East African Breweries Limited #ticker:EABL has appointed Jane Karuku as the new Group managing director, putting her in charge of the operations in Kenya, Uganda and Tanzania. The appointment, which takes effect on January 1, 2021, is a promotion for Ms Karuku who has heading EABL’s subsidiary — Kenya Breweries Limited (KBL) — since September […]
Market disruption and job losses are largely to blame for the current hard times. PHOTO | SHUTTERSTOCK The number of workers laid off by Nairobi Securities Exchange (NSE)-listed firms more than doubled to 7,000 last year on falling revenues, latest data shows, signifying the depth of the crisis in the jobs market which has worsened […]
The five biggest firms continued to dominate trading at the Nairobi Securities Exchange (NSE) accounting for 84.2 per cent of the total market turnover. However, the volume of Safaricom, Equity, Kenya Commercial Bank (KCB), British American Tobacco (BAT), and East African Breweries Ltd (EABL) as a proportion of total market turnover fell nine per cent […]
Kenya Breweries Limited (KBL), a subsidiary of East African Breweries Limited (EABL),has announced that its beer brand, Balozi, is now available to customers in a can. Balozi Beer was launched in Kenya in 2012 and has only been available in the bottle format since then. It is famously known as the beer ya mwananchi due […]
The fall in the shares of the companies could be attributed to a fall in demand as foreign investors withheld their money, while others sold off their share to either keep cash or reinvest in their home countries and other markets considered safer. The market value of the companies listed on the Uganda Securities Exchange […]
A positive week at the Nairobi Securities Exchange (NSE) saw foreigners reverse their three weeks of consecutive selling, becoming net buyers with net inflows worth Sh19 million. They were responsible for 79.4 per cent of market activity, compared to 56.9 per cent the previous week, according to KCB Weekly Capital report. The market was, however, […]
The banks led the top movers’ table at the Nairobi Securities Exchange (NSE) Tuesday. The top mover was Equity Group with 4.74 million shares and a market capitalization of 134.53 billion shillings. The second top mover at the bourse on Tuesday was Absa Kenya having sold 4.09 million shares with a market capitalization of 51.06 […]
A positive week at the Nairobi Securities Exchange (NSE) saw foreigners reverse their three weeks of consecutive selling, becoming net buyers with net inflows worth Sh19 million. They were responsible for 79.4 per cent of market activity, compared to 56.9 per cent the previous week, according to KCB Weekly Capital report. The market was, however, […]
Herbert Tumwesigye of Great Lakes, distributors of Nile Breweries products, said they were operating at 60% capacity. He said this was lower than the 85% operating level they needed to break even. People taking local brew at a bar. Distributors of alcoholic beverages say it would be more beneficial to the economy if bars were […]
The first week of this month saw foreign investors sell equities worth Sh1.2 billion, rubberstamping strained market activity at the Nairobi Securities Exchange (NSE). A KCB weekly capital report indicates the NSE All-Share Index gained 0.9 per cent, while the NSE 20 shed 0.8 per cent in the week. Foreigners dominated NSE activity as Equity […]
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