Competition hots up for KQ as Fastjet enters Nairobi Low-cost carrier Fastjet is set to launch Tanzania to Nairobi flights on Monday, stepping up competition for Kenya Airways (KQ) and its associate Precision Air which also fly the same routes. Fastjet has announced daily flights from…

Kapchorua Tea Company Ltd Top Gainer as Home Afrika Ltd Declines Kapchorua Tea Company Ltd (KAPC) was the top gainer of the day. It gained 10% to close at KES 220.00 which was a KES 20.00 gain in share price. Home Afrika Ltd (HAFR) was the top loser of the…

Kakuzi Limited Top Gainer as Home Afrika Ltd Declines Kakuzi Limited (KUKZ) was the top gainer of the day. It gained 9.78% to close at KES 348.00 which was a KES 31.00 gain in share price. Home Afrika Ltd (HAFR) was the top loser of the day. It had a…

Safaricom M-Pesa transfers across borders hit Sh17bn The value of cross-border M-Pesa transactions has hit Sh17 billion four years since the service was introduced, indicating a high growth potential for mobile money transfers in facilitating international remittances and business transactions. Safaricom says the uptake of M-Pesa…

Treasury behind borrowing targets on high finance costs As the current financial year started it emerged the government was experiencing unprecedented difficulties in raising cash, partly because the Sh2.2 trillion Budget was an increase of 25 per cent while domestic borrowing and tax revenues were short…

M-Pesa now enters Uganda in Safaricom, MTN pact M-Pesa users will now send and receive money from one of Kenya’s biggest trade partners Uganda after Safaricom partnered with MTN, a mobile phone service provider in the neighbouring country. Uganda is one of Kenya’s top trading partners…

Britam profit alert pushes the tally for the year to a record high of 14 Britam Holdings has announced its 2015 profit will fall below last year’s, becoming company number 14 to issue a profit warning. Britam attributed this to a depressed economy that had slowed…

Sasini Limited Top Gainer as British American Tobacco Kenya Limited Declines Sasini Ltd (SASN) was the top gainer of the day. It gained 9.64% to close at KES 22.75 which was a KES 2.00 gain in share price. British American Tobacco Kenya Limited (BAT) was the top loser of the day. It had…

Collymore says Safaricom will not risk CBK’s wrath over bitcoin transactions Safaricom CEO Bob Collymore has said the telecommunications giant will not agree to have bitcoin-related transactions on its M-Pesa system unless the virtual currency is authorised by the banking sector regulator. Safaricom CEO Bob Collymore…

TransCentury Limited Top Gainer as Jubilee Holdings Limited Declines  TransCentury Limited (TCL) was the top gainer of the day. It gained 9.42% to close at KES 7.55, which was a KES 0.65 gain in share price. Jubilee Holdings Limited (JUB) was the top loser of the day. It had a loss of  8.20%…