Kenya Breweries Managing Director Jane Karuku EABL recently appointed Ory Okolloh, a renowned leader in corporate and non-profit circles, as a non-executive director to the board. The company has also rolled out an internship programme to get more female graduates from Science, Technology, Engineering and Mathematics degree programmes. Mrs Karuku said all the company’s graduate […]
Foreign investors on Nairobi Securities Exchange (NSE) turned net sellers in October, withdrawing Ksh1.13 billion ($11.3 million) on increased risk aversion due to a surge in Covid-19 infections and deaths, halting two months of net buying. AIB-AXYS Africa data shows that sales by foreign investors surpassed purchases for most days of October, with banking stocks […]
THE Tanzania Share Index (TSI) recorded a bullish trend for yet another week as Twiga Cement maintains the rally. The price of Twiga gained 3.97 per cent while closing the week at a price of 2,620/- from previous week’s 2,520/- per share. The counter closed at the highest of 2,640/- on Wednesday 04th November 2020 […]
Photo: Courtesy The Kenya Revenue Authority (KRA) has moved to auction several containers of Tuborg beer that were dumped in its bonded warehouse by importers. In what might be a reflection of the tough times for those in the alcoholic drinks industry, the taxman listed King Beverage Ltd – which also has the franchise for […]
This would have been a delightful festive season for the bondholders of Imperial Bank. Five years after investing in the bank’s Sh2 billion corporate bond, they would now be counting down to pay day. Read More Unfortunately, this won’t be that kind of Christmas for these investors. Imperial Bank, whose bond was issued in August […]
November, Wednesday 4, 2020: The top gainer of the day at the Nairobi Securities Exchange (NSE) was Flame Tree Group with 5.26 percent at the price of 1.40 shillings per share. WPP ScanGroup and British American Tobacco gained 3.17 and 2.68 percent at the price of 6.50 and 345.00 shillings per share respectively. Centum Investment […]
Foreign investors sold off Sh406 million worth of equities at the Nairobi Securities Exchange (NSE) in the last week of October 2020, sustaining the slump in the market that began with the outbreak of Covid-19. According to a market intelligence report by KCB Capital, foreign investors dominated trading activities at the bourse, with Safaricom, KCB, […]
Foreign investors on the Nairobi Securities Exchange (NSE) turned net sellers in October, withdrawing Sh1.13 billion on increased risk aversion due to a surge in Covid-19 infections and deaths, halting two months of net buying. AIB-AXYS Africa data shows that sales by foreign investors surpassed purchases for most days of October, with banking stocks and […]
November, Monday 2, 2020: Safaricom was the top mover of the day after moving 7.89 million shares at a market capitalization of 1.25 trillion followed by Bamburi Cement with 1.78 million shares at a market capitalization of 8.28 billion shillings. Equity Group moved 1.09million shares at a market capitalization of 125.85 billion shillings while East […]
Kenya’s Senator Lager has emerged as the fastest-growing brand in Africa. The beer brand from East African Breweries Ltd has grown by an impressive 88 per cent over the last year, according to a new ranking by an independent consultancy, Brand Finance. The survey of 150 strongest and most valuable firms in the continent sought […]
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