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Safaricom record share price was overpriced by Sh250 billion, analysts say

With 22 days to go for Safaricom to announce its financial performance, the top telcos share price has hit record levels. Safaricom shares traded between Sh30.25 and Sh31 .25 on Monday and hit a 52-week...
Shelter Afrique

Mortgage lender gets nod to restructure loans

Bond holders have given Shelter Afrique a go ahead to renegotiate it's short term loans over the next three months. The mortgage lender can now breathe easy and bring the seven banks to the table...

Foreign buyers target Britam as locals buy into Safaricom billion shillings profits

Investment firm Britam Holdings (BRIT Sh15.80) gained the most in yesterday’s trading and moved the largest amount of shares pulling through 41.1 million shares with a 6.8 bump in share price. According to Standard Investment...

UAP Old Mutual merger starts bearing fruit

UAP old Mutual has reduced its exposures by Sh1 billion by cutting off 100 high-risk accounts according to Group CEO Peter Mwangi. This helped the firm secure an impressive 46.5 percent in net margin growth...

Markets punish Centum as bourse value dips

The market on Friday was shaken by Centum’s surprise profit warning which saw its share dip 6 percent to a one year low from Sh40.25 to Sh37.75. Another surprising counter was Stanbic Bank which picked up trading...

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