Liberty Kenya Holdings Limited continued to perform well and closed the day as the top gainer in the market. It ended the day at KES 23.00 having gained 9.52% (KES2.00) in its share price. Transcentury Limited took the lead as being the worst performer in the exchange. The counter registered…

Bond failure and project delays hit Home Afrika’s profit Property developer Home Afrika has announced a 90 per cent drop in profit last year, attributing it to project delays after the firm’s Sh900 million bond issue failed. The bond flop saw the company turn to bankers taking a loan of…

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…

TransCentury stock value drops by 67pc since listing in 2011 TransCentury Limited shareholders have seen the value of their holdings in the company plummet by two-thirds over the past four years, a sign that the share may have been too optimistically priced during its listing by introduction. TransCentury was valued at…

Kenya’s Transcentury swings into 2.11 bln shillings loss in 2014 Transcentury reported on Friday a pretax loss of 2.11 billion shillings ($22.42 million) for 2014, after posting a 859 million shillings profit the previous year. It blamed the loss on a 36 percent drop in revenue from its engineering…