LOCAL investors on the Dar es Salaam Stock Exchange (DSE) became dominant last week accounting for 99.86 per cent of the total investments and 98.84 per cent of the total divestments. During the week under review, the foreign investors took a back seat along with zero transactions at the TBL counter. According to the Weekly […]
For Uganda alone, net sales (total sales revenues less the cost of sales), have grown by 13% in the second half of 2020, compared to the second half of 2019. Beer sales in Uganda grew by at least 13% over the second half of 2020 compared to the same period in 2019. Although according to […]
Safaricom headquarters on Nairobi’s Waiyaki Way. PHOTO | DIANA NGILA The value of investor wealth on the Nairobi Securities Exchange (NSE) hit a year high of Sh2.5 trillion on Friday, lifted by a record rally of the Safaricom share price. The Safaricom share touched a new all-time high of Sh38.50 in Friday’s trading following the […]
Dr John Kibunga Kimani Non-Executive Director Kakuzi Plc. Until recently, only a select few could put a face to the name of billionaire investor John Kibunga Kimani. But when human rights abuse allegations rocked Nairobi Securities Exchange-listed Kakuzi, where he is the second-largest shareholder with a 32.2 per cent stake, curiosity about the man behind […]
NAIROBI (Reuters) – East African Breweries expects sales to recover from a coronavirus-induced slump in its second half to June, its outgoing chief executive said, as nations in the region relax measures to curb the spread of the virus. A worker inspects beer bottles on a conveyor belt at the East African Breweries Ruaraka factory […]
The value of investor wealth on the Nairobi Securities Exchange (NSE) hit a year high of Sh2.5 trillion on Friday, lifted by a record rally of the Safaricom share price . The Safaricom share touched a new all-time high of Sh38.50 in Friday’s trading following the announcement of a Sh0.45 per interim dividend, lifting the […]
Companies have resumed paying dividends to shareholders despite a difficult year as a result of the coronavirus pandemic that led to calls to conserve cash. When the Covid-19 pandemic struck last year, it negatively affected the performance of many firms. Some resorted to suspend cash distributions forecasting weaker earnings. The pre-emptive move was meant to […]
The Nairobi Securities Exchange (NSE) is seeking to have more women occupy at least a third of senior positions in listed companies in order to reap the benefits of gender parity. On Wednesday, NSE became the second bourse in the continent after South Africa’s Johannesburg Securities Exchange to join the 30% Club, a global gender […]
The East African Breweries Limited (EABL) has announced a 47.3 per cent dip in profit for the half year period ending in December 2020 to Ksh.3.8 billion from Ksh.7.2 billion. The sharp decline in earnings is largely attributable to lower sales resulting from tough COVID-19 containment restrictions which saw bars shut down for months alongside […]
FBN Holdings Plc has announced the appointment of Seni Adetu, Juliet Anammah and Otu Hughes as new board members. The new board members – Seni Adetu and Juliet Anammah were appointed as independent non-executive directors of FBN Holdings Plc. Otu Hughes was appointed as a non-executive director. “These appointments are subject to the approval of […]
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