Crown Paints bonus issue stirs market Crown Paints led the gainers at the stock market last week on the back of a bonus share issue announcement. The stock rose 35.3 per cent to Sh138 even after disappointing full-year 2014 results which saw net profit drop by a massive 91 per…

Equity gains 5pc buoyed by demand from local investors Equity Bank stock has this week rallied to gain nearly five per cent at Sh48, as it recovers from a slide to an eight-month low seen last week. Analysts said the counter has been attracting demand this week, more so from local…

NSE firms owners’ 2014 earnings up by Sh13.4 billion NSE firms have paid Sh13.4 billion more in dividend to shareholders for the 2014 financial year with banks and telecoms operator Safaricom owners topping the list of beneficiaries. Dividend payout for the period between January 2014 and March this year stood at…

Safaricom leads stocks higher Kenyan shares rose on Friday led by telecoms firm Safaricom. The Nairobi Securities Exchange’s main NSE-20 Share Index added 14.26 points to close at 5,093.00 points, driven higher by Safaricom, which added 2.7 percent to Sh17.20. Analysts said Safaricom’s shares were buoyed by a favorable outlook…

Britam posts 23pc jump in 2014 after-tax profit Financial services group British-American Investments Company Limited (Britam) has announced an after tax profit of Sh2.8 billion for the year ended December 31 2014, up 23 per cent from Sh2.3 billion the previous year. Group Managing Director explained that the key…

Mumias starts search for new CEO in shake-up plan Mumias Sugar Company on Friday starts the search for a new CEO as well as other top positions as part of turnaround efforts that will see the board and management of the miller sent home. This comes soon after the government…

Telecom firms to pay hefty penalties for poor service Telecom firms are set to start paying between 0.1 to 0.2pc of their annual revenue instead of Sh500,000 flat rate as penalties for providing substandard services to customers. CA director-general stated that the current fine was too lenient and has…

Micro loans have been made easier by mobile phone platform innovations with companies loaning up to KES 100,000 payable in 30 days.

It is that time of the month when your rent is due (or almost) and you are rushing to make it to the bank. You do not fully trust the agent’s M-Pesa account and the collecting agent is conveniently elusive, even on a Sunday. Thanks to a piece…

“Western Union is pleased to strengthen this mutually productive and beneficial relationship with the inclusion of electronic banking channels that are customer-centric and technologically advanced.” Jean-Claude Farah, Senior vice president Western Union, Middle East and Africa. In a move that will further cement their…