Whenever government-issued infrastructure bonds come up for auction, they spur investor participation owing to their good returns and tax-free nature. Investors at the NSE, however are less active until the Kenya general election takes place in August. PHOTO | FILE The EastAfrican has learnt that NSE’s desertion has also been compounded by shrinking household incomes […]
Top Gainer The top gainer of the day at the Nairobi Securities Exchange was Uchumi Supermarket with 10.10 percent at the price of 0.22 shillings per share followed by Sasini with 7.43 percent at the price of 21.70 shillings per share. Umeme and Kakuzi gained 6.21 and 5.73 percent at the price of 6.50 and […]
NAIROBI, Kenya Feb 10-WPP Scangroup has announced the appointment of Patricia Ithau as Chief Executive Officer. Ithau comes in to head Scangroup following the resignation of Bharat Thakrar as CEO and board member in March 2021. She is a highly accomplished business and marketing leader who brings more than 25 years of experience in senior […]
The turnover recorded was more than two folds improvement from last month’s 5.51bn/- turnover and January 2021 turnover of 6.72bn/- According to statistics from DSE, both market Indices closed the month on the positive side with the All-Share Index (DSEI) gaining 22.08 points and closing with 1,918.79 points while While the Tanzania Share Index (TSI) […]
The revelation that 97 percent of stock trading accounts have been dormant for years should spur regulators and other stakeholders in the capital markets into action. It speaks to widespread investor apathy that comes on the back of disappointing returns, a major part of which can be traced to poor corporate governance among some Nairobi […]
Kenyan billionaire investor John Kibunga Kimani. In 2018, Billionaire investor at the Nairobi Stock Exchange (NSE), John Kibunga Kimani, set up a foundation valued at Ksh93 million to give back to Kakuzi squatters, a society he spent his childhood in. At the time, Kibunga explained that he wanted to empower the community and dedicated his […]
EABL General Managing Director Jane Karuku . [David Gichuru, Standard] East African Breweries Ltd ’s (EABL) net profits more than doubled in the first half of 2021 to a five-year high of Sh8.7 billion. The brewer was boosted by the reopening of entertainment joints following the easing of Covid-19 containment measures. The performance is compared […]
WPP Scangroup has announced the appointment of Patricia Ithau as its Chief Executive Officer. Patricia is an accomplished business and marketing leader who brings more than 25 years of experience in senior leadership roles. Throughout her career, she has overseen the expansion of major consumer brands in Eastern Africa at companies including Unilever, Diageo/East African […]
East African Breweries is cautiously optimistic about the prospects for its second half, its chief executive has said, adding that the threat posed by the COVID-19 pandemic is not over. Jump In Sales The firm, which is controlled by Britain’s Diageo, posted a 23% jump in sales during its first half to the end of […]
Kenya’s Energy sector is largely to blame for greenhouse gas emissions The major shift is now being witnessed with most of the industries investing in clean energy The Bamburi Cement power project is expected to take off within this year The Kenyan energy sector is grappling with transiting to clean power as the country cannot […]
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