Competition hots up for KQ as Fastjet enters Nairobi
Competition hots up for KQ as Fastjet enters Nairobi Low-cost carrier Fastjet is set to launch Tanzania to Nairobi flights on Monday, stepping up competition for Kenya Airways (KQ) and its associate Precision Air which also fly the same routes. Fastjet has announced daily flights from…
Closing Bell: Kapchorua Tea Company Ltd Top Gainer as Home Afrika Ltd Declines
Kapchorua Tea Company Ltd Top Gainer as Home Afrika Ltd Declines Kapchorua Tea Company Ltd (KAPC) was the top gainer of the day. It gained 10% to close at KES 220.00 which was a KES 20.00 gain in share price. Home Afrika Ltd (HAFR) was the top loser of the…
KQ eyes rebound with McKinsey turn-around plan
KQ eyes rebound with McKinsey turn-around plan Kenya Airways (KQ) will be hoping to calm headwinds that pummelled its business as it seeks to rebound from record losses and turn around a negative equity position that saw the Senate call for the sacking of its top…
Closing Bell: TransCentury Limited Top Gainer as Jubilee Holdings Limited Declines
TransCentury Limited Top Gainer as Jubilee Holdings Limited Declines TransCentury Limited (TCL) was the top gainer of the day. It gained 9.42% to close at KES 7.55, which was a KES 0.65 gain in share price. Jubilee Holdings Limited (JUB) was the top loser of the day. It had a loss of 8.20%…
Closing Bell: B.O.C Kenya Ltd Top Gainer as KenGen Declines
B.O.C Kenya Ltd Top Gainer as KenGen Declines B.O.C Kenya Ltd (BOC) was the top gainer of the day. It gained 10% to close at KES 110.00 which was a KES 10.00 gain in share price. Kenya Electricity Generating Company Ltd (KEGN) was the top loser of the day.It had a…
Barclays’ parent company could sell Kenyan unit
Barclays’ parent company could sell Kenyan unit Barclays Bank Kenya could be sold by its London-based parent Barclays Plc, which is considering selling some or all of its subsidiaries in Africa. The proposed divestitures are being pushed by Barclays Plc’s new CEO Jes Staley, according to…
Closing Bell: Sameer Africa Limited Top Gainer as Flame Tree Group Holdings Limited Declines
Sameer Africa Limited Top Gainer as Flame Tree Group Holdings Limited Declines Sameer Africa Limited (FIRE) was the top gainer of the day. It gained 9.86% to close at KES 3.90 which was a KES 0.35 gain in share price. Flame Tree Group Holdings Limited (FTGH) was the top loser…
Closing Bell: Atlas Development and Support Services Ltd Top Gainer as Eaagads Limited Declines
Atlas Development and Support Services Ltd Top Gainer as Eaagads Limited Declines Atlas Development and Support Services Ltd (ADSS) was the top gainer of the day. It gained 8.82% to close at KES 1.85 which was a KES 0.15 gain in share price. Eaagads Limited (EGAD) was the top loser…
Senate endorses report that calls for sacking of KQ boss
Senate endorses report that calls for sacking of KQ boss The Senate on Thursday endorsed a report calling for the sacking of Kenya Airways chief executive Mbuvi Ngunze and possible prosecution of his predecessor Titus Naikuni. This came after the Senate unanimously adopted a report by the…
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…
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