Unga Group Limited Top Gainer as Kakuzi Limited Declines Unga Group Limited (UNGA) was the top gainer of the day. It gained 9.09% to close at KES 45.00 which was a KES 3.75 gain in share price. Kakuzi Limited (KUKZ) was the top loser of the day. It had a…

Safaricom to launch TV decoders next month Safaricom is set to launch its own Internet-enabled digital television decoders next month, stepping up the battle for TV and data customers. Buyers of the high speed 4G-enabled Safaricom decoders will also have access to video-on-demand and downloads […] Tax experts fault KRA…

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…

Safaricom retains dominance as Airtel subscriber base gets boost Safaricom Ltd retained its pole position in Kenya’s mobile telephony industry with a subscription market share of 67.4 per cent. This is a slight increase of 0.7 per cent from 66.7 per cent recorded in the last quarter. A quarterly…

Equity’s returns on shareholder funds seen falling Regional lender Equity Bank could be headed for lower returns on shareholder funds as it doubles bad debt provisions and margins on interest income fall. As Equity grows its loan book, the analysts say, the return on equity (ROE) — used to measure…

Centum signs deal with UK brothers for Rea Vipingo Investment firm Centum has reached a multi-billion shilling  deal with two British brothers that will see it withdraw its hostile takeover bid for Rea Vipingo, an NSE-listed agricultural firm majority owned by the UK citizens. The deal will see Centum acquire 10,546…

Mumias seeks arbitration over Sh1bn Kenya Power bill Troubled Mumias Sugar Company now wants the High Court to refer a Sh1.1 billion dispute with Kenya Power over an unpaid bill to arbitration. Kenya Power has sued the struggling miller for the unpaid Sh1.1 billion electricity bill and wants the court to freeze…

Family Bank earnings hit Sh1.8 billion Strong lending to SMEs helped boost Family Bank’s interest income leading to a 46 per cent growth in net profit for the year ended December 2014. The interest income growth was from SMEs. The bank expects to spend Sh1 billion to upgrade its IT…

Lower costs drive Barclays Kenya to 10pc net profit growth Barclays Bank of Kenya recorded a 10 per cent net profit growth in the year ended December, helped by lower costs. The lender had made a net profit of Sh8.3 billion in the period compared to Sh7.6 billion the year…

TransCentury, BAT top listed firms with diversified boards The analysis of the listed companies’ boards commissioned by New Faces New Voices (Kenya) was done by research firm Think Business, as a way of  improving corporate governance in Kenya’s listed firms. TransCentury Limited  and BAT are the leading companies in board diversification among…