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MARKETS

Money and markets section. This covers stock market, equities, bonds, banks and insurance as well as agribusiness.

New products lift Eveready income by Ksh120 million

Eveready East Africa says its diversification strategy has started paying off with new products contributing Ksh120 million in revenues last year.  The amount represents...

From rags to riches as two poor farmers get Ksh8 billion...

Two families of peasant farmers were awarded Ksh8 billion in landmark ruling by a court in Eldoret. It was joy and jubilation for members...

How to avoid being blacklisted by banks

A credit reference bureau, or CRB, is a company licensed by central bank of Kenya to collect, store and collate credit information on individuals...

Retirement benefits schemes get investment lifeline

Retirement benefits schemes can invest up to 10 percent of their portfolio in private equity and venture capital licensed by Capital Markets Authority (CMA)....

Uchumi shares fall off investors’ radar

Two analysts have issued bleak outlook for Uchumi Supermarkets in research notes to investors. Cytonn Investments has made a U-turn from its earlier note advising investors...

KQ to sack 600 employees in May

Kenya Airways has announced that 600 employees will lose their jobs as it moves to restructure its operations. KQ has been in the limelight since CEO...

Fusion capital exits Athi River property with double returns

Property developer Fusion Capital has successfully exited its residential development in Athi River, Machakos County, realising double return for investors. The development, known as Graceland...

NBK sinks in Ksh1.2 billion loss

National Bank of Kenya (NBK) reported a full-year loss of Ksh1.2 billion, just a day after issuing a profit warning.  This is a major...

List: Cheapest and most expensive banks in Kenya

The Kenyan Banks Tariff Survey 2016, conducted by Think Business Limited has a bag of mixed but interesting findings. Tier II banks are on...

Dennis Oliech to sue the Star over article saying he’s broke

Former Harambee Stars striker Dennis Oliech has threatened to sue the Star newspaper for defamation over a story it published today. In a statement, the former Kenya international, speaking...