Tuesday Brief – 24th Feb
Kenya’s Uchumi sinks into red but confident of east Africa expansion Kenya’s Uchumi Supermarkets Ltd posted a mid-year pretax loss after investing in new branches but said it was confident its expansion strategy in east Africa would soon pay off. A rise in staff costs and higher rental prices, including…
Thursday’s Morning Brief – Nov 20
KRA releases guidelines on withholding tax The Kenya Revenue Authority has released guidelines for the collection of withholding VAT on payments made to government suppliers, which will be charged at 6% of the cost of supplied goods or services. Withholding VAT was reintroduced in the Finance Act 2014 […
Monday’s Morning Brief – Nov 17
President Uhuru Kenyatta to open investment forum Kenya is set to host its first two-day investment conference in Nairobi this week as the State intensifies its efforts to woo foreign investors. About 2,000 potential investors from over 100 countries are expected to attend the event at the Kenyatta International Convention…
Closing Bell: Uchumi Rebounds To Close Above Rights Issue Price
Uchumi Supermarkets Limited (UCHM) was the top gainer at the Nairobi Securities Exchange (NSE). It ended the day at KES 9.20, up 9.52% from yesterday’s close of KES 8.40. This was 20 cents higher than its rights issue price of KES…
Friday’s Morning Brief – Nov 14
Treasury aims to raise KES 15bn with reopening of 15-year paper The National Treasury is seeking to raise KES 15 billion in a 15-year bond sale. The fixed-income paper, which offers 10.25% as interest payable twice a year, closes next Tuesday, November 18. The Treasury has avoided offering such long-dated securities to…
The Closing Bell: Uchumi The Biggest Mover At The NSE
At 3.10 pm today when the Nairobi Securities Exchange (NSE) closed, Uchumi Supermarkets Limited (UCHM) was the most traded share. Over 11.91 million shares of the retailer changed hands today, representing 44.9% of all shares traded.
Oct 21 NSE Closing Bell: Olympia Capital Doubles Price On Market Volatility
Olympia Capital Holdings (OCH) was today the top gainer at the Nairobi Securities Exchange (NSE). Its closing price was KES 7.40, a rise of 100% compared to last Friday’s price of KES 3.70. “The rise can be attributed to…
Oct 21 Morning Bell: Olympia Capital Up 89% At The NSE
An update on the Nairobi Securities Exchange (NSE) as at noon today, Olympia Capital Holdings (OCH) was exchanging at KES 7.00, a rise of 89.19% from last Friday’s closing price of KES 3.70. The winners Olympia Capital,…
5 Things You Should Know This Morning – Oct 21
Good times for depositors as Central Bank of Kenya (CBK) unveils new refund plan Governor Njuguna Ndung’u says CBK’s focus would now be directed to strengthening the deposit insurance design that will add value to the depositors and the financial system in general. He says the proposed measures, which are…
Hospitality Counters Off To A Bad Start
COUNTER WATCH Uchumi Supermarket – Having closed the day at KES 19.25, the counter’s price took a slight dip in share price by 25 cents. Bearing in mind that the supermarket is looking to raise KES 1.5 billion in a share offer next year, a downward spiral…
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