Nairobi securities Exchange (NSE) trading floor (BEVERLYNE MUSILI) NAIROBI, KENYA : The Nairobi Securities Exchange has reviewed the constituent counters of its NSE 20 and 25 Share Index, with effect from April 3. The review of the NSE 20 share index incorporates the inclusion of Kenya Reinsurance Corporation Limited, NIC Group Plc and Nairobi Securities […]
Diamond Trust Bank was the top gainer of the day on Thursday at the Nairobi Securities Exchange (NSE) with 6.56 percent at the price of 69.00 shillings per share. Olympia Capital was the second top gainer with 4.91 percent at the price of 2.35 shillings per share followed by the giant telecommunications company, Safaricom who […]
The top five gainers of the day at the Nairobi Securities Exchange (NSE) on Wednesday were I & M Holdings, Barclays NewGold ETF, East African Breweries Limited, Britam Holdings, and Total Kenya. I & M Holdings gained 3.89 percent at the price of 46.75 shillings per share followed by Barclays NewGold ETF with a gain […]
Supply chain disruption from COVID-19 combined with extreme weather has disrupted electricity supplies. As the pandemic and extreme weather disrupt electricity supplies for Kenyans, alternative energy sources like solar power are providing sustainable options. One in four Kenyans – mostly in rural areas – do not have access to electricity. "Sometimes I would even take […]
Featured image: Stock RES4Africa Foundation and the East African Centre of Excellence for Renewable Energy and Energy Efficiency (EACREEE) have signed a memorandum of understanding that will expand the Micro-Grid Academy in Kenya. The agreement between the EACREEE and RES4Africa is meant to increase cooperation and mutual support between the two organisations in the promotion […]
The government has disbanded Kenya Power board of management by coercing board members to resign as a new one is being constituted. According to highly placed sources who spoke to Kahawa Tungu , the board members were asked by President Uhuru Kenyatta to tender their resignation, which they all did. A new board is expected […]
A number of African countries are in the process of converting ‘take-or-pay’ clauses in power purchase agreements (PPAs) to ‘take-and-pay’ clauses, in an attempt to alleviate the financial burden of paying for gas or electricity that is not ultimately used or delivered. However, a shift towards take-and-pay clauses will look unattractive to prospective lenders and […]
WPP ScanGroup was the largest loser at the Nairobi Securities Exchange (NSE) on Wednesday. The company lost 43.77 percent at the price of 11.05 shillings per share. The second top loser was Longhorn Publishers with 8.16 percent at the price of 4.50 shillings per share followed by Trans-Century with a loss of 7.65 percent at […]
The top gainer of the day on Tuesday was Home Afrika with 9.09 percent at the price of 0.48 shillings per share followed by Bamburi Cement with 7.31 percent at the price of 27.90 shillings per share. ABSA Bank Kenya gained 3.77 percent at the price of 9.36 shillings per share followed by Stanbic Holding […]
When Lucyline Wanja Silas installed a 12-volt solar power unit at her home to help her children study at night, little did she know it would become essential to her and her neighbors in Gakunga village, central Kenya, during the coronavirus pandemic. Ms. Wanja, a farm worker, said she had not made any money since […]
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