Analysts attribute the prodigious consumption of spirits to a growing middle class with a taste for finer things, including whiskey and rum, improved earnings, as well as a lifestyle change. [Courtesy] In October last year, the Kenya Revenue Authority (KRA) sent out a terse notice that it was going to auction 10 containers of Tuborg […]
Beer bottles roll on a conveyor belt at the East African Breweries Ruaraka factory in Nairobi, Kenya, February 17, 2010.[Courtesy] Some of the world’s biggest alcoholic beverage manufacturers selling their products in Kenya and the region are being investigated for practices that hamper cross border trade. The companies are also in the spotlight for putting […]
Since the successful issue of the Sh25 billion KenGen #ticker:KEGN public infrastructure bond in 2009, the local corporate bond market has yet to scale back to the same heights. Beset by collapsed issuers and defaults in recent years, the segment seems to have taken a backward step in active issuance of corporate bonds as investors […]
The value of shares traded on the Nairobi bourse yesterday hit a three-year high, buoyed by a rally in Safaricom and banking stocks that has seen investors gain Sh207.5 billion since mid-May. Nairobi Securities Exchange (NSE) data showed that the market gained for the fifth day in a row to close trading at Sh2.7232 trillion—a […]
East African Breweries Ltd took a shock when Kenya closed hospitality businesses due to the pandemic | TOM COLLINS | For any business that relies on open venues to sell goods, Covid-19 has been particularly challenging. As Kenya responded to the pandemic by closing hospitality businesses and implementing a night-time curfew, East African Breweries Limited […]
BOTH major indices on the Dar es Salaam Stock Exchange were on the green during the week that ended on 25th June 2021. The Tanzania Share Index (TSI) gained 20.63 points following a rally on Twiga Cement (TPCC) and NICOL counters. Twiga went up by 9.38% on the back of a handsome dividend that has […]
Family Bank has opted to tap overwhelming interest in its corporate bond accepting an extra Sh1 billion on top of the Sh3 billion targeted. The lender received bids worth Sh4.4 billion, an oversubscription of 147.3 per cent and the first high interest in a bond since 2015 when Imperial Bank floated their ill-fated issue. This […]
THE domestic market sustained the bullish rally that began a few weeks ago as the domestic market capitalization slightly rose by 0.28 per cent during the week that ended on the 04th of June 2021. The Tanzania Share Index (TSI) went up 10.19 points to close the week at 3,625.41 points following the rally on […]
Stock Market Despite the weakening of prices of the giant cross-listed counters, the bull charging on the domestic counters was enough to lift both indices to close at the green during the week that ended on 21st May 2021. There were no block transactions during the week while zero activities were seen on TBL and […]
Investors at the Nairobi Securities Exchange (NSE) will now trade online on derivative contracts of blue-chip firms like Safaricom , KCB Group , Equity Bank and East African Breweries . This comes after NSE granted online forex trader EGM Securities the operating licence on Tuesday to trade derivative contracts at the bourse. EGM Securities, a […]
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