Nairobi Securities Exchange (NSE) foreign investors withdrew a record Sh29.01 billion in 2020, highlighting the extent of Covid-19 induced economic disruptions that saw investors dump equities. The foreigners, who make up about 70 percent of daily trading at the NSE, turned net sellers for all the months except January, August and September as they cut […]
After helping Kenya Airways secure close to Sh80 billion in loans, the government received only Sh1 million in director fees from the cash-strapped airline in the last financial year. But this lopsided relationship is not only with the national carrier, whose financial woes were aggravated by the Covid-19 pandemic. In the 2019-20 financial year, taxpayers’ […]
The East African Breweries Limited #ticker:EABL (EABL) has lost a court bid to access thousands of confidential business records the brewer left under the care of security firm G4S in the wake of a contract row. The beer maker wanted the court to issue an order compelling G4S to release the stored materials, which EABL […]
At least 14 companies have issued profit warnings this year, with most blaming the economic fallout from the Covid-19 pandemic for their weaker earnings. Britam Holdings , Absa Bank Kenya , East African Breweries Limited ( EABL ), Kenya Power , East African Cables , Kenya Orchards , Longhorn Publishers , Nairobi Business Ventures , […]
The roundabout along Eastern Bypass next to Windsor Hotel have been converted into an informal market (Maxwell Agwanda) It was described as a year of survival, and the numbers said as much about 2020. A health crisis that morphed into an economic crisis saw millions lose jobs. The economy experienced one of the sharpest contractions […]
The Board of East African Breweries Limited (EABL) has announced Mrs. Jane Karuku as the new Group Managing Director for EABL. Mrs. Karuku has been a member of the EABL Board and is the current Managing Director for Kenya Breweries Limited (KBL). She will replace Mr. Andrew Cowan who has been in EABL for four […]
Should Members of Parliament have their way, alcohol dealers will have to make a major shift in packaging of beer, wines and spirits whose minimum volumes will be adjusted to 750 mililtres from the current 250ml. The legislation will sound like the last nail on the coffin of an industry that has over the years […]
At least 14 companies have issued profit warnings this year, with most blaming the economic fallout from the Covid-19 pandemic for their weaker earnings. FILE PHOTO | NMG At least 14 companies have issued profit warnings this year, with most blaming the economic fallout from the Covid-19 pandemic for their weaker earnings. Britam Holdings , […]
Mr Allan Kilavuka (left) was confirmed as Kenya Airways CEO after Sebastian Mikosz resigned. Ms Jane Karuku (centre) was named EABL managing director, becoming the first Kenyan woman to lead the brewer. Mr Peter Ndegwa became the first Kenyan to lead Safaricom PLC , East Africa’s biggest company. FILE PHOTOS | NMG Some of the […]
THE two major indices went on different directions during the week that ended on 18th December 2020 after counters seeing mixed movements. The All Share Index (DSEI) was on the red after most cross listed counters decelerated while CRDB and JATU pulled the Tanzania Share Index (TSI) up. Twiga Cement dropped by 0.78 per cent […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.