KQ sends finance boss home, retires fleet chief National carrier Kenya Airways on Tuesday sent home its long-serving finance director, Alex Mbugua, in what was seen as part of a broader initiative to turn around the fortunes of the loss-making company […]…

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…

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…

East African Portland Cement Company Top Gainer as Atlas Development and Support Services Ltd Declines East African Portland Cement Company (PORT) was the top gainer of the day. It gained 10% to close at KES 44.00 which was a KES 4.00 gain in share price. Atlas Development and Support Services…

Ex-workers sue Uchumi for Uganda exit Former employees of Uchumi Supermarket have sued the retail chain for not informing them prior to closure of its Ugandan branches and exiting the country without remitting their salaries. Former employees say Uchumi Supermarket duped them and closed shop without…

Standard Chartered Bank’s profit for the 9 months ended September 2015, dropped by 24.30% to KES 6.23 billion compared to KES 8.22 billion reported in Q3 2014. Interest income rose by 0.91% to KES 16.63 billion compared to KES 16.48 billion reported in Q3 2014. Pretax profit dropped by 20.14%…

Liberty Kenya Holdings Limited Top Gainer as TransCentury Limited Declines Liberty Kenya Holdings Limited (CFCI) was the top gainer of the day. It gained 7.45% to close at KES 18.75 which was a KES 1.30 gain in share price. TransCentury Limited (TCL) was the top loser of the day. It…

Jubilee Holdings Limited Top Gainer as Home Afrika Ltd Declines Jubilee Holdings Limited (JUB) was the top gainer of the day. It gained 9.82% to close at KES 425.00 which was a KES 38.00 gain in share price. Home Afrika Ltd (HAFR) was the top loser of the day. It…

Seven bank stocks touch one-year low at NSE trading Seven banking counters at the Nairobi Securities Exchange (NSE) on Wednesday touched a one-year low as the market responded to the sudden closure of Imperial Bank leading to the indicative NSE 20 share index dropping to levels…