Closing Bell: East African Cables Limited Top Gainer as Kapchorua Tea Company Ltd Declines
East African Cables Limited Top Gainer as Kapchorua Tea Company Ltd Declines East African Cables Limited (CABL) was the top gainer of the day. It gained 9.44% to close at KES 9.85 which was a KES 0.85 gain in share price. Kapchorua Tea Company Ltd (KAPC) was the top loser…
Equity scales up security for its online, phone banking
Equity scales up security for its online, phone banking Equity Bank has entered into an agreement with a South Africa-based authentication firm, Entersekt, to strengthen security of its online and mobile phone based services as it seeks to deepen its presence in digital banking. Equity Bank…
KQ says it’s yet to receive pilots’ go-slow notice as 7-day quit ultimatum looms
KQ says it’s yet to receive pilots’ go-slow notice as 7-day quit ultimatum looms The pilots on January 20 gave KQ’s chief executive and directors a week to quit failure to which they would commence unspecified action. KQ’s chief executive officer Mbuvi Ngunze on Monday said…
Closing Bell: East African Cables Limited Top Gainer as Umeme Limited Declines
East African Cables Limited Top Gainer as Umeme Limited Declines East African Cables Limited (CABL) was the top gainer of the day. It gained 9.89% to close at KES 10.00 which was a KES 0.90 gain in share price. Umeme Limited (UMME) was the top loser of the day. It…
KQ sends finance boss home, retires fleet chief
KQ sends finance boss home, retires fleet chief National carrier Kenya Airways on Tuesday sent home its long-serving finance director, Alex Mbugua, in what was seen as part of a broader initiative to turn around the fortunes of the loss-making company […]…
Longhorn, Home Afrika biggest gainers at NSE
Longhorn, Home Afrika biggest gainers at NSE The small cap counters of Longhorn and Home Afrika were the top gainers at the Nairobi Securities Exchange (NSE) last week, bucking the market trend that saw 42 out of the 61 actively traded stocks record share price declines.
Equity brokerage arm gains most in 2015
Equity brokerage arm gains most in 2015 Equity Investment Bank’s partnership with UK’s Exotix Partners helped push it up the ladder in 2015, leaving it among market leaders with strong foreign trading desks. EIB had 4.49 per cent market share in 2014, ranking the firm eighth among the 19 brokers…
India-based cement giant eyes Sh12.7bn majority ARM stake
India-based cement giant eyes Sh12.7bn majority ARM stake India’s largest cement manufacturer UltraTech Cement is in the race to acquire a controlling stake in Nairobi Securities Exchange-listed ARM Cement, in which it could buy convertible preference shares of up to $125 million (Sh12.7 billion). UltraTech is…
Closing Bell: Olympia Capital Holdings Ltd Top Gainer as Williamson Tea Kenya Limited Declines
Olympia Capital Holdings Ltd Top Gainer as Williamson Tea Kenya Limited Declines Olympia Capital Holdings Ltd (OCH) was the top gainer of the day. It gained 9.52% to close at KES 4.60 which was a KES 0.40 gain in share price. Williamson Tea Kenya Limited (WTK) was the top loser…
Jambojet seeks pilots amid KQ labour case
Jambojet seeks pilots amid KQ labour case Jambojet is seeking new pilots for its fleet, signalling possible expansion plans for the airline even as its parent, Kenya Airways, faces a court case over the mode of employing flight crews. The airline in March sparked a court row with KQ pilots…
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