NSE 20 share index up on blue chip gains The NSE 20 share index inched upwards on Tuesday on modest blue chip gains, halting a slide that has seen the market drop below 5000 points to a six-month low. This was mainly on the back of gains by Bamburi, Standard…

Shilling slump and oil price rebound raises cost of fuel Motorists took a big hit from Thursday’s monthly review of petroleum prices, which will see them pay Sh3.54 and Sh1.86 more per litre of super petrol and diesel respectively. Energy Regulatory Commission (ERC) announced that super petrol will retail…

Safaricom share priced ‘above market peers’ Investment bankers at Citi Global Markets are indicating that the Safaricom stock at the Nairobi Securities Exchange (NSE) is trading at a premium compared to peers in emerging and frontier markets. Analysts have changed their recommendation from the “buy” made in January this…

Foreign investors flee NSE for bullish Nigerian exchange Investors are exiting the Nairobi Securities Exchange (NSE) for the higher yielding Nigerian bourse, piling more pressure on the weak Kenyan shilling. The indicative NSE 20 share index has been on a downward trend while the Nigerian 30 share index has…

Safaricom owners set for big pay day after Sh32bn profit Telecoms operator Safaricom Thursday announced a generous dividend policy that promises its owners the highest payout jump since its listing on the Nairobi Stock Exchange (NSE). Vodafone, the UK firm that is Safaricom’s single-largest shareholder…

Safaricom backs down on unpopular change to tariff Safaricom has changed its mind about taking away all the unused airtime, SMS credits and data held by Karibu Postpay tariff users after May 26 this year. Subscribers can keep their accumulated bundles but any new ones purchased from May 1 will…

KCB mobile phone-based service hits over one million accounts KCB Group’s mobile phone-based lending services has hit more than one million accounts a month after it was launched, underlining the high potential of mobile banking. The platform dubbed KCB-M-PESA signed its one millionth customer this week and its deposits grossed…

KQ stock dips 30 per cent as airline flies into turbulent times Kenya Airways has shed 30 per cent over the past two months reverting to a Sh7.75 low on a series of negative corporate reports, erasing price gains made between November last year and February 2015 […] Wrigley ups…

Banks, insurance stocks slow down in first quarter Key sectors at the Nairobi Securities Exchange (NSE) including banking and insurance comparably slowed down in the first quarter of the year, with analysts saying declining attraction is depressing share prices. Analysts at Stratlink Africa say financial sector stocks still provide…

Britam posts 23pc jump in 2014 after-tax profit Financial services group British-American Investments Company Limited (Britam) has announced an after tax profit of Sh2.8 billion for the year ended December 31 2014, up 23 per cent from Sh2.3 billion the previous year. Group Managing Director explained that the key…