Longhorn Publishers Limited Top Gainer as Unga Group Limited Declines Longhorn Publishers Limited (LKL) was the top gainer of the day. It gained 3.85% to close at KES 6.75 which was a KES 0.25 gain in share price. Unga Group Limited (UNGA) was the top loser of the day. It…

Bourse slips below 4,300 points in sixth successive session of losses The Nairobi Securities Exchange 20 share index fell for the sixth straight session Thursday to slip below the 4,300 points barrier for the first time this year as major counters lost ground. The index…

Airtel Kenya permit expired, operating under Essar licence Airtel Kenya is operating under the licence previously held by Essar, which it bought out last year, as its permit which expired in February is yet to be renewed. The telecommunications firm had until this February to pay…

BOC Kenya chief Maria Msiska to leave after five years at helm Industrial gas producer BOC Kenya’s managing director Maria Msiska is set to leave after a five-and-a-half-year stint at the company. The Nairobi Securities Exchange-listed firm advertised her position Wednesday, signalling its intention to…

Mumias Sugar in more trouble with losses past Sh3bn Troubled sugar maker Mumias has sunk deeper into losses, triggering yet another profit warning. The management expects it to record losses of at least Sh3.4 billion this year, more than 25 per cent higher than the…

Keroche among big firms missing from KRA list Keroche Breweries and Mastermind Tobacco are among big companies that are yet to secure an excise tax license, and could have their products pulled from the market. The two are among those missing from an updated list…

Kenya Power in 70MW energy deal with Obama initiative-funded firm Kenya Power has signed a 70-megawatt power purchase agreement (PPA) with a company that is partly funded by US President Barack Obama’s Power Africa initiative, boosting the country’s goal of adding 5,000MW to the installed capacity…

Uhuru rejects mobile T-bill investment President Uhuru Kenyatta has rejected changes to the law that would have allowed retail buyers to invest small amounts in State securities, including through mobile phones. The proposed changes to the Central Bank of Kenya Act would have forced the banks’…

Exchange rate slide pushes shilling past 95 units mark The shilling on Tuesday crossed the 95 units to the US dollar level, continuing a losing streak with forex traders predicting a further drop to 98 units to the dollar by end of year. A weaker currency and its effect…

KCB mobile phone-based service hits over one million accounts KCB Group’s mobile phone-based lending services has hit more than one million accounts a month after it was launched, underlining the high potential of mobile banking. The platform dubbed KCB-M-PESA signed its one millionth customer this week and its deposits grossed…