Stanlib to buy Greenspan Mall with first Sh12bn Reit offering
Stanlib to buy Greenspan Mall with first Sh12bn Reit offering Stanlib Investments is set to buy Greenspan Mall in Donholm, Nairobi, with proceeds from Kenya’s first ever Real Estate Investment Trust (Reit) sales. Stanlib Investments plans to raise as much as Sh12.5 billion through the initial…
Closing Bell: Uchumi Supermarket Limited Top Gainer as Atlas Development and Support Services Ltd Declines
Uchumi Supermarket Limited Top Gainer as Atlas Development and Support Services Ltd Declines Uchumi Supermarket Limited (UCHM) was the top gainer of the day. It gained 8.84% to close at KES 8.00 which was a KES 0.65 gain in share price. Atlas Development and Support Services Ltd (ADSS) was the…
Closing Bell: Unga Group Limited Top Gainer as Kakuzi Limited Declines
Unga Group Limited Top Gainer as Kakuzi Limited Declines Unga Group Limited (UNGA) was the top gainer of the day. It gained 9.09% to close at KES 45.00 which was a KES 3.75 gain in share price. Kakuzi Limited (KUKZ) was the top loser of the day. It had a…
EABL records 9pc sales growth on uptake of spirits
EABL records 9pc sales growth on uptake of spirits Beer maker EABL recorded a nine per cent growth in net sales for the full year to June, a statement released by the UK parent company Diageo showed Thursday.East African Breweries Limited’s full-year earnings were primarily…
Closing Bell: National Bank Of Kenya Ltd Top Gainer as Kakuzi Limited Declines
National Bank Of Kenya Ltd Top Gainer as Kakuzi Limited Declines National Bank Of Kenya Ltd (NBK) was the top gainer of the day. It gained 12.86% to close at KES 21.50 which was a KES 2.45 gain in share price. Kakuzi Limited (KUKZ) was the top loser of the…
Closing Bell: Express Kenya Top Gainer as Liberty Kenya Declines
Express Kenya Top Gainer as Liberty Kenya Declines Express Kenya Limited (XPRS) was the top gainer of the day. It gained 7.92% to close at KES 5.45, which was a KES 0.40 gain in share price. Liberty Kenya Holdings (CFCI) was the top loser of the day. It had a…
Overvalued shilling may hit 110 to the dollar by year end
Overvalued shilling may hit 110 to the dollar by year end Economists says Kenya’s real effective exchange rate (REER) is 20 per cent overvalued and forecasted that the currency is headed for 110 units to the dollar by the end of the year. The REER…
Closing Bell: Eaagads Limited Top Gainer as Crown Paints Declines
Eaagads Limited Top Gainer as Crown Paints Declines Eaagads Limited (EGAD) was the top gainer of the day. It gained 10.00% to close at KES 38.50 which was a KES 3.50 gain in share price. Crown Paints Kenya (BERG) was the top loser of…
Closing Bell:Unga Group Limited Top Gainer as Standard Group Declines.
Closing Bell:Unga Group Limited Top Gainer as Standard Group Declines. Unga Group Limited (UNGA) was the top gainer at the NSE. It gained 8.57% to close the day at KES 47.50 which was a KES 3.75 gain in share price. Standard Group Limited (SGL) was the top loser with a…
Shilling’s decline could scale down ballooning imports
Shilling’s decline could scale down ballooning imports The recent weakening of the shilling against the dollar could help address Kenya’s uncompetitive production of goods and reduce imports, economists at CfC Stanbic say. The shilling is still relatively strong in real exchange rate compared to the currencies…
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