Africa.com ( www.Africa.com ) announced the second annual Africa.com Definitive List of Women CEOs on March 8, 2022, in line with International Women’s Day. The list is a unique, data-driven research effort that highlights the women who lead big business in Africa. The data for the effort is provided by Bloomberg. In short, the list […]
Category: Nairobi Stock Exchange
Local raw material sourcing spares EABL from Russia shocks
The strategic shift to local sourcing of raw materials has spared East African Breweries Plc (EABL) #ticker:EABL from supply chain disruptions following Russia’s invasion of Ukraine. The geopolitical event has led to soaring commodity prices including those of wheat and barley which are key brewing ingredients for the alcoholic beverages produced by EABL. “A few […]
Rosier times for Kenya’s post-Covid economy despite election jitters: analysts
Economic recovery began with easing of Covid containment measures and gradual resumption of business in the past year. PHOTO | FILE | NMG Market analysts expect rising political temperatures ahead of the August general election, rising fuel prices, lower agricultural output due to potential adverse weather and the desert locust infestation in the northern parts […]
Price of Kenya’s gold-backed fund hits all-time high
NAIROBI, March 2 (Xinhua) — The price of Kenya’s gold-backed exchange traded fund (ETF) hit an all-time high of 2,075 shillings (18.2 U.S. dollars) on Wednesday, with investors reaping big as the value of the precious metal continues to rise globally. The gold is traded at the Nairobi Securities Exchange (NSE) under the Absa New […]
Santam : pays record claims of R24.5 billion
Santam pays record claims of R24.5 billion 0 Shares KEY HIGHLIGHTS OF RESULTS: Growth of 5% in conventional insurance gross written premiums to R32.7 billion Conventional insurance net underwriting margin of 8% Net investment income attributable to shareholders of R1.5 billion Economic capital coverage ratio of 169% (target range of 150% to 170%) Headline earnings […]
M-pressive M-Pesa celebrates its 15th birthday
First launched in Kenya, the mobile payments service has transformed banking across much of Africa It now has 51 million users in eight African nations plus Afghanistan Economic and social impact has been immense Service continuing to expand and evolve — M-Pesa is now a full services financial provider Sunday 6 March marked the 15th […]
Stanchart partners with Sanlam to launch SC Shilingi Money Market Fund
Standard Chartered Bank Kenya (Stanchart) has partnered with Sanlam Investments East Africa Ltd (Sanlam) and Mangosteen BCC Pte Ltd (Bambu) to launch SC Shilingi funds. This is a low-ticket money markets fund proposition for Standard Chartered Bank clientele. The 100% digital investment product available on the SC Mobile app allows clients to investment amounts of […]
Keroche: How KRA’s thirst for taxes brought brewers down
A plant operator at Keroche Breweries supervises the production of Vienna Ice Strong Lager. May 2021 The decision by the Kenya Revenue Authority (KRA) to shut Naivasha-based Keroche Breweries over tax arrears of Sh323 million has brought to the fore the bruising brawl between the taxman and local brewers. KRA, whose perceived high-handedness has seen […]
Equity Group Holdings announces its Recovery and Resilience Plan
Equity Group has announced its strategic ‘Africa Recovery and Resilience Plan’, articulated in a three-part document, which is aimed at achieving social and economic transformation of Africa. Speaking at the event held today at the Sarova Stanley Hotel in Nairobi, Equity Group Holdings Managing Director and Chief Executive Officer (CEO), Dr James Mwangi, disclosed that […]
SAFARICOM : WINS 2 AWARDS AT PRESTIGIOUS MOBILE WORLD CONGRESS
Safaricom Edges Out Global Mobile Operators To Scoop Awards for M-PESA Super App and Blaze DigiTruck Nairobi, Kenya – 3 rd March 2022… Safaricom (NSE: SCOM ) has won a prestigious Global Mobile Award (GLOMO) for the M-PESA Super App at the ongoing Mobile World Congress in Barcelona. The Super App won under the category […]