Stanlib extends debut Reit sale by week after investors seek clarity
Stanlib extends debut Reit sale by week after investors seek clarity The sale of Stanlib Investments debut Real Estate Investment Trust (Reit) has been extended by one week after the issuer asked for more time in response to investor queries. The investment firm said fund, pension…
Closing Bell: Atlas Development and Support Services Ltd Top Gainer as Standard Group Limited Declines
Atlas Development and Support Services Ltd Top Gainer as Standard Group Limited Declines Atlas Development and Support Services Ltd (ADSS) was the top gainer of the day. It gained 8.77% to close at KES 3.10, which was a KES 0.25 gain in share price.
Safaricom out to link 2,000 more homes with fibre optic cable
Safaricom out to link 2,000 more homes with fibre optic cable Safaricom is seeking to connect 2,000 more homes to its fibre optic network by the end of the year in a bid to reduce reliance on voice business as a profit driver. Jamii Telecom’s Jamii…
Closing Bell: Carbacid Investments Limited Top Gainer as Uchumi Supermarket Limited Declines
Carbacid Investments Limited Top Gainer as Uchumi Supermarket Limited Declines Carbacid Investments Limited (CARB) was the top gainer of the day. It gained 9.70% to close at KES 16.40, which was a KES 1.45 gain in share price. Uchumi Supermarket Limited (UCHM) was the top loser of the day. It had…
Closing Bell: Kakuzi Limited Top Gainer as Sameer Africa Limited Declines
Kakuzi Limited Top Gainer as Sameer Africa 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. Sameer Africa Limited (FIRE) was the top loser of the day. It had a…
KenolKobil eyes higher revenue with Sh1.5bn Nairobi office block
KenolKobil eyes higher revenue with Sh1.5bn Nairobi office block KenolKobil is set to build a Sh1.5 billion office block in Nairobi’s central business district to serve as its new headquarters besides generating rental income. The 22-storey building will be located on a one-acre parcel of land…
Safaricom eyes SMEs in cash transfer deal for Lipa na M-Pesa with 8 banks
Safaricom eyes SMEs in cash transfer deal for Lipa na M-Pesa with 8 banks Safaricom has signed a deal with eight more banks to offer retailers real-time money transfer from the Lipa na M-Pesa tills to their banks accounts, a move aimed at recruiting more merchants…
M-Pesa airtime top-ups hit scratch card dealers
M-Pesa airtime top-ups hit scratch card dealers Safaricom’s airtime dealers are seeing their commissions squeezed as the volume of top-ups made directly from the telecom operator’s M-Pesa platform outpaces the growth of scratch cards. The volume of M-Pesa airtime top-ups peaked at 38 per cent in…
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: Uchumi Supermarket Limited Top Gainer as Car & General (Kenya) Ltd Declines
Uchumi Supermarket Limited Top Gainer as Car & General (Kenya) Ltd Declines Uchumi Supermarket Limited (UCHM) was the top gainer of the day. It gained 6.99% to close at KES 9.95 which was a KES 0.65 gain in share price. Car & General (Kenya) Ltd (C&G) was the top loser…
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