Closing Bell: Eveready East Africa Top Gainer as CfC Stanbic Declines
Eveready East Africa Top Gainer as CfC Stanbic Declines Eveready East Africa (EVRD) was the top gainer of the day. It gained 7.32% to close at KES 4.40, which was a KES 0.30 gain in share price. CfC Stanbic Holdings (CFC) was the top loser of the day. It had…
Nairobi bourse sheds 3pc value in a fortnight
Nairobi bourse sheds 3pc value in a fortnight The stock market has shed three per cent in value so far this month to slip below the 4,700 point level for the first time in 22 months.The Nairobi Securities Exchange (NSE) has been weighed down by continued…
Overvalued shilling may hit 110 to the dollar by year end
Overvalued shilling may hit 110 to the dollar by year end Economists says Kenya’s real effective exchange rate (REER) is 20 per cent overvalued and forecasted that the currency is headed for 110 units to the dollar by the end of the year. The REER…
Closing Bell: Williamson Tea Top Gainer as East African Portland Cement Declines
Williamson Tea Top Gainer as East African Portland Cement Declines Williamson Tea Kenya (WTK) was the top gainer of the day. It gained 3.91% to close at KES 399.00, which was a KES 15.00 gain in share price. East African Portland Cement (PORT) and Standard Group Limited (SGL) were the…
Closing Bell: Kapchorua Tea Top Gainer as Crown Paints Declines
Kapchorua Tea Top Gainer as Crown Paints Declines Kapchorua Tea Company (KAPC) was the top gainer of the day. It gained 9.38% to close at KES 175.00, which was a KES 15.00 gain in share price. Crown Paints Kenya (BERG) was the top loser of the day. It had a…
Uchumi to close loss-making outlets, sell assets in recovery plan
Uchumi to close loss-making outlets, sell assets in recovery plan Uchumi Supermarkets has announced radical changes to its operations, which include closing down several outlets and selling a Sh2 billion plot in Kasarani in its newest plan to steer clear of financial troubles. This development comes…
NSE chief urges openness by listed firms to woo foreigners
NSE chief urges openness by listed firms to woo foreigners Kenyan companies need to increase the level of disclosure if they hope to attract significant foreign funding, the Nairobi Securities Exchange (NSE) chief executive has said. Geoffrey Odundo said local and foreign investors are only comfortable with firms that…
Closing Bell: Kakuzi Limited Top Gainer as Mumias Sugar Company Declines
Kakuzi Limited Top Gainer as Mumias Sugar Company Declines Kakuzi Limited (KUKZ) was the top gainer of the day. It gained 7.49% to close at KES 330.00, which was a KES 23.00 gain in share price. Mumias Sugar Company (MSC) was the top loser of the day. It had a…
Tanzania puts EABL on notice over Serengeti Breweries deal
Tanzania puts EABL on notice over Serengeti Breweries deal Beer maker EABL could be forced to sell part of or its entire 51 per cent shareholding in Serengeti Breweries as part of regulatory action by Tanzania’s competition watchdog. Tanzania’s competition watchdog has given notice of intention…
Safaricom sues Airtel in M-Pesa trademark dispute
Safaricom sues Airtel in M-Pesa trademark dispute Safaricom has taken rival telecommunications company Airtel to court on claims that it is infringing on its M-Pesa trademark by including its symbols on its advertising billboards […] Chase Bank 7yr note debuts on secondary market…
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