Pan Africa Insurance Company Ltd Top Gainer as Sasini Ltd Declines Pan Africa Insurance Company Ltd (PAFR) was the top gainer of the day. It gained 10% to close at KES 66.00 which was a KES 6.00 gain in share price. Sasini Ltd (SASN) was the top loser of the…

Uchumi shuts down Syokimau Railway branch Retail Chain Uchumi Supermarkets has shut down one of its outlets along Mombasa Road citing poor location. The move is part of the retailer’s reorganisation expected to cut costs and drive it back to profitability. The branch was shut down…

Local investors keep KQ stock afloat Local investors’ buying of the Kenya Airways (KQ) share has kept its price stable over the past month even after the airline reported a record Sh25.7 billion loss for the year ended March 2015. The loss wiped out its shareholder…

Uchumi sub-tenants get order halting eviction Sub-tenants in Uchumi Supermarkets have secured a court order delaying their eviction by 14 days from the September 15 deadline given by the retailer. Eighteen speciality shop owners claimed they had not been given adequate notice when they pleaded with…

Airtel threatens exit over Safaricom ‘dominance’ Telecommunications firm Airtel could exit the Kenyan market if new regulations are not passed to curb Safaricom’s dominance, its chief executive Adil El Youssefi said on Tuesday. Mr Youssefi said “anti-competitive behaviour” by the market leader had condemned competitors to…

Kapchorua Tea Company Ltd Top Gainer as Umeme Limited Declines Kapchorua Tea Company Ltd (KAPC) was the top gainer of the day. It gained 9.6% to close at KES 217.00 which was a KES 19.00 gain in share price. Umeme Limited (UMME) was the top loser of the day. It…

I&M Holdings Ltd Top Gainer as Eveready East Africa Limited Declines I&M Holdings Ltd (I&M) was the top gainer of the day. It gained 12.15% to close at KES 120.00 which was a KES 13.00 gain in share price. Eveready East Africa Limited (EVRD) was the top loser of the…

Uchumi Supermarket Limited Top Gainer as British American Tobacco Kenya Limited Declines Uchumi Supermarket Limited (UCHM) was the top gainer of the day. It gained 9.83% to close at KES 9.50 which was a KES 0.85 gain in share price. British American Tobacco Kenya Limited (BAT) was the top loser…

Kenya Airways defends air ticket pricing against rivals Kenya Airways has defended its higher air ticket prices relative to other airlines. KQ chief executive Mbuvi Ngunze on Thursday said the airline’s tickets are only priced higher during peak demand, when travellers book late and according to quality…

BAT and anti-tobacco lobby oppose new cigarette tax Kenya’s largest cigarette manufacturer and an anti-tobacco lobby have closed ranks to oppose new excise tax rates they say will only reduce government revenues. The parties, who are normally on opposing sides, say Parliament’s amendment of the Excise…