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 […]
Arj Sahi, a drink consultant during the Singleton Experience dinner at the local grill village Market on August 26, 2021. PHOTO | LUCY WANJIRU | NMG Whisky and food pairings are back, and thanks to a new generation defying the drinking stereotypes, some brands are enjoying a good year. At a pairing on Tuesday, Josephine […]
Close to 1.7 million Kenyans were rendered jobless between April and July. The onset of the Covid-19 pandemic violently shook businesses the way a powerful storm buffets ships in the high seas. Many of them – particularly small and medium-sized enterprises (SMEs) with very little working capital as well as big establishments in hospitality, aviation, […]
Another 400 smallholder cereal farmers and their 70 children have also benefited from the brewer’s community investments aimed at improving living standards of people in rural areas, SBL Managing Director, Mark Ocitti said in Dar es Salaam yesterday. Unveiling the company’s corporate social responsibility report christened, EABL Sustainability Report 2020 with a theme of, ‘Crafting […]
Kampala, Uganda — Uganda Breweries Limited unveiled the inaugural East African Breweries Limited (EABL) Sustainability Report to the government, the media and the public. The report, which was released by all three subsidiaries under EABL (Uganda Breweries, Kenya Breweries and Serengeti Breweries) is meant to highlight the accomplishments of the business units’ sustainability efforts while […]
Investors on the Nairobi Securities Exchange #ticker:NSE (NSE) have lost Sh146 billion in paper wealth over the last two weeks as demand for stocks slumped amid shifting preference for the government’s tax-free infrastructure bond. The NSE market capitalisation declined from a high of Sh2.93 trillion mid-August to Sh2.78 trillion at the close of trading Monday […]
ACTIVITIES significantly rose on the market through equity turnover which grew by more than five times on weekly basis, thanks to prearranged blocks on the NMB counter. Equities turnover recorded during the week that ended on the 20th of August 2021 amounted to TZS 6.01bln ($2.6mln), up from TZS 1.18bln ($0.51mln) for the previous week. […]
A mobile phone user makes an M-Pesa transaction. FILE PHOTO | NMG Ethiopia has cleared the way for Safaricom to introduce its popular M-Pesa in the market of 110 million people after deciding to include the mobile phone-based financial services in the telco’s licence offered in May. Ethiopian authorities told Business Daily Thursday that the […]
Investors’ wealth on the Nairobi Securities Exchange (NSE) hit an all-time high yesterday, adding Sh70.24billion in a single day, buoyed by a rally of Safaricom and bank stocks. Market data shows the market recorded the sixth straight day of gains to close valued at Sh2.921 trillion— the highest in the history of the bourse. Safaricom […]
East African Breweries Limited ( NSE:EABL ) reported a marginal net profit drop in the year ended June as higher costs offset increased sales, with the company freezing dividend payouts to preserve capital. The firm’s net earnings in the review period stood at Sh6.96 billion compared to Sh7.02 billion a year earlier. “In recognition of […]
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