Closing Bell: Kakuzi Limited Top Gainer as Williamson Tea Kenya Limited Declines
Kakuzi Limited Top Gainer as Williamson Tea Kenya Limited Declines Kakuzi Limited (KUKZ) was the top gainer of the day. It gained 10% to close at KES 330.00 which was a KES 30.00 gain in share price. Williamson Tea Kenya Limited (WTK) was the top loser of the day. It…
Closing Bell: WPP Scangroup Limited Top Gainer as Jubilee Holdings Limited Declines
WPP Scangroup Limited Top Gainer as Jubilee Holdings Limited Declines WPP Scangroup Limited (SCAN) was the top gainer of the day. It gained 9.78% to close at KES 25.25 which was a KES 2.25 gain in share price. Jubilee Holdings Limited (JUB) was the top loser of the day. It…
Insurance sector sinks into losses in first half of year
Insurance sector sinks into losses in first half of year The insurance sector posted underwriting loss in general business in the six months to June following a spike in claims in the motor and medical classes. The insurance sector recorded a loss of Sh104 million in…
CMA gears up for launch of derivatives exchange
CMA gears up for launch of derivatives exchange The Capital Markets Authority (CMA) is stepping up preparations for the introduction of an exchange for derivatives, which are used for hedging risk. The CMA has partnered with the Dubai Financial Services Authority to train local players on…
Closing Bell: Crown Paints Kenya Limited Top Gainer as Atlas Development and Support Services Ltd Declines
Crown Paints Kenya Limited Top Gainer as Atlas Development and Support Services Ltd Declines Crown Paints Kenya Limited (BERG) was the top gainer of the day. It gained 8.2% to close at KES 66.00 which was a KES 5.00 gain in share price. Atlas Development and Support Services Ltd (ADSS)…
EA Cables picks ex-Safaricom manager as CEO in revival bid
EA Cables picks ex-Safaricom manager as CEO in revival bid East African Cables has hired a former Safaricom manager, Peter Arina, as its chief executive. Mr Arina will be expected to revive the flagging fortunes of the cables manufacturer. The East African Cables reported 14 per…
Closing Bell: Pan Africa Insurance Company Ltd Top Gainer as Sasini Ltd Declines
Pan Africa Insurance Company Ltd Top Gainer as Sasini Ltd Declines Pan Africa Insurance Company Ltd (PAFR) was the top gainer of the day. It gained 10% to close at KES 66.00 which was a KES 6.00 gain in share price. Sasini Ltd (SASN) was the top loser of the…
Athi River Mining says new clinker plant to boost profit margins
Athi River Mining says new clinker plant to boost profit margins Athi River Mining (ARM) Cement expects profitability to improve now that it produces its own clinker for its East African cement plants, the firm’s managing director has said. ARM Cement, East Africa’s second biggest producer…
I&M Holdings in deal to acquire Giro Bank
I&M Holdings in deal to acquire Giro Bank I&M Holdings Ltd (IMHL) has reached an agreement to buy out tier III lender Giro Commercial Bank in a deal that will see I&M grow its asset base by Sh16.2 billion. IMHL, which is listed at the…
Rea Vipingo set to delist this month
Rea Vipingo set to delist this month Rea Vipingo is expected to delist at the Nairobi Securities Exchange (NSE) by the end of the month if the industry regulator approves the move. Chairman Richard Robinow says the sisal firm is now awaiting for the go ahead…
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