Closing Bell: Nation Media Group Top Gainer as Crown Paints Continues to Decline
Nation Media Group Top Gainer as Crown Paints Continues to Decline Nation Media Group (NMG) was the top gainer of the day. It gained 8.47% to close at KES 205.00 which was a KES 16.00 gain in share price. Crown Paints Kenya (BERG) was once again the top loser of…
Closing Bell: Eaagads Limited Top Gainer as Crown Paints Declines
Eaagads Limited Top Gainer as Crown Paints Declines Eaagads Limited (EGAD) was the top gainer of the day. It gained 10.00% to close at KES 38.50 which was a KES 3.50 gain in share price. Crown Paints Kenya (BERG) was the top loser of…
Closing Bell: Mumias Sugar Top Gainer as Carbacid Investments Declines
Closing Bell: Mumias Sugar Top Gainer as Carbacid Investments Declines Mumias Sugar Company (MSC) was the top gainer of the day at the NSE. The counter continued its upward trend and gained 9.52% to close the day at KES 2.30 which was a KES 0.20 gain in share price. Carbacid…
Closing Bell: Mumias Sugar Top Gainer as Kenya Airways Declines
Closing Bell: Mumias Sugar Top Gainer as Kenya Airways Declines Mumias Sugar Company (MSC) was the top gainer at the NSE. It gained 8.11% to close the day at KES 2.00 which was a KES 0.15 gain in share price. Kenya Airways (KQ) was…
Closing Bell: Scangroup Limited Top Gainer
Scangroup Limited (SCAN) was the top gainer at the Nairobi Securities Exchange (NSE). The counter registered a gain of 6% to close the day at KES 39.75. This was a KES 2.25 gain in share price. British American Tobacco Kenya was the worst performing share registering a drop of 8.28%…
Britam pulls plug on low-income individual cover
Britam pulls plug on low-income individual cover Britam is pulling the plug on an increasingly popular low-end cover for individuals launched with Safaricom in January last year. Individuals who bought the Linda Jamii covers will still continue to get the services until expiry but no new…
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…
Gulf African Bank records 41 per cent profit growth
Gulf African Bank records 41 per cent profit growth Shariah-compliant lender Gulf African Bank (GAB) has recorded a 41 per cent growth in profits after tax, riding on improved operating efficiencies. Gulf African Bank reported an after-tax profit of Sh402 million up from Sh285 million a year earlier. The growth,…
IFC report reveals Vimal and Shah family stakes in Bidco
IFC report reveals Vimal and Shah family stakes in Bidco Billionaire businessman Vimal Shah has equal shareholding as his father Bhimji Shah and brother Tarun Shah in cooking oils multinational Bidco as shown in documents filed with the World Bank’s private lending arm IFC. Vimal Shah controls 33.3 per…
Equity takes top banking spot with Sh17bn profit
Equity takes top banking spot with Sh17bn profit Equity Group Holdings, the parent company of Equity Bank, posted a Sh17bn profit in the year ended December 2014. The record profit enabled Equity to topple rival KCB from its long-held position as Kenya’s most profitable bank. Equity Group rode on increased lending…
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