Uchumi Supermarket Limited Top Gainer as Liberty Kenya Holdings Limited Declines Uchumi Supermarket Limited (UCHM) was the top gainer of the day. It gained 8.07% to close at KES 8.70 which was a KES 0.65 gain in share price. Liberty Kenya Holdings Limited (CFCI) was the top loser of the…

Tuskys signs finance deal with DTB for upfront payment of suppliers Tuskys Supermarkets has signed a financing facility that will see its suppliers get payments from the Diamond Trust Bank even before their invoices are due. The deal will also enable small and medium sized companies (SMEs) that supply the…

BAT calls whistleblower a ‘rogue’ ex-staff Cigarette manufacturer British American Tobacco (BAT) has described its former employee who blew the whistle on bribery at the company as a “rogue” individual who has an axe to grind with the firm. Mr Paul Hopkins leaked hundreds of secret documents to a BBC…

Diamond Trust Bank’s profit for the 9 months ended September 2015 grew by 11.51% to KES 4.77 billion, up from KES 4.28 billion reported in September 2014. This was boosted by regional operations. Customer deposits grew by 17.96% to KES 175.10 billion, up from KES 148.44…

CA imposes stiffer penalty for poor telecom services The Communications Authority of Kenya (CA) board has set 0.2 per cent of the annual gross turnover as the penalty for telecommunication firms that offer substandard services, setting the companies up for heavier fines […]…

Home Afrika Ltd Top Gainer as Atlas Development and Support Services Ltd Declines Home Afrika Ltd (HAFR) was the top gainer of the day. It gained 3.85% to close at KES 1.35 which was a KES 0.05 gain in share price. Atlas Development and Support Services Ltd (ADSS) was the…

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…

Eveready East Africa Limited Top Gainer as Standard Group Limited Declines Eveready East Africa Limited (EVRD) was the top gainer of the day. It gained 10% to close at KES 3.30 which was a KES 0.30 gain in share price. Standard Group Limited (SGL) was the top loser of the…

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,…

Olympia in yet another subsidiary shut down Investment company Olympia Capital has announced plans to close two of its loss-making subsidiaries, indicating yet another financial blow to shareholders of the NSE-listed firm. Olympia Capital is shutting down Dunlop Industries, a Nairobi-based manufacturer of vinyl floor tiles,…