Retail investors on the Nairobi Securities Exchange (NSE) have used 52.4 percent of their shares to secure bank loans, indicating that less than half of small investors’ portfolio represent actual wealth. A report by the Capital Markets Authority (CMA) shows that individuals pledged a total of 6.52 billion shares in the quarter ended September, up […]
Workers undertake the first flaring test in Hoima district in western Uganda. An oil pipeline will be built from there to Tanga. PHOTO | REUTERS The petitioners, led by Inclusive Development International, accuse the World Bank of giving “backdoor support” to the infrastructure project that will transport crude from Hoima in Uganda to the international […]
Seven chief executives of Nairobi Securities Exchange-listed firms have served for more than 15 years and are expected to extend their tenure in a market where on average top managers don’t serve in excess of a decade. Flame Tree’s #ticker:FTGH founder, Heril Bangera, has the longest run of 32 years, followed by Car & General’s […]
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 […]
Besides earning millions in salaries, the top executives are usually allowed to buy shares in the companies they run In return, they enjoy dividends paid annually based on the company’s performance Some of the top-notch executives controlling stakes are Equity’s James Mwangi, Britam’s Benson Wairegi, Co-op Bank’s Gideon Muriuki and James Mworia (Centum) Kenyan chief […]
Britam officials at the company’s 24th Annual General Meeting, held virtually on June 29, 2020 at Britam Tower in Nairobi. PHOTO | FILE Kenya’s Capital Markets Authority (CMA) has summoned directors of Britam Holdings Ltd to establish their role in the alleged irregular sale of 452.5 million shares (23.34 percent stake). The deal which was […]
Britam Holdings group managing director Tavaziva Madzinga. PHOTO | DIANA NGILA | NMG Britam Holdings has returned into half-year profit, lifted by growth in investment income and a rise in the value of shares at the Nairobi Securities Exchange (NSE) . The financial services company posted Sh376.3 million net profit in six months to June, […]
File Photo of Kenyatta National Hospital (KNH). At the same time, the underwriters have been hit by greater benefits from policyholders as the two factors combine to eat into the insurers’ earnings pie in the period. An analysis of publicly listed insurance financials through the half year stage by Citizen Digital captures the rising claims […]
FAKE LUXURY?: Wreckage of a car at an accident scene Image: FILE Underwriters in the country are still faced with increased claims eating into their profitability and increasing expenses as Covid-19 continues to slow down the economy. According to the latest claims report released by the Insurance Regulatory Authority (IRA), insurers received over 2.1 million […]
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