East Africa Cement Market 2021, Size, Share, Analysis, Growth, Research Report 2026

East Africa Cement Market 2021, Size, Share, Analysis, Growth, Research Report 2026

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 […]

EABL Sh11bn bond oversubscribed three times

EABL Sh11bn bond oversubscribed three times

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 […]

ARM finally wound up, creditors to take home $104m debts

ARM finally wound up, creditors to take home $104m debts

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 […]

Only 12 listed firms on Kenya's NSE have investor relations officers

Only 12 listed firms on Kenya’s NSE have investor relations officers

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 […]

Only 12 listed firms on NSE have investor relations officers

Only 12 listed firms on NSE have investor relations officers

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 […]

Safaricom’s allure poses headache for big investors

Safaricom’s allure poses headache for big investors

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 […]