It is now clear that the Competition Authority is a watchdog with a real bite and not just a bark. The competition regulator, approaching its 10 th birthday, has been keen to clamp down on market activity that falls foul of the Competition Act. When the Act came into force in 2012, the mandate of […]
Top Gainer The top gainer of the day at the Nairobi Securities Exchange was Uchumi Supermarket with 10.10 percent at the price of 0.22 shillings per share followed by Sasini with 7.43 percent at the price of 21.70 shillings per share. Umeme and Kakuzi gained 6.21 and 5.73 percent at the price of 6.50 and […]
One of Africa’s biggest airlines, Kenya Airways, narrows losses occasioned by COVID-19 as the carrier expects a 20 per cent rise in revenue in 2022, according to its CEO, Allan Kilavuka. The carrier, in which government has a 48.9 per cent stake, saw revenue go down by half at the height of the pandemic in […]
Cane farmers have accused Mumias Sugar Company’s receiver-manager of using extraneous factors to lock out the highest bidders from the race. From court papers, it has emerged that West Kenya Sugar Limited was knocked out of the race to lease Mumias, as it would have allegedly dominated the sugar industry in Kenya. Mumias Sugar Company […]
Pieter Bastiaanssen, Managing Director, Middle East & Africa at Nutreco. With the world’s population estimated to hit 10 billion people by 2050, the need to address challenges such as food insecurity, hunger and malnutrition is urgent. According to the Food and Agriculture Organisation (FAO), hunger will affect 9.8 per cent of the world’s population (over […]
The investors say Kenya and Africa, in general, have a myriad of glaring opportunities that need to be tapped. Last December, the African Import and Export Bank (Afrexim Bank) said it wants to pump money into Kenyan firms in various sectors as the Pan-African lender eyes an increased role in the Kenyan economy. Despite mounting […]
Longhorn Publishers Plc recorded a net profit of Sh15 million in the year ended December, reversing a net loss of Sh145.3 million a year earlier. The improved earnings was driven by higher sales which more than tripled to Sh960.9 million amid increased purchase of books and other learning materials. The company did not say whether […]
NAIROBI, Kenya Feb 10-WPP Scangroup has announced the appointment of Patricia Ithau as Chief Executive Officer. Ithau comes in to head Scangroup following the resignation of Bharat Thakrar as CEO and board member in March 2021. She is a highly accomplished business and marketing leader who brings more than 25 years of experience in senior […]
The turnover recorded was more than two folds improvement from last month’s 5.51bn/- turnover and January 2021 turnover of 6.72bn/- According to statistics from DSE, both market Indices closed the month on the positive side with the All-Share Index (DSEI) gaining 22.08 points and closing with 1,918.79 points while While the Tanzania Share Index (TSI) […]
KEY POINTS Uchumi Supermarket was the top loser after shedding off 9.09 percent at the price of 0.20 shillings per share followed by Sasini and Trans-Century with a loss of 5.61 and 4.31 percent at the price of 20.20 and 1.11 shillings per share. Top Gainers The top gainer of the day at the Nairobi […]
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