Today’s Morning Brief- Nov 6
We deliver a summary of important business news in Kenya to you this morning: Equity Bank secures major Tanzania Revenue Authority tax collection deal Equity Bank Group has sealed a partnership with Tanzania Revenue Authority (TRA) allowing tax payers in the country to pay all their taxes through its network.
5 Things You Should Know This Morning – Oct 28
Kenyan shilling steady; KenGen drags shares lower again The Nairobi Securities Exchange’s main NSE-20 Share Index fell 23.27 points or 0.45% to 5,174.41 points. KenGen, which last week reported a 46% drop in after-tax earnings and slashed its dividend, closed 4.8% lower at KES 10.95 a share. On the foreign exchange market,…
The Closing Bell: KenGen’s 46% Profit Decline Makes It NSE Top Loser
At 3.10 pm today when the Nairobi Securities Exchange (NSE) closed Kenya Electricity Generating Company -Kengen- (KEGN) had fallen 17.37% from yesterday’s KES 12.95 to KES 10.70. KenGen released its end of year results posting …
5 Things You Should Know This Morning – Oct 24
Low cost Kenya made car goes on sale at KES 950,000 A Kenyan-made vehicle that is designated as Africa’s cheapest car has hit the showrooms, bringing to reality the dream of an entrepreneur who designed it four years ago. The car, which trades under the brand name Mobius, entered the showrooms…
Oct 14 Closing Bell: Electricity Firms KPLC And Kengen Among Top Losers
Today on the Nairobi Securities Exchange. The Kenya Power & Lighting Company Limited (KPLC) and Kenya Electricity Generating Company – Kengen- (KEGN) were among the top five losers. KPLC is the sole power distributor in Kenya. Kengen is the largest power producer…
5 Things You Should Know This Morning – Oct 7
Ecobank unveils plan, promises to strengthen presence in Kenya Pan-African lender Ecobank plans to wind down its expansion strategy across Africa and focus on existing businesses, especially in Nigeria, Ghana, Angola and Kenya, its Chief Executive Officer Albert Essien said. “These four countries together are very important to the future…
8 Things You Should Know This Morning
Services paralyzed as workers’ protest spread The protest by City Council of Nairobi workers over delays in effecting a salary increment negotiated two years ago spread to other local authorities Monday, paralysing services. City Hall workers downed their tools last Thursday, abandoning vital services like…
Power Up or Lose Out on Dividends
Our monitor of the listed media houses revealed one thing, that stock price matters. Nation Media Group closed at KES 228, up by one shilling while Standard Group closed at KES 22.75, up 25 cents. Relevance of the change in price can be spotted when…
Hospitality Counters Off To A Bad Start
COUNTER WATCH Uchumi Supermarket – Having closed the day at KES 19.25, the counter’s price took a slight dip in share price by 25 cents. Bearing in mind that the supermarket is looking to raise KES 1.5 billion in a share offer next year, a downward spiral…
Hospitality And Food: Worth A Watch Today?
Last Friday we looked at the changes in stock price that arise from change in CEO. The best examples for that were KenGen and KCB. Both, on the same day, announced the hunt for new CEOs since the current ones were resigning. KenGen shares went up 5 cents,…
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