Dividends paid out to multinationals for their controlling stakes in Nairobi Securities Exchange-listed firms are set to drop by 21 percent this year as a few blue-chips reduced their payouts by significant amounts. Multinational firms including Vodacom Group, Diageo Plc, WPP Plc and BAT Plc have received or are set to get a total of […]
Tag: east african breweries
NSE slides below Sh2trn as shilling extends its decline
Combined investors wealth at the Nairobi Securities Exchange (NSE) has dipped below Sh2 trillion for the first time since March while the shilling has extended record low run to the dollar ahead of planned review of Covid-19 control measures. NSE market capitalisation yesterday dropped to Sh1.998 trillion meaning that investors have suffered Sh134.6 billion loss […]
Nginyo ‘second wife’ joins Sh4bn estate row
The late businessman Nginyo Kariuki. FILE PHOTO | NMG A woman claiming to be a wife of the late politician and businessman Lawrence Nginyo Kariuki has joined the legal battle over the administration and sharing of his Sh4 billion estate. Margaret Wanjiru has gone to court seeking to block the application by Mr Kariuki’s first […]
Top five listed companies hold 75pc of NSE wealth
Preference for the five biggest stocks traded at the Nairobi Securities Exchange #ticker:NSE (NSE) has climbed to a 12-year-high, new data has revealed, an indication of growing appetite by investors placing their hopes on only a limited number of counters. On the flip side, the trend also shows that investors are concentrating their risk. Statistics […]
EABL eyes carton packed beers to lift Covid-19 sales
The beer-maker has started packaging its bottled beer brands in carton packs of six to allow customers buy as take-away and return bottles once they finish consuming. FILE PHOTO | NMG East African Breweries Limited (EABL) is banking on new model of packaging bottled alcohol to allow customers buy in bulk and consume from home […]
NSE defies virus to gain Sh123bn in past month
Investors at the Nairobi Securities Exchange (NSE) have gained Sh123.4 billion over the past month, riding on increased demand for Safaricom and bank shares by high-net-worth individuals that has cut the coronavirus-driven losses. The Nairobi bourse notched up healthy gains in recent days as investors sought to buy stocks at a bargain, hoping for outsized […]
Shares at NSE rally to hit daily high point this year
The value of shares traded on the Nairobi bourse yesterday touched a daily high this year, buoyed by foreign investors who are trooping back on the market after a sell-off for the better part of this year. Nairobi Securities Exchange (NSE) data showed turnover jumped nearly six-fold yesterday to Sh3.76 billion, driven by rising investor […]
Kenya alcohol ban to cost billions, thousands of jobs in three months
Alcohol manufacturers and distributors have warned that the alcohol ban placed by the government to control the spread of coronavirus (COVID-19), will cost workers, sorghum farmers, and the government billions of shillings and thousands of jobs in three months to September. The ban which began in July has created a massive disruption of the alcohol […]
Shares at NSE rally to hit daily high point this year
Nairobi Securities Exchange (NSE). FILE PHOTO | NMG The value of shares traded on the Nairobi bourse yesterday touched a daily high this year, buoyed by foreign investors who are trooping back on the market after a sell-off for the better part of this year. Nairobi Securities Exchange (NSE) data showed turnover jumped nearly six-fold […]
Sujimoto Wins Corporate Brand Award, Excites Customers With Large Bonus
By Oladapo Sofowora Upscale luxury real estate company, Sujimoto Construction Company owned by cosmopolitan super dandy, Sijibomi Ogundele and his team made history yet again, at the just concluded prestigious ‘Tech Times Award’, where the luxury real estate firm, bagged; ‘Corporate Brand of the Year’ award with a land slide victory of over 7,000 votes […]