CBK suspends licensing of commercial banks
CBK suspends licensing of commercial banks Central Bank of Kenya (CBK) has in a shock move slapped a moratorium on licensing new commercial banks throwing off balance the entry of Dubai Islamic Bank and the planned conversion of Unaitas Sacco. The moratorium is likely to force…
Closing Bell: Home Afrika Ltd Top Gainer as Atlas Development and Support Services Ltd Declines
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…
Closing Bell: Liberty Kenya Holdings Limited Top Gainer as TransCentury Limited Declines
Liberty Kenya Holdings Limited Top Gainer as TransCentury Limited Declines Liberty Kenya Holdings Limited (CFCI) was the top gainer of the day. It gained 7.45% to close at KES 18.75 which was a KES 1.30 gain in share price. TransCentury Limited (TCL) was the top loser of the day. It…
Equity gains Sh30bn in a month as small banks lose deposits
Equity gains Sh30bn in a month as small banks lose deposits Equity Bank management says it has grown its deposit base by Sh30 billion in the last month riding on shift of deposits from small banks. Small banks have suffered loss of deposits since last month…
Closing Bell: Eaagads Limited Top Gainer as Kenya Airways Limited Declines
Eaagads Limited Top Gainer as Kenya Airways Limited Declines Eaagads Limited (EGAD) was the top gainer of the day. It gained 10% to close at KES 27.50 which was a KES 2.50 gain in share price. Kenya Airways Limited (KQ) was the top loser of the day. It had a…
Closing Bell: Express Kenya Limited Top Gainer as Kenya Power & Lighting Co. Ltd Declines
Express Kenya Limited Top Gainer as Kenya Power & Lighting Co. Ltd Declines Express Kenya Limited (XPRS) was the top gainer of the day. It gained 8.97% to close at KES 4.25 which was a KES 0.35 gain in share price. Kenya Power & Lighting Co.
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.
How Imperial Bank chief stole savers’ billions
How Imperial Bank chief stole savers’ billions Imperial Bank’s former managing director Abdulmalek Janmohamed ran an elaborate fraud scheme that robbed the lender of Sh34 billion over a period of 13 years, forcing the central bank to shut it down earlier this month.. Mr Janmohamed siphoned…
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