Growth in housing market cooling off, says KBA
Growth in housing market cooling off, says KBA Prices of property increase marginally in the second quarter of the year amid rising inflation and tight liquidity.The property market is showing signs of cooling off with house prices only rising marginally in the second quarter of…
Closing Bell: Kakuzi Limited Top Gainer as East African Portland Cement Declines
Kakuzi Limited Top Gainer as East African Portland Cement Declines Kakuzi Limited was the top gainer of the day. It gained 5.88% to close at KES 360.00, which was a KES 20.00 gain in share price. East African Portland Cement (PORT) was the top loser of the day. It had…
Closing Bell: TransCentury Limited Top Gainer as Pan African Insurance Declines
TransCentury Limited Top Gainer as Pan African Insurance Declines TransCentury Limited was the top gainer of the day. It gained 9.90% to close at KES 16.65, which was a KES 1.50 gain in share price. Pan African Insurance (PAFR) was the top loser of the day. It had a loss…
Closing Bell: TransCentury Limited Top Gainer as Centum Investments Declines
TransCentury Limited Top Gainer as Centum Investments Declines TransCentury Limited (TCL) was the top gainer of the day. It gained 9.97% to close at KES 16.00, which was a KES 1.45 gain in share price. Centum Investments Company (ICDC) was the top loser of the day. It had a loss…
Closing Bell: Kakuzi Limited Top Gainer as Pan African Insurance Declines
Kakuzi Limited Top Gainer as Pan African Insurance Declines Kakuzi Limited (KUKZ) was the top gainer of the day. It gained 10.00% to close at KES 363.00 which was a KES 33.00 gain in share price. Pan African Insurance Company (PAFR) was the top loser of the day. It had…
Closing Bell: Williamson Tea Top Gainer as East African Portland Cement Declines
Williamson Tea Top Gainer as East African Portland Cement Declines Williamson Tea Kenya (WTK) was the top gainer of the day. It gained 3.91% to close at KES 399.00, which was a KES 15.00 gain in share price. East African Portland Cement (PORT) and Standard Group Limited (SGL) were the…
Closing Bell: East African Portland Cement Top Gainer as Nation Media Group Declines
East African Portland Cement Top Gainer as Nation Media Group Declines East African Portland Cement (PORT) was the top gainer of the day. It gained 9.24% to close at KES 65.00, which was a KES 0.50 gain in share price. Nation Media Group (NMG) was the top loser of the…
Mumias goes for its former CEO to drive turnaround
Mumias goes for its former CEO to drive turnaround Mumias Sugar has hired an Australian, Eroll Johnston, as its new chief executive officer to drive turnaround of the company after receiving a Sh1 billion State bailout package. Mr Johnston’s term begins on August 1, with the…
Uchumi to close loss-making outlets, sell assets in recovery plan
Uchumi to close loss-making outlets, sell assets in recovery plan Uchumi Supermarkets has announced radical changes to its operations, which include closing down several outlets and selling a Sh2 billion plot in Kasarani in its newest plan to steer clear of financial troubles. This development comes…
NSE chief urges openness by listed firms to woo foreigners
NSE chief urges openness by listed firms to woo foreigners Kenyan companies need to increase the level of disclosure if they hope to attract significant foreign funding, the Nairobi Securities Exchange (NSE) chief executive has said. Geoffrey Odundo said local and foreign investors are only comfortable with firms that…
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