES 22.00 gain in share price. Kenya Airways Limited (KQ) was the top loser of the…
Mumias goes for its former CEO to drive turnaround
Mumias goes for its former CEO to drive turnaround Mumias Sugar has hired an Australian, Eroll Johnston, as its new chief executive officer to drive turnaround of the company after receiving a Sh1 billion State bailout package. Mr Johnston’s term begins on August 1, with the…
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…
Barclays win over KRA saves banks hefty tax demand
Barclays win over KRA saves banks hefty tax demand Barclays Kenya has won a protracted legal battle with the Kenya Revenue Authority, which was demanding tax payments on fees remitted to Visa, Mastercard and American Express for electronic money transfer services […] NSE…
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