ICPAK to act on Ciano only after Uchumi adopts forensic report The Institute of Certified Public Accountants (ICPAK) has said Uchumi Supermarkets board needs to adopt a forensic report that accuses former CEO Jonathan Ciano of misconduct before it can take disciplinary action on him. The…

NSE reclaims half of market capitalisation it lost in January A rally in Safaricom, EABL, Equity and KCB stock prices at the Nairobi Securities Exchange (NSE) in the first week of February has helped the bourse claw back nearly half of the market capitalisation it lost…

Kenya’s balance of payments slips into deficit position Kenya’s balance of payments has slipped into a deficit position following a drop in financial inflows, in the absence of the Eurobond and amidst low tourist numbers, wiping out gains of a lower import bill. This means there…

KenGen drives Kenyan shares higher, shilling steady The benchmark NSE-20 share index rose 0.6% or 30.81 points, to close at 5,311.27. KenGen, which is expected to release its earnings results this week, rose 6.9% to close at Sh 12.40. On the foreign exchange market, the shilling closed at 89.15/89.25 to the dollar, slightly weaker than…