The stock market shed Sh65.6 billion in investor wealth in the first two trading sessions this week, pressured by foreign investor sales that have overshadowed the expected price rally ahead of the dividend season. The NSE’s market capitalisation fell to Sh2.49 trillion on Tuesday from Sh2.56 trillion at the beginning of the trading week. Safaricom […]
Category: Nairobi Stock Exchange
Kenya: 37 Youths Living With Disabilities Complete CISCO Certified Technicians Program
Nairobi — The first Cohort of 37 youths living with disabilities have graduated after passing their CISCO Certified Technicians (CCT) and Cisco Certified Network Associates in Security (CCNA Security) Exams. The graduands were trained for 9 months in Bridge IT Academy, which was launched in March 2021 targeting at equipping trainees with a strong career […]
Kenya Airways Partners With the Magical Kenya Open as Official Airline Partner
Nairobi — National carrier, Kenya Airways, has announced a partnership with Kenya Open Golf Limited as the official airline partner during this year’s edition of the Magical Kenya Open Championship. The partnership will see the carrier fly in all the Professional Golfers Association (PGA) officials who will be supervising and managing the tournament. The airline […]
Kenya Airways making inroads in slum tourism
Full moon is seen behind a Kenya Airways (KQ) tail of the plane on March 27, 2020 at Jomo Kenyatta International Airport (JKIA). Loss-making Kenya Airways made a spectacular fly-past over the Mathare Valley last weekend, prompting speculation that slum tourism was finally here. The Kenya Open Golf tourney, which was underway at the neighbouring […]
Jubilee raises stake in Seacom fibre project
Insurance group Jubilee Holdings #ticker:JUB has purchased an additional 10 percent stake in submarine fibre optic cable project Seacom for an undisclosed sum, raising its ownership in the venture to 18.8 percent. The Nairobi Securities Exchange #ticker:NSE -listed firm, which owns shares in Seacom indirectly through IPS Cable System Limited, previously owned an 8.8 percent […]
KCB quietly extends CEO Oigara’s contract by one year
KCB Group CEO Joshua Oigara. PHOTO | SALATON NJAU | NMG KCB Group has quietly extended the term of Chief Executive Officer Joshua Oigara by a year as it continues the search for a successor to the long-serving leader ahead of December. The extension, until December 31, is the second extension for the 47-year old […]
Mumias Sugar: Dashed dreams, court battles and delayed revival
FILE Mumias Sugar Company entrance. Image: HILTON OTENYO Dan Lwanga, a 54 year old cane farmer in Matungu misses the good old days when his family used to holiday at the coastal beaches after receiving sugarcane dues. ”That envelope from Mumias Outgrowers Company was life to our family. It meant food, school fees and once […]
Kenya Airways suspends planned flights to Italy and Cameroon, gives reason
Kenya Airways suspends planned flights to Rome and Cameroon, gives reason The airline blamed the suspension on low passenger demand, due to the impact of the pandemic. In the meantime, the airline said it will keep serving Italy through other European destinations such as London and Amsterdam. Recall that Kenya Airways had, in October last […]
Eveready East Africa most expensive stock on NSE
Listed battery distributor Eveready East Africa #ticker:EVRD is the most expensive stock on the Nairobi Securities Exchange (NSE) #ticker:NSE relative to its net assets, with its overvaluation driven by years of losses. Its equity or shareholders’ funds dropped 84.6 percent to Sh6.3 million in the year ended September 2021. Meanwhile, its 210 million issued shares […]
A toast to Tanzania for the fastest growth as we go into next century
Kenya Breweries Limited Managing Director Jane Karuku during interview with The EastAfrican in Nairobi on March 1, 2022. PHOTO | JEFF ANGOTE | NMG Whether it is Kenya Breweries, Serengeti Breweries or Uganda Breweries, EABL is an integral part of the society and the economy. In 2000, EABL attracted the global firm Diageo, who acquired […]