•Sales in Kenya and Uganda declined by 14% and 5% respectively while Tanzania grew 14% on the back of less stringent restrictions. •Sh3 interim dividend will be the full and final dividend for the year. East Africa Breweries beer production at Ruaraka. East African Breweries Limited (EABL) recorded a nine per cent decline in net […]
Beer production line at the EABL plant in Ruaraka, Nairobi. FILE PHOTO | NMG East African Breweries Limited (EABL) net profit has dropped to six-year low on state closure of bars to contain Covid-19 spread, forcing the brewer to freeze final dividends. The brewer Wednesday announced a 39 percent drop in net profit to Sh7 […]
Delivery trucks outside the Kenya Breweries plant in Nairobi on July 23, waiting to be loaded with alcoholic beverages. PHOTO | FILE | NATION MEDIA GROUP Trucks are still at its Nairobi plant. Crates piling up at its storage yards as expired liquor from the field is ferried back to its depots. In Kisumu, its […]
WPP ScanGroup was the largest loser at the Nairobi Securities Exchange (NSE) on Wednesday. The company lost 43.77 percent at the price of 11.05 shillings per share. The second top loser was Longhorn Publishers with 8.16 percent at the price of 4.50 shillings per share followed by Trans-Century with a loss of 7.65 percent at […]
Stock Market THE Tanzania Share Index (TSI), remained constant during the week, closing at 3,466.81 points for the third week in a row as all domestic counters record no movement in prices in the mentioned period. Similarly, the domestic market capitalisation remains at TZS 9,104.31bln ($3.94bln) same as the close of the last two weeks. […]
USE experienced a drop in turnover of about 70 per cent in second quarter Photo | File Uganda Security Exchange (USE) has posted the worst performances in over four years with turnover grossing a 70 per cent drop. In the second quarter of 2020, turnover dropped to Shs2.25b compared to Shs25.61b in the same period […]
MyCredit Limited managing director George Mbira (left) gives a food donation to Esther Kwamboka carrying her 2 and half years old son Sam Ombonya in Kibera. [File, Standard] The coronavirus pandemic has muted activities at the Nairobi bourse, eroding the value of many erstwhile blue-chip stocks. But amid the gloom and doom, the cream of […]
The market data shows that among actively traded stocks, 27 or 47 per cent of the companies registered gains while 30 or 53 per cent posted losses. FILE PHOTO | NMG Troubled Kenya Airways leads a group of loss-making companies to emerge with the best stocks from a period when the country imposed tight coronavirus […]
A man at Nairobi Securities Exchange (NSE) trading floor. FILE PHOTO | NMG 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 […]
A display of listed equities at the NSE Photo taken on August 1,2019. PHOTO | CITIZEN DIGITAL The stocks of Safaricom and the East African Breweries Limited (EABL) have led the rebound witnessed at the Nairobi Securities Exchange (NSE) from the COVID-19 shocks registered earlier this year. This is as local investors fill in the […]
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