KPA plans Sh50m cruise terminal at Mombasa port to woo tourists The terminal will provide a place for visitors to relax on arrival and before departure.Last year only two cruise ships docked at the port while this year only one cruise arrived in March.KPA in…

Centum eyes Rea Vipingo land for property Centum Investments is crafting a master plan for its recently acquired Rea Vipingo land at the Coast that could see some of the farmland converted into real estate. The Vipingo land is also ideal for Centum’s plan to invest…

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…

British-American Investments was the top gainer at the Nairobi Securities Exchange (NSE). The counter registered a gain of 4.55% to end the day at KES 23.00. This was a KES 1.00 gain in share price. Diversified financial services firm Britam and Equity Group Holdings Ltd (EGHL) have ended their near-two…

British-American Investments Company Limited – BRITAM – (BRIT) was the biggest mover today mostly on account of the situation in Mauritius. The government of Maurtius took over British American Investments Mauritius (BAI Mauritius) over alleged involvement in Ponzi scheme like operations. BAI Mauritius has a 23% ownership stake…

Britam now restates profit after exit of two directors Financial services firm Britam has revised its books for 2014 a month after they were published, reducing its after tax profit by Sh342 million to about Sh2.5 billion. The Sh342 million profit reduction was revealed two days after the resignation of…

Total Kenya Limited was the top gainer at the Nairobi Securities Exchange (NSE). The counter registered a gain of 10% to end the day at KES 24.75. This is a KES 2.25 gain per share. Britam continues its drop in share price for the fourth day in a row and…

Lower oil prices to offer no relief on lending rates Investment managers say low oil prices are unlikely to spur lower lending rates this quarter as the Central Bank of Kenya (CBK) is expected to maintain a cautious monetary policy. A survey of 10 fund managers, economists and treasury dealers…

Umeme was the top gainer at the Nairobi Securities Exchange (NSE). The counter registered again of 8.88% to end the day at KES. 19.00. Britam shares continue to decline as it is still suffering the repercussions of being associated with Bramer Bank Corporation and BAI Company (Mtius) Ltd. Following the…

KQ stock dips 30 per cent as airline flies into turbulent times Kenya Airways has shed 30 per cent over the past two months reverting to a Sh7.75 low on a series of negative corporate reports, erasing price gains made between November last year and February 2015 […] Wrigley ups…