Closing Bell: Kakuzi Limited Top Gainer as Sameer Africa Limited Declines
Kakuzi Limited Top Gainer as Sameer Africa Limited Declines Kakuzi Limited (KUKZ) was the top gainer of the day. It gained 10% to close at KES 330.00, which was a KES 30.00 gain in share price. Sameer Africa Limited (FIRE) was the top loser of the day. It had a…
Co-op Bank to borrow Sh10.7bn from IFC
Co-op Bank to borrow Sh10.7bn from IFC The Co-operative Bank of Kenya is set to receive Sh10.7 billion ($105 million) in long-term financing from the International Finance Corporation for onward lending to small and medium enterprises. IFC, the World Bank’s private lending arm, has disclosed its…
Seven bank stocks touch one-year low at NSE trading
Seven bank stocks touch one-year low at NSE trading Seven banking counters at the Nairobi Securities Exchange (NSE) on Wednesday touched a one-year low as the market responded to the sudden closure of Imperial Bank leading to the indicative NSE 20 share index dropping to levels…
Keroche among big firms missing from KRA list
Keroche among big firms missing from KRA list Keroche Breweries and Mastermind Tobacco are among big companies that are yet to secure an excise tax license, and could have their products pulled from the market. The two are among those missing from an updated list…
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,…
Kenya Power in 70MW energy deal with Obama initiative-funded firm
Kenya Power in 70MW energy deal with Obama initiative-funded firm Kenya Power has signed a 70-megawatt power purchase agreement (PPA) with a company that is partly funded by US President Barack Obama’s Power Africa initiative, boosting the country’s goal of adding 5,000MW to the installed capacity…
Co-op Bank branches to issue car insurance stickers
Co-op Bank branches to issue car insurance stickers Co-operative Bank of Kenya through its Co-op Consultancy Agency will issue motor vehicle insurance stickers in all its branches. The bank says the product, launched in 2013, will be available in a maximum of 10 minutes on order.The certificates are normally printed…
Closing Bell: Housing Finance Top Gainer as BAT Kenya Declines
Housing Finance Top Gainer as BAT Kenya Declines Housing Finance Company Limited (HFCK) was the top gainer of the day. It gained 9.64% to close at KES 22.75, which was a KES 2.00 gain in share price. British American Tobacco (BAT) was the top loser of the day. It had…
Closing Bell: Express Kenya Top Gainer as Liberty Kenya Declines
Express Kenya Top Gainer as Liberty Kenya Declines Express Kenya Limited (XPRS) was the top gainer of the day. It gained 7.92% to close at KES 5.45, which was a KES 0.40 gain in share price. Liberty Kenya Holdings (CFCI) was the top loser of the day. It had a…
Closing Bell: National Bank Top Gainer as Carbacid Investments Declines
National Bank Top Gainer as Carbacid Investments Declines National Bank of Kenya (NBK) was the top gainer of the day. It gained 9.85% to close at KES 18.40, which was a KES 1.65 gain in share price. Carbacid Investments was the top loser of the day. It had a…
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