NSE reclaims half of market capitalisation it lost in January
NSE reclaims half of market capitalisation it lost in January A rally in Safaricom, EABL, Equity and KCB stock prices at the Nairobi Securities Exchange (NSE) in the first week of February has helped the bourse claw back nearly half of the market capitalisation it lost…
Safaricom’s digital TV decoder sales double after price cut
Safaricom’s digital TV decoder sales double after price cut The sales of Safaricom’s Internet-enabled digital TV decoders has doubled after it slashed its pricing by 50 per cent in November. In November Safaricom cut the decoder prices to Sh4,999 from the previous Sh10,000 in a re-launch that…
Fidelity Shield downgraded to negative outlook
Fidelity Shield downgraded to negative outlook Fidelity Shield Insurance’s future outlook has been downgraded from stable to negative over weak liquidity and recently “subdued” cash flow. GCR assigned the negative grade to Fidelity Shield Insurance but retained BBB+ rate on its ability to settle claims. The…
KRA intensifies war with manufacturers over excise tax
KRA intensifies war with manufacturers over excise tax The Kenya Revenue Authority (KRA) has intensified its war with manufacturers over the payment of excise tax, putting at risk millions of jobs and billions of shillings in tax revenues.The Kenya Association of Manufacturers (KAM) – the industry…
Equity stock unit beats six rivals in NSE share trades
Equity stock unit beats six rivals in NSE share trades Equity Investment Bank (EIB) jumped to second place in stockbrokers’ equity trades on the Nairobi Securities Exchange (NSE) in the first half of the year, replacing Russian-owned Renaissance Capital (Rencap) that held the position at…
Coffee price improves as trading resumes at Nairobi Coffee Exchange
Coffee price improves as trading resumes at Nairobi Coffee Exchange The Nairobi Coffee Exchange (NCE) resumed operations last week from a one-month recess with the price of the beverage registering a slight improvement from the last sale.A 50-kilogramme bag of coffee fetched Sh15,000 compared to the…
Old Mutual gets approval to acquire UAP Holdings stake
Old Mutual gets approval to acquire UAP Holdings stake Old Mutual can now acquire a 37.3 per cent stake of UAP Holdings, following approval of the transaction by regulators.The acquisition is expected to hand Old Mutual a 60.7 per cent stake in UAP Holdings on completion.Old Mutual in January…
1
