Kenya Power and Lighting Company (KPLC) emerged as the top gainer of the day on Wednesday, January 20, 2021, with 6.45 percent at the price of 1.65 shillings per share followed by HF Group with 5.52 percent at the price of 3.89 shillings per share. I & M Holdings and Britam Holdings gained 4.55 and […]
KEY POINTS Top gainers of the day; Unga Group, Total Kenya, Crown Paints Kenya, Uchumi Supermarkets, and Umeme. Top losers were Trans-Century, Standard Group, Longhorn Publishers, Centum, and Carbacid. As the month of January snails to an end, Unga Group kicked off this week as the top gainer of the day with 8.29 percent at […]
A couple of weeks ago, there was a graphic circulating that showed the alleged monthly salaries of the top ten highest paid chief executive officers in Kenya. The source was Wanjiku Reports . As expected, the ranking raised eyebrows and generated a heated debate online. On the list was Kenya Airways CEO Allan Kivaluka, a […]
The Safaricom share yesterday touched a new all-time of Sh35.10, pushing the combined wealth of investors at the Nairobi bourse to levels last seen 11 months ago and brightening prospects of recovery from Covid-19-induced price plunges. The jump in the Safaricom share from Tuesday’s Sh34.90 continues a rally that set in from the beginning of […]
NAIROBI, KENYA: Information on purported monthly salaries of Kenya’s top Chief Executive Officers has generated debate online with many finding it hard to believe the figures at a time when the same companies are struggling to balance their books due to the effects of the Covid-19 Pandemic. Titled Top 10 Highest Paid CEOs in Kenya, […]
CRDB and DSE were a positive effect on the Tanzania Share Index (TSI) while the cross listed counters pulled down the All Share Index (DSEI). The TSI gained 19.61 points during the week that ended on 15th January 2021, to close at 3,513.49 points. Correspondingly, the domestic market capitalisation went up by 0.56 per cent […]
The National Safety and Transport Authority (NTSA) announced in a notice that 29 licensed companies will offer a platform for cashless fare payment service as reported by Business Daily. This is a development from a June 16 2020 tender where NTSA sought tech companies to install mobile and web apps for nearly 200,000 matatus in […]
The dominance of the Safaricom stock at the Nairobi Securities Exchange (NSE) has grown in recent years, to the point where the company’s market capitalisation now accounts for 60 percent of the bourse’s total valuation. The Capital Markets Authority (CMA) has repeatedly expressed concern about the outsized share of the NSE’s total valuation that is […]
NSE PLC Chief Executive Officer Geoffrey Odundo during the release of the company’s half year results om August 27 The Nairobi Securities Exchange (NSE) will be seeking an end to a five year dry spell which has seen it go without a listing by initial public offer (IPO) in 2021. This is as market conditions […]
The Nairobi Securities Exchange (NSE) wants the government to cut its stake in key listed companies to as low as 10 percent in its latest bid to bring in new investors on the bourse amid lack of major listing in the last five years. The NSE is pushing for a scale-down of government ownership in […]
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