KQ projects Sh8.4bn savings from sale of B777s National carrier Kenya Airways (KQ) estimates that it could make operational cost savings of more than Sh8.4 billion annually from the sale or sub-leasing of its Boeing 777 planes. KQ has recently been cutting capacity on long flights,…

NSE brings six banks on board ahead of derivatives market launch The Nairobi Securities Exchange (NSE) has signed up six commercial banks to act as clearing members ahead of the upcoming trade in derivatives. NSE said the banks have been brought on to handle the Central…

Centum’s half year profit grew by 55.04% to KES 1.9 billion, up from KES 1.23 billion reported in September 2014. This was boosted by a 342% increase in investment and other income to KES 8.38 billion from KES 1.90 billion reported in September 2014. The group’s…

Atlas Development and Support Services Ltd Top Gainer as Standard Group Limited Declines Atlas Development and Support Services Ltd (ADSS) was the top gainer of the day. It gained 8.77% to close at KES 3.10, which was a KES 0.25 gain in share price.

CBK steps into Safaricom, Equity duel The Central Bank of Kenya has waded into the tag of war between banks and mobile money transfer platforms with a proposal to harmonize transaction charges. Through the 2011 National Payment System Act, the regulator is setting up a payment…