•Debra will be taking over from Phillipine Mtikikiti who served as the Vice President & General Manager of the East and Central Africa Franchise since June 2019. •Phillipine has moved on to take up a similar role for the South Africa Franchise in Johannesburg. Bottles of Coca-Cola are pictured in a cooler during a news […]
Listed beer maker, East African Breweries Ltd (EABL), will pay interest to bondholders at the end of this month. The latest payment will be the eighth on EABL’s Tranche two of Sh6 billion fixed-rate notes that were due to mature in 2022. The brewer, in a statement to the Nairobi Securities Exchange Chief Executive Geoffrey […]
Activity at the Dar es Salaam stock market remained fairly stable following the formal announcement of President John Magufuli’s death. Most listed firms remained resilient with no immediate dipping of share prices. The Dar es Salaam Stock Exchange (DSE) closed business on Thursday, with a total of Tsh2.6 billion ($1.13 million) from 5,002,830 shares traded […]
On an October Monday morning four years ago, Richard Boro Ndungu, a partner at audit firm KPMG Kenya, was informed by the chief executive that an investigation was being launched over his conduct. The CEO, Josephat Mwaura, asked him to hand over his mobile phones and laptop so they could be forensically imaged to determine […]
The move is expected to help tea factories cut nearly 50 per cent of their power bills. [Courtesy] Kenya Power is expected to feel the heat as more firms switch to solar to cut electricity bills. Barely do weeks lapse without a company applying for a licence to generate its power using solar. The firms […]
President Uhuru Kenyatta with the african women leaders. Women leadership among listed firms in Kenya is still low even as the country seeks to achieve a 50:50 gender parity. An of the firms listed at the Nairobi Securities Exchange shows that that only firms are led by women and only two have attained gender parity […]
The move is expected to help tea factories cut nearly 50 per cent of their power bills. [Courtesy] Kenya Power is expected to feel the heat as more firms switch to solar to cut electricity bills. Barely do weeks lapse without a company applying for a licence to generate its power using solar. The firms […]
FOREIGN investors were net sellers during the week that ended on 26th February 2021 as a load was traded on the TBL counter. TBL saw zero transactions for the better part of the week, until Friday when a prearranged block of 491,409 shares was traded at a price of 5,000/- per share. The block was […]
Unclaimed cash, shares and dividends surrendered to a State agency have crossed the Sh50 billion mark as investors including tycoons show disinterest in reclaiming the idle assets. Unclaimed Financial Assets Authority (Ufaa) on Monday revealed the idle assets stood at Sh51.4 billion in December, up from Sh43 billion in June, reflecting a growth of 19 […]
Bar owners and taxi operators have upped pressure on President Uhuru Kenyatta to lift restrictions on pub operating hours and ease the night curfew in the wake of falling monthly infection rates. They said Tuesday that a continued stay of Covid-19 containment restrictions has ravaged their businesses– forcing bar and restaurants to shut as those […]
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