Interest income lifts KCB net profit to Sh19.6 billion
Interest income lifts KCB net profit to Sh19.6 billion KCB Group posted a 16.4 per cent jump in after-tax profit in the year ended December on the back of increased interest income from the mainstay lending business. The company has declared a dividend of Sh2 per…
BAT calls whistleblower a ‘rogue’ ex-staff
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…
EA Cables picks ex-Safaricom manager as CEO in revival bid
EA Cables picks ex-Safaricom manager as CEO in revival bid East African Cables has hired a former Safaricom manager, Peter Arina, as its chief executive. Mr Arina will be expected to revive the flagging fortunes of the cables manufacturer. The East African Cables reported 14 per…
Top foreign funds see returns on NSE equities drop 11pc
Top foreign funds see returns on NSE equities drop 11pc The top-five foreign mutual funds investing in Kenya have seen their returns decline by an average of 11 per cent year-to-date, a new report by consultancy PricewaterhouseCoopers shows.Investor returns have taken a hit from the…
Closing Bell: National Bank Of Kenya Ltd Top Gainer as Kakuzi Limited Declines
National Bank Of Kenya Ltd Top Gainer as Kakuzi Limited Declines National Bank Of Kenya Ltd (NBK) was the top gainer of the day. It gained 12.86% to close at KES 21.50 which was a KES 2.45 gain in share price. Kakuzi Limited (KUKZ) was the top loser of the…
Closing Bell: Housing Finance Top Gainer as BAT Kenya Declines
Housing Finance Top Gainer as BAT Kenya Declines Housing Finance Company Limited (HFCK) was the top gainer of the day. It gained 9.64% to close at KES 22.75, which was a KES 2.00 gain in share price. British American Tobacco (BAT) was the top loser of the day. It had…
KCB to set aside Sh1bn for Kenyan start-ups
KCB to set aside Sh1bn for Kenyan start-ups KCB has pledged Sh1 billion to fund start-ups following calls for financial institutions to match the government’s allocation to several entrepreneur seed funds. Chief executive Joshua Oigara made the announcement when he moderated an entrepreneurship panel discussion at…
Closing Bell: National Bank Top Gainer as Carbacid Investments Declines
National Bank Top Gainer as Carbacid Investments Declines National Bank of Kenya (NBK) was the top gainer of the day. It gained 9.85% to close at KES 18.40, which was a KES 1.65 gain in share price. Carbacid Investments was the top loser of the day. It had a…
Closing Bell: Kakuzi Limited Top Gainer as East African Portland Cement Declines
Kakuzi Limited Top Gainer as East African Portland Cement Declines Kakuzi Limited was the top gainer of the day. It gained 5.88% to close at KES 360.00, which was a KES 20.00 gain in share price. East African Portland Cement (PORT) was the top loser of the day. It had…
Closing Bell: Eveready East Africa Top Gainer as Express Kenya Declines
Eveready East Africa Top Gainer as Express Kenya Declines Eveready East Africa Limited (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. Express Kenya Limited (XPRS) was the top loser of the day. It…
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