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STOCKS

KenGen taps rights issue for Ksh29 billion

Shareholders of the Kenya Electricity Generating Company (KENGEN) can now take up their entitlement in the rights issue following the opening of the offer yesterday. KenGen...

Safaricom profit hits Ksh38 billion

Mobile services operator Safaricom posted a 19% increase in full-year profit that exceeded market expectations as new users helped drive income from all services...

Equity first quarter profit jumps to Ksh5.1 billion

Equity Bank Group has reported a 20 per cent jump in profits for the first quarter of the year, buoyed by an increase in interest income. Profit...

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...

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...

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...

NSE indicators down despite rise in trade

Turnover rose to Ksh805M from the previous session’s Ksh525M, the number of shares traded stood at 30M against 23M posted yesterday. The NSE 20 Share...
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