WITCO’s headquarters in Champs Fleurs Ingrid Lashley has been appointed the chairman of the board of directors at The West Indian Tobacco Company Ltd (Witco). Lashley’s appointment came into effect from April 7, 2022. “Ms Lashley was appointed a director of the company in August 2008, the chairman of the audit committee in March 2009 […]
Economic recovery began with easing of Covid containment measures and gradual resumption of business in the past year. PHOTO | FILE | NMG Market analysts expect rising political temperatures ahead of the August general election, rising fuel prices, lower agricultural output due to potential adverse weather and the desert locust infestation in the northern parts […]
British American Tobacco (BAT) office in Nairobi. British American Tobacco (BAT) Kenya has proposed to pay its shareholders a dividend of Ksh50 ($0.44) per share after its net profit surged by 18 percent for the year ended December 31, 2021. PHOTO | FILE Cigarette maker British American Tobacco Kenya (BAT) has won an eight-year legal […]
Print Track Keywords An Africa equity-focused fund manager believes that it pays to bet on Africa’s earnings growth. Steyn Capital Management , an African and frontier markets-focussed equities investor located in the Winelands surrounding Cape Town, South Africa, has been investing in African markets since 2009. It manages more than US$700m in a South African […]
NAIROBI, Kenya Jan 5-Money market funds continued to perform better than all the other asset classes such as equities and real estate in 2021 , for the second year in a row, a new Cytonn report shows . The analysts at Cytonn attributed the good performance of the Money market funds to their higher returns […]
Retail and institutional investors have been seeking higher guaranteed returns on the Nairobi Securities Exchange. PHOTO | FILE Both retail and institutional investors have been seeking higher guaranteed returns available from government securities, as earnings from other asset classes such as equities and cash deposits remain low. The government’s large appetite for debt also fuelled […]
The Kenya Revenue Authourity (KRA) has denied claims that its decision to increase excise duty on at least 31 goods was made without involvement of the public. In its response to a court case that is seeking to quash the increase of excise duty on the products by 4.97 percent, KRA says the review of […]
Three years ago, when sports betting was roaring like a wild bush fire and every youthful football fan was drawn into gambling, two university students known to this writer placed bets on a weekend. One of them placed Sh10,000 on what was seen as a safe bet, with odds of just over two, for a […]
Three years ago, when sports betting was roaring like a wild bush fire and every youthful football fan was drawn into gambling, two university students known to this writer placed bets on a weekend. One of them placed Sh10,000 on what was seen as a safe bet, with odds of just over two, for a […]
PHOTO | COURTESY Manufacturer British American Tobacco Kenya (BAT) has posted Ksh.2.7 billion as its half year profit through six months to June 2021. This to equal earnings posted at the same stage last year from increased sale revenues amidst rising operating costs including taxes. BAT’s net revenues were up 19 per cent at Ksh.12.5 […]
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