Private Schools Association CEO Peter Ndoro during a transform Kenya forum at Strathmore University. [Beverlyne Musili/Standard] The burden on Jane Wambua’s shoulders has squeezed happiness from her face, replacing it with long and deep wrinkles. The 30-year-old teacher stares blankly in the air and strains to catch an echo of the last question put to […]
Nairobi securities Exchange (NSE) trading floor (BEVERLYNE MUSILI) NAIROBI, KENYA : The Nairobi Securities Exchange has reviewed the constituent counters of its NSE 20 and 25 Share Index, with effect from April 3. The review of the NSE 20 share index incorporates the inclusion of Kenya Reinsurance Corporation Limited, NIC Group Plc and Nairobi Securities […]
Sabis International School at Runda in Nairobi. PHOTO | SALATON NJAU | NMG A judge has directed an international school backed by Centum Investment to slash third term fees by 20 per cent for online lessons during the Covid-19 pandemic. Justice James Makau said parents of the school in Runda, Nairobi, would only pay 80 […]
Private Schools Association CEO Peter Ndoro during a transform Kenya forum at Strathmore University. [Beverlyne Musili/Standard] The burden on Jane Wambua’s shoulders has squeezed happiness from her face, replacing it with long and deep wrinkles. The 30-year-old teacher stares blankly in the air and strains to catch an echo of the last question put to […]
South African retailer TFG is set to exit Kenya alleging that landlords are asking for dollar-based rentals, Reuters has reported. TFG Group Chief Executive Anthony Thunström also said that over the last six-months, the Kenyan government has increased import duties, in some cases doubling them. “It’s totally, utterly unviable to be in Kenya. We’ve given […]
Centum Investment chief executive James Mworia. FILE PHOTO | NMG Centum Investment-owned Bakki Holdico Limited, has acquired all the shares of the late ambassador Bethuel Kiplagat in Sidian Bank, raising its stake in the tier III lender above 80 per cent. Sidian bank discloses this in the latest annual report which shows that the family […]
Flame Tree CEO Heril Bangera. FILE PHOTO | NMG Flame Tree Group (FTG) intends to issue a corporate bond to fund growth despite the reduced investor appetite following loss of money in Chase and Imperial bank securities. Chief executive Heril Bangera says in the latest annual report the firm is working on issuing the bond […]
Giant telecommunications company, Safaricom was the top mover of the day on Tuesday at the Nairobi Securities Exchange (NSE). The telecom sold 19.23 million shares at a market capitalization of 1.08 trillion shillings. Kenya Power and Lighting Company was the second top mover of the day with 3.30 million shares with a market capitalization of […]
Uchumi Supermarket was the top gainer of the day on Wednesday at the Nairobi Securities Exchange (NSE) with 3.13 percent at the price of 0.33 shillings per share followed by Total Kenya with 2.04 percent at the price of 25 shillings per share. East African Breweries was the third gainer of the day with 1.76 […]
(Bloomberg) — For years, Kenya’s biggest listed conglomerate didn’t pay dividends and retained earnings to purchase more businesses. But now it’s paying dividends and even the Covid-19 pandemic won’t stop it. Centum Investment Co. has experienced “muted” fallout from the coronavirus, Chief Executive Officer James Mworia said an interview after the group posted a 79% […]
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