• Nation Media Group
  • XUGA:NMG KAMPALA/Uganda
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  • About the Company
  • Nation Media Group is the largest independent media house in East and Central Africa and is listed on the Nairobi , Dar es Salaam, Uganda and Rwanda Securities Exchange.

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Name Title Officer Since
Mr Moses Dhizaala Chairman 2015
Mr B.S Dhaka Managing Director 2015

KEY STOCK DATA

  • Profits
  • $16.07M
  • P/E Ratio
  • 12.7
  • Return on Equity
  • 24.82%
  • Dividend Yield
  • 0.11%
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Revenue per year in US $
Revenue is the money a company recieves for selling its goods or providing services. The higher the revenue, the better the company is performing.

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NMG Kenya will from January start issuing four-day transit visas allowing foreign passengers on Kenya Airways awaiting connection flights at the Jomo Kenyatta International Airport to exit for shopping and sightseeing.

Passengers on layovers — a break between two flights taking passengers to their final destination — will receive a 96-hour transit visa, up from the current 72.

The move is expected to boost Kenya Airways and local travel industry as well as increase the attractiveness of JKIA as a transit port.

“Kenya to issue 96hr transit visas for passengers on Kenya Airways to visit our country,” announced Jacinta Nzioka, marketing director, Magical Kenya, through her twitter account.

The bulk of Kenya Airways’ passengers from its African routes use JKIA as a transit port to cities in Asia and Europe.

The Nation Media Group has partnered with Mount Kenya University to host the International Conference on Peace and Security.

The conference will be held from the May 16 to 19 at Safari Park Hotel.

“As an organization we are very happy to be the media partner for the international conference on security and social enterprise,” said Joe Muganda, the Nation Media Group chief executive.

Panellists at the conference will include speakers United States and the United Kingdom.

“As a university we have a responsibility to the society, and these include looking at the challenges and trying to find ways to mitigate those challenges. And we may not be able to do it ourselves, but we have the ability to influence,” says Dr Vincent Gaitho vice chairman at Mount Kenya University.

He added: “The conference will be an excellent platform to examine past and current approaches to peace with a view of identifying viable options to address the emerging challenges in security matters and embrace the available opportunities”.The theme of the conference is ‘ Peace, Security and Social Enterprises for Sustainable Development ’.

Nation Media Group in collaboration with the University of Nairobi has launched a platform where professionals, stakeholders, leaders and Kenyans will get an opportunity to discuss issues related to development.

The platform, dubbed NMG Leadership Forum, seeks to encourage dialogue on key issues affecting the country such as economy, agriculture, health, governance and financial markets.

Speaking during the launch of the inaugural session of the leadership forum at the university’s Manu Chandaria Centre on Monday evening, NMG chief executive Joe Muganda said the main objective of the gathering was to have conversations that will allow leaders to take ideas for betterment of the country.

“The NMG Leadership Forum is a concept to help us talk with one another rather to each other,” said Mr Muganda.

UoN Vice-Chancellor Peter Mbithi said the forum would not be a talk show but a place for serious conversations aimed at shaping the destiny of the country.

“We together have to be part of the solution. This is a series of conversations that will involve decision makers, the academia, leaders and all like-minded people,” said Prof Mbithi.

Monday’s forum, which was aired live on NTV from 7.30 pm-9 pm, focused on water and food security and brought together key stakeholders and leaders who included Agriculture, Livestock and Fisheries Cabinet Secretary Willy Bett and his Water and Irrigation counterpart Eugene Wamalwa, Red Cross Secretary-General Abbas Gullet and FAO programme coordinator Robert Allport.

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Kampala — The interconnectedness of the Uganda Securities Exchange (USE) to the Nairobi Securities Exchange (NSE) has a lot to do with the dismal market performance in 2016.

The market had started the year with a capitalisation of Shs24.5 trillion but by Wednesday December 28, with only two days left to trading, it had fallen to Shs20.3 trillion.

The USE has eight cross-listed firms from the NSE, especially on account of commercial banks in Kenya losing value in their shareholding. Kenya Airways, Jubilee Holdings, Centum Investments, KCB Group, Equity Group, UCHUMI, Nation Media Group and East African Breweries are the eight cross-listed companies.

Cross-listing refers to where company shares are floated on a different stock exchange – in this case, a foreign country – after being listed on the primary stock exchange. In this case, the eight Kenyan companies are listed on the primary market (NSE) but cross-listed on the secondary market (USE).

These companies do have subsidiaries that do business in Uganda.

Capping interest rates On August 24, 2016 president Uhuru Kenyatta signed into law a law that allows Kenya to cap interest rates.The following day, listed Kenyan banks saw the value of their shares tumbled sending the stock markets in Kenya […]

NMG,  Kenya Commercial Bank (KCB), I&M Bank and Equity Bank have outperformed their listed peers in capital gains at the Nairobi bourse since mid-February, riding on healthy dividends and positive corporate announcements.

Banks over the past six weeks, been releasing their full-year results. In the period, the KCB share has gained 28.2 per cent to Sh33, Equity is up 21.5 per cent to Sh32.50 and I&M Bank 20.1 per cent to Sh92.50.

KCB announced three weeks ago it will pay shareholders a dividend of Sh3 per share for the 2016 financial year, up from Sh2 per share in 2015. This was despite reporting a flat net profit of Sh19.7 billion for the year.

The Sh9.1 billion total dividend pay-out is the largest ever by a financial services firm in the country.

“The rebound in some bank stocks is a reaction to the full year 2016 results which have raised investors’ appetite due to the improved dividend yields,” said Kingdom Securities senior analyst Mercyline Gatebi.

“However, the price rebound is likely to be short-term in nature as the fundamentals don’t support the same. 

The Government has launched a complaint against the Nation Media Group (NMG) for alleged skewed reporting and defamation.

Information Communication Cabinet Secretary Joe Mucheru said the government takes great exception with the manner in which the media Group depicted the government as corrupt, inept and made up of thieves in their news based on an interim audit report from the Ministry of Health.

In a press briefing at his Telposta Towers Boardroom today, November 2, 2016 Mr. Mucheru said he was forwarding an official government complaint to the Media Council of Kenya (MCK) to seek justice and hold the media Group to account for alleged defamation and character assassination.

Mr Mucheru said in view of the concerns over the story, the government demand that the Media Complaints Commission take action against NMG for slanderous and false reporting.

The Cabinet Secretary added that the Business Daily and NTV in particular should apologize with the same prominent coverage that they had given the original story.

He said the publications should be compelled to produce evidence of the alleged theft of Ksh. 5.3 billion contained in their newspaper report.Last week, The Business Daily and its sister Publication NTV carried stories alleging the public officers in the Ministry […]