The government should pay heed to the proposal by the Nairobi Securities Exchange (NSE) to have State shares in parastatals and other firms where it has significant ownership sold as a means of raising revenue. NSE chief executive Geoffrey Odundo told Parliament that the government has the potential to raise Sh792.6 billion from the sale […]
Media personality Shaffie Weru in his car Radio Africa Group, the former employer of media personality Shaffie Weru, has responded to his demand letter and indicated that it would countersue him for Ksh150 million. Shaffie, through his lawyers, had demanded to be paid Ksh21,157,500 for unfair and unlawful termination of his contract. Radio Africa has […]
Stockbrokers at work at DSE. PHOTO|FILE Dar es Salaam . The value of the listed equities, also known as market capitalization, increased by Sh105.22 billion on Tuesday after companies cross-listed from Kenya appreciated. According to the market report, the Dar es Salaam Stock Exchange (DSE) total market capitalization reached Sh15.33 trillion from Sh15.23 trillion recorded […]
FOLLOWING the recent passing of the former President of Tanzania, the late John Magufuli, 22nd March and 26th March 2021 were national funeral and burial days, in Dodoma and in Chato, Geita, respectively. Orbit Securities Co. Limited joins the capital markets, the financial sector and the whole nation in mourning of our fallen hero. May […]
Kenya’s mobile phone operator Safaricom has topped the list of Africa’s most valuable brands by market capitalisation, with shareholder wealth peaking at a record high of $14.14 billion in February 2021. According to a new monthly survey by analysts at AfricanFinancials Group, Safaricom, which is listed on the Nairobi Securities Exchange (NSE), floored West African […]
A Safaricom shop in Nairobi. FILE PHOTO | NATION MEDIA GROUP Kenya’s mobile phone operator Safaricom has topped the list of Africa’s most valuable brands by market capitalisation, with shareholder wealth peaking at a record high of $14.14 billion in February 2021. According to a new monthly survey by analysts at AfricanFinancials Group, Safaricom, which […]
A trader at the Dar es Salaam Stock Exchange in Tanzania. Most listed firms remained resilient with no immediate dipping of share prices, following the announcement of President John Magufuli’s death. PHOTO | FILE | NMG Activity at the Dar es Salaam stock market remained fairly stable following the formal announcement of President John Magufuli’s […]
Since the Companies Act, 2015 introduced the concept of share buybacks (a benign way for companies to return cash to shareholders), much has been written about the topic. Proponents say buybacks can be the best use of corporate capital. The decrease in float is in itself bullish. In contrast, opponents are concerned about managers using […]
• The Masai Mara is a new ‘greening’ for 2021, alongside the most northerly ‘greening’ in the world– a postbox at the summit of Øretoppen Mountain in Norway, 350 kms above the Arctic Circle. • These new sites will join some ‘old favourites’ which have gone green in previous years –including the Leaning Tower of […]
Long-term capital ensures long-life for the business Kampala, Uganda | THE INDEPENDENT | Financial experts have blamed the collapse of many companies over the last one year to the kind of capital that most of them use to run their activities. According to the Capital Markets Authority-CMA, the most common source for medium and large […]
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