KCB Group Plc on Friday listed an additional 142,979,717 shares at the Nairobi Securities Exchange (NSE) following the successful acquisition of the National Bank of Kenya (NBK). The additional stock now pushes the lender’s shares to 3,209,043,204, further cementing its position as the biggest bank in terms of market capitalization at the Nairobi bourse. KCB […]
Category: Hot Topics
Impasse on Ugandan oil short lived – Museveni
Museveni, flanked by Minister Muloni, arrives for the summit on Wednesday. President Yoweri Museveni has said that he is in touch with the executives of oil companies and will meet them soon to discuss the current impasse in the sector. Museveni, who was speaking at the 5th Oil and Gas Summit at Serena Hotel in […]
Stanchart Group CEO in Ghana for working visit
Mr Winters (right) in a handshake with President Akufo-Addo after the courtesy call at the Jubilee House The Group Chief Executive of Standard Chartered Bank, Mr Bill Winters, has paid a working visit to Ghana. He was accompanied by the Chief Executive Officer of Standard Chartered Nigeria and West Africa, Mr Lamin Manjang. A release […]
Kenya: Centum’s performance driven bonus system affects CEO too, giving him a 75 % Salary Reduction
Chief Executive officers are presumed to be immune to the company’s tough policies given that many company boards pull out all the stops to make the bosses happy. However, this is not usually the case for many firms. Centum Investment CEO James Mworia’s failure to meet his performance targets cost him 75 % salary reduction […]
Uganda: How 20% Share Offer Rule Starves Uganda’s Bourse of Public Listings
A rule that requires local companies to offer at least 20 per cent of their shares to the public before they are listed on the Uganda Securities Exchange is keeping away large companies from listing. According to industry sources, large companies operating in Uganda have majority ownership of between 85 per cent and 90 per […]
NSE 20-Share Index continues bear run
Analysts expect that the bourse could slide even further after Safaricom closes its dividend books next month. The Nairobi Securities Exchange (NSE) 20-Share Index slipped below 2,500 points Wednesday, deepening the bear run at the bourse as prices of key counters remained stuck at a decade low. The benchmark 20-Share Index, seen as a key […]
S.Africa announces visa waivers to Qatar, Saudi Arabia, UAE and New Zealand to boost tourism
South Africa on Thursday announced visa waivers for four countries in a bid to boost tourism amid an economic crisis and falling visitor numbers. South Africa on Thursday announced visa waivers for four countries in a bid to boost tourism amid an economic crisis and falling visitor numbers. Visitors from Qatar, Saudi Arabia, United Arab […]
Ecobank Group CFO resigns
E cobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has announced the resignation of its Chief Financial Officer (CFO), Greg Davis. In a statement, it said the CFO was leaving to enable him spend more time with his young family in the United Kingdom. The bank’s directors have accepted Davis’ resignation. They […]
DRC’s President Tshisekedi on international tour to restore economic confidence
President Tshisekedi’s most important objective as Congo’s new leader is the country’s economic recovery. Tshisekedi has been on a tour around the international community since he assumed office, with the aim of restoring investor confidence in the war-torn Central African country. During a recent visit to the United States, Tshisekedi met with the Executive Chairman […]
No frills airline Jambojet eyes in-flight advertising as new revenue source
The Kenyan no frills airline Jambojet to make the most of inflight advertising as a way to generate revenue and reverse losses
