Telcos regulator board meets on Monday over Airtel licence renewal
Telcos regulator board meets on Monday over Airtel licence renewal The board of the Communications Authority of Kenya (CA) is set to meet on Monday to discuss the renewal of Airtel Kenya’s licence, which expired seven months ago. The Monday meeting comes on the backdrop of a…
Closing Bell: Atlas Development and Support Services Ltd Top Gainer as Nairobi Securities Exchange Limited Declines
Atlas Development and Support Services Ltd Top Gainer as Nairobi Securities Exchange Limited Declines Atlas Development and Support Services Ltd (ADSS) was the top gainer of the day. It gained 9.86% to close at KES 3.90 which was a KES 0.35 gain in share price. Nairobi Securities Exchange Limited (NSE)…
Wednesday Brief – 25th Feb
Mastermind wins Kenya Power deal to build substations Advertising firm Magnate Ventures and Mastermind Tobacco, through its subsidiary NGM Ltd, have signed lucrative tenders for construction of 36 Kenya Power substations in bids, which were dominated by Asian and Gulf-based companies. According to Kenya Power, the new substations will improve…
Wednesday Brief -18th Feb
Rift Valley Railways seeks Sh1.2 billion fuel levy refund Rift Valley Railways (RVR) has sued the government for wrongfully charging it the levy that is specific to road users despite its continued operation as a railway-specific company. The firm is seeking a refund of Sh1.3 billion for the Road Maintenance…
Kenya Orchards Share Price Mystery
In the last year, Kenya Orchards (ORCH) share price has gone from Kshs 4.75 to Kshs 175, a 3,500% gain via small trading volumes of about 1,000 per day (The company has 12.8 million shares issued). 100 is the minimum number…
The Closing Bell: KenGen’s 46% Profit Decline Makes It NSE Top Loser
At 3.10 pm today when the Nairobi Securities Exchange (NSE) closed Kenya Electricity Generating Company -Kengen- (KEGN) had fallen 17.37% from yesterday’s KES 12.95 to KES 10.70. KenGen released its end of year results posting …
The Closing Bell: Kenya Power’s 88% Profit Rise Makes It NSE Top Gainer
At 3.10 pm today when the Nairobi Securities Exchange (NSE) closed The Kenya Power & Lighting Company Limited (KPLC) had risen 13.33%. The power distributor released its end of year results today posting …
Oct 17 Closing Bell: Profit Taking Places Britam Among Top Decliners At The NSE
British American Investments Limited – Britam – (BRIT) ended today among the top losers at the Nairobi Securities Exchange (NSE). Its closing price was KES 28.00, a drop of 2.61% compared to Thursday’s price of…
Oct 15 NSE Closing Bell: East African Cables Among Top Gainers On Dividend Announcement
.East African Cables Limited (CABL) was among the top gainers today on the Nairobi Securities Exchange (NSE). The cable manufacturer yesterday announced an interim dividend of KES 0.50 per share. The dividend will…
Oct 15 Morning Bell: BAT Hits KES 1000 Again At The NSE
British American Tobacco Kenya Limited (BAT) was trading at KES 1000 as at 11.15 today on the Nairobi Securities Exchange. This was the second time the share has hit its all time high. The…
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