Safaricom yet to agree with Vodafone on M-Pesa royalty charges
Safaricom yet to agree with Vodafone on M-Pesa royalty charges Safaricom is yet to agree with Vodafone on new M-Pesa royalty fees nearly a year since the two telcos opened talks following the migration of M-Pesa servers from Germany. The relocation of M-Pesa servers to Kenya…
EABL half-year profit hits Sh7.7bn on land, bottle plant sale
EABL half-year profit hits Sh7.7bn on land, bottle plant sale The sale of land and a glass bottle manufacturing subsidiary has boosted East African Breweries Limited’s half-year net profit by over two-thirds to Sh7.7 billion, making up for currency losses at its South Sudan business. EABL’s…
Competition hots up for KQ as Fastjet enters Nairobi
Competition hots up for KQ as Fastjet enters Nairobi Low-cost carrier Fastjet is set to launch Tanzania to Nairobi flights on Monday, stepping up competition for Kenya Airways (KQ) and its associate Precision Air which also fly the same routes. Fastjet has announced daily flights from…
Collymore says Safaricom will not risk CBK’s wrath over bitcoin transactions
Collymore says Safaricom will not risk CBK’s wrath over bitcoin transactions Safaricom CEO Bob Collymore has said the telecommunications giant will not agree to have bitcoin-related transactions on its M-Pesa system unless the virtual currency is authorised by the banking sector regulator. Safaricom CEO Bob Collymore…
Closing Bell: B.O.C Kenya Ltd Top Gainer as KenGen Declines
B.O.C Kenya Ltd Top Gainer as KenGen Declines B.O.C Kenya Ltd (BOC) was the top gainer of the day. It gained 10% to close at KES 110.00 which was a KES 10.00 gain in share price. Kenya Electricity Generating Company Ltd (KEGN) was the top loser of the day.It had a…
Total, Shell and Kenol cede more market share to small dealers
Total, Shell and Kenol cede more market share to small dealers Kenya’s top-three oil marketing companies saw their combined market share in Kenya drop in the nine months ended September, benefiting smaller rivals such as Gulf and Nock. In the nine months ended September, Total saw…
Closing Bell: Atlas Development and Support Services Ltd Top Gainer as TransCentury Limited Declines
Atlas Development and Support Services Ltd Top Gainer as TransCentury Limited Declines Atlas Development and Support Services Ltd (ADSS) was the top gainer of the day. It gained 8.82% to close at KES 3.70, which was a KES 0.30 gain in share price. TransCentury Limited (TCL) was the top loser…
Closing Bell: Umeme Limited Top Gainer as Eaagads Limited Declines
Umeme Limited Top Gainer as Eaagads Limited Declines Umeme Limited (UMME) was the top gainer of the day. It gained 9.94% to close at KES 18.80, which was a KES 1.70 gain in share price. Eaagads Limited (EGAD) was the top loser of the day. It had a loss of…
Closing Bell: Atlas Development and Support Services Ltd Top Gainer as Standard Group Limited Declines
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.
Closing Bell: Carbacid Investments Limited Top Gainer as Uchumi Supermarket Limited Declines
Carbacid Investments Limited Top Gainer as Uchumi Supermarket Limited Declines Carbacid Investments Limited (CARB) was the top gainer of the day. It gained 9.70% to close at KES 16.40, which was a KES 1.45 gain in share price. Uchumi Supermarket Limited (UCHM) was the top loser of the day. It had…
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