Closing Bell: Sasini Ltd Top Gainer as Limuru Tea Company Limited Declines
Sasini Ltd Top Gainer as Limuru Tea Company Limited Declines Sasini Ltd (SASN) was the top gainer of the day. It gained 9.29% to close at KES 20.00 which was a KES 1.70 gain in share price. Limuru Tea Company Limited (LIMT) was the top loser of the day. It…
Closing Bell: I&M Holdings Ltd Top Gainer as Kapchorua Tea Company Ltd Declines
I&M Holdings Ltd Top Gainer as Kapchorua Tea Company Ltd Declines I&M Holdings Ltd (I&M) was the top gainer of the day. It gained 9.09% to close at KES 108.00 which was a KES 9.00 gain in share price. Kapchorua Tea Company Ltd (KAPC) was the top loser of the…
Equity brokerage arm gains most in 2015
Equity brokerage arm gains most in 2015 Equity Investment Bank’s partnership with UK’s Exotix Partners helped push it up the ladder in 2015, leaving it among market leaders with strong foreign trading desks. EIB had 4.49 per cent market share in 2014, ranking the firm eighth among the 19 brokers…
KPMG set to replace Ernst & Young as Uchumi auditors
KPMG set to replace Ernst & Young as Uchumi auditors KPMG is set to take over from Ernst & Young the auditing of troubled retailer Uchumi Supermarkets, which has accused its former top management of manipulating its last year’s financial statements. The consultancy, classified as one…
Safaricom war with Bitcoin dealer sparks CBK warning
Safaricom war with Bitcoin dealer sparks CBK warning BitPesa is locked in an acrimonious court battle with Safaricom over the telecom operator’s decision to terminate M-Pesa payments to the platform’s gateway dubbed Lipisha Consortium. Through the BitPesa platform, users can convert bitcoin into Kenya shillings and…
Closing Bell: Nation Media Group Top Gainer as TransCentury Limited Declines
Nation Media Group Top Gainer as TransCentury Limited Declines Nation Media Group (NMG) was the top gainer of the day. It gained 8.33% to close at KES 195, which was a KES 15.00 gain in share price. TransCentury Limited (TCL) was the top loser of the day. It had a…
Uchumi battles to recover Sh2bn from landlords
Uchumi battles to recover Sh2bn from landlords Uchumi had committed to open more than 20 outlets in Kenya in the mid-term and had reserved space in malls such as Centum-owned Two Rivers, Sarit Centre, Lake Basin Mall in Kisumu and Kenyatta University’s Unicity. The payments now…
NBK net income more than doubles
NBK net income more than doubles The National Bank of Kenya has announced a more than double growth in net earnings for the nine months to September to Sh2.3 billion from Sh1 billion the same period last year. The group’s total interest income of rose to Sh9.75 billion…
National Bank of Kenya 2015 Q3 Results
National Bank’s profit for the 9 months ended September 2015, increased by 120.59% to KES 2.25 billion compared to KES 1.02 reported in Q3 2014. Interest income increased by 27.80% to KES 9.75 billion compared to KES 7.63 billion reported in Q3 2014. Pretax profit increased by 79.89% to KES…
Jubilee overtakes Britam in market valuation at NSE
Jubilee overtakes Britam in market valuation at NSE Jubilee Holdings has overtaken Britam to become the most valued insurer at the Nairobi Securities Exchange for the first time since October 2013.The composite underwriter now has a market valuation of Sh33.5 billion compared to Britam’s Sh31.1…
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