The benchmark composite index close the period at 2,766.80 Despite an uptick in activity, the Ghana Stock Exchange (GSE) saw volume and value of shares traded dip 64.98 percent and 45.09 percent respectively on a year-on-year (YoY) basis in January, according to data from the Accra bourse. This comes as aggressive profit-taking anchored on the […]
WPP Scangroup has announced the appointment of Patricia Ithau as its Chief Executive Officer. Patricia is an accomplished business and marketing leader who brings more than 25 years of experience in senior leadership roles. Throughout her career, she has overseen the expansion of major consumer brands in Eastern Africa at companies including Unilever, Diageo/East African […]
East African Breweries is cautiously optimistic about the prospects for its second half, its chief executive has said, adding that the threat posed by the COVID-19 pandemic is not over. Jump In Sales The firm, which is controlled by Britain’s Diageo, posted a 23% jump in sales during its first half to the end of […]
The February 14 holiday accounts for about 50% of Kenya’s annual cut flower shipments Flowers on sale at a florist in Paris, France. Kenya authorized Ethiopian Airlines Group and Qatar Airways to deploy additional cargo flights to meet extra demand for flowers for Valentine’s Day. Ethiopia’s national carrier was granted 24 flights and the Qatari […]
A user with the latest mySafaricom App. FILE PHOTO | NMG When Safaricom became the first company in the world to launch a mobile money transfer platform in March 2007, the service was only accessible to the telco’s customers through a SIM card. The service, M-Pesa, grew rapidly as it made it relatively cheaper, faster, […]
There has been a drop in foreign investors at the Nairobi Securities Exchange as more capital shifted abroad. PHOTO | FILE The declaration led to a decrease in foreign investor participation by 13.66 percent, and a subsequent net outflow of $37 million, accounting for 42.16 percent of total net foreign outflows in 2021. In the […]
Nairobi Securities Exchange (NSE) on the trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG Foreign investors at the Nairobi Securities Exchange (NSE) slowed down their selling activity in January compared to the previous four months which were characterised by profit-taking on blue chip stocks. NSE […]
The Emerging Africa Infrastructure Fund (EAIF), which is part of the Private Infrastructure Development Group (PIDG) ( www.PIDG.org ), confirmed its leading position as a provider of debt funding to Africa’s alternative energy generation sector. EAIF has provided a US$35 million loan over a 15-year term to the 40MW Kesses solar generation facility to be […]
Equity Group has been named the fifth strongest banking brand in the world, according to the Brand Finance Banking 500 2022 annual report. The Group is the only new entrant among the top ten leading banking brands and has entered the arena with a Brand Strength Index (BSI) of 90.8 compared to the strongest banking […]
Here are some noteworthy cleantech announcements of the day from around the world: Independent power producer ReNew Power commissioned a 17.6 MW first phase wind-solar hybrid project at the Chlor-Alkali unit of Grasim Industries in Bharuch, Gujarat. ReNew Power and Grasim Industries have entered into a 25-year purchase power agreement, which will see the project […]
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