East African Breweries Limited ( EABL ) said yesterday its Sh11 billion bond was oversubscribed by more than three times signalling renewed investor confidence in the previously troubled local bond market. Investors bid a total of Sh37.9 billion in the issuing round, EABL said, representing an oversubscription of 275 percent. “We issued this medium-term note […]
IMARC Group’s recent report, titled “ East Africa Cement Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026 ”, estimated that the East Africa cement market size reached a volume of 35.5 Million Tons in 2020. The cement market possesses vast opportunities in East African countries on account of soaring population and inflating income […]
East African Breweries Limited (EABL) said yesterday its Sh11 billion bond was oversubscribed by more than three times signalling renewed investor confidence in the previously troubled local bond market. Investors bid a total of Sh37.9 billion in the issuing round, EABL said, representing an oversubscription of 275 percent. “We issued this medium-term note based on […]
In western Kenyan villages, children are traditionally given chicken legs or wings, sometimes even soup as they fall behind the line in the pecking order of the family meal. The best they can do is steal eggs and eat them but that comes with nasty consequences. Small suppliers have always ended up with the shorter […]
According to the administrators, the company’s total claims stand at $154.14 million, comprising preferential creditors ($2.88 million), secured creditors ($71.06 million) and unsecured creditors ($80.2 million). Additional recoveries have been made possible through a resolution of a $23 million capital gains tax (CGT) dispute with the Tanzania Revenue Authority (TRA) with respect to the sale […]
Kenya’s listed firms are yet to embrace the roles of investor relations professionals in the running of their businesses, with latest data showing that only 12 firms out of the 66 listed operate the department. These are Equity Bank, Stanbic Bank, Co-operative Bank, Safaricom, Centum, KCB, Kenya Airways, Kenya Electricity Generating Company (Kengen), Britam Holdings […]
An electronic board displaying market data. The investor relations department’s role revolves around how a company communicates with investors, shareholders, government authorities, and the financial community. PHOTO | FILE | NMG Kenya’s listed firms are yet to embrace the roles of investor relations professionals in the running of their businesses, with latest data showing that […]
Scale model of a skyscraper Construction. Kenya’s cement consumption has more than doubled over the last decade, driven by mega infrastructure projects as well as individual homes. In 2010, local cement consumption stood at 3.1 million tonnes. This has steadily risen to 7.3 million tonnes by last year, and this year, growth margins seen over […]
Safaricom Chief Executive Officer Peter Ndegwa. [Wilberforce Okwiri,Standard] Mobile phone operator Safaricom is indisputably the most profitable company in Eastern and Central Africa. No company comes close to the telco, which recently made an incursion into Ethiopia after Addis Ababa liberalised its telecommunications sector. Yet, Safaricom’s dominance does not end in the goods and services […]
The State risks losing Sh375.9 million that is due from Savannah Cement Company after the High Court stopped the collection of levies from the firm. Savannah Cement told Parliament that it had secured conservatory orders stopping the Ministry of Mining from collecting cement levies that have accrued from 2016. The ministry is demanding payment of […]
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