Closing Bell: Crown Paints Kenya Rises While Equity Bank Declines
Crown Paints Kenya Limited continues to perform well in the market. It improved today to close the day as the top gainer. Crown Paints ended the day at KES 126.00 having gained 9.57% (11.00) in its share price. Equity Bank Limited continues to decline in its performance. It ended the…
TransCentury stock value drops by 67pc since listing in 2011
TransCentury stock value drops by 67pc since listing in 2011 TransCentury Limited shareholders have seen the value of their holdings in the company plummet by two-thirds over the past four years, a sign that the share may have been too optimistically priced during its listing by introduction. TransCentury was valued at…
Safaricom to launch TV decoders next month
Safaricom to launch TV decoders next month Safaricom is set to launch its own Internet-enabled digital television decoders next month, stepping up the battle for TV and data customers. Buyers of the high speed 4G-enabled Safaricom decoders will also have access to video-on-demand and downloads […] Tax experts fault KRA…
Equity gains 5pc buoyed by demand from local investors
Equity gains 5pc buoyed by demand from local investors Equity Bank stock has this week rallied to gain nearly five per cent at Sh48, as it recovers from a slide to an eight-month low seen last week. Analysts said the counter has been attracting demand this week, more so from local…
Equity to refund Dyer & Blair over Sh20m paid out to fraudster
Equity to refund Dyer& Blair over Sh20m paid out to fraudster Equity Bank has lost a protracted court battle with Dyer and Blair Investment Bank after the court directed it to refund over Sh20 million that was fraudulently transferred from one of its client’s account […] Banks struggle to meet…
Kenya Power outshines energy stocks at NSE
Kenya Power outshines energy stocks at NSE The Kenya Power stock is up 18.7 per cent to Sh17.15 year-to-date—carrying on a trend established in 2014—even as power generating firm KenGen has shed three per cent to Sh10. The stock has been among the leading beneficiaries of foreign investor inflows since…
KCB overtakes Equity Bank in valuation at NSE
KCB overtakes Equity Bank in valuation at NSE KCB has grabbed back its position as the most valuable listed lender at the NSE ahead of Equity Bank for the first time in seven months with its share price rallying to an all-time high and Equity slipping. KCB’s closing price of Sh63 a…
Mumias slashes staff allowances, freezes pay increments
Mumias slashes staff allowances, freezes pay increments Troubled Mumias Sugar Company has halved senior staff allowances and frozen pay increments as it struggles to climb out of the deep pit of losses it fell into two years ago. Mumias managing director Coutts Otollo informed staff of the changes, part…
Total Kenya 2014 pre-tax profit rises 9.2 percent
Total Kenya 2014 pre-tax profit rises 9.2 percent Fuel marketer Total Kenya said on Wednesday its pre-tax profit rose 9.2 percent in 2014, helped by stronger sales and a stable macroeconomic environment in Kenya. The group, a unit of French oil major Total, said it expects Kenya’s macroeconomic conditions to…
Equity’s returns on shareholder funds seen falling
Equity’s returns on shareholder funds seen falling Regional lender Equity Bank could be headed for lower returns on shareholder funds as it doubles bad debt provisions and margins on interest income fall. As Equity grows its loan book, the analysts say, the return on equity (ROE) — used to measure…
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