Stock Market DESPITE a 41 percent reduction of the weekly equity turnover, activities on the market are still higher than most recent weeks before the last. Pre-arranged block transactions still account for a major share of activities, on a few large counters. Equity turnover realized during the week totals to TZS 3.36bln ($1.46mln) compared to […]
People toast each other. REUTERS/Kai Pfaffenbach The East African Breweries Limited (EABL) parent firm Diageo has launched a worldwide Ksh.10.6 billion ($100 million) fund to support the recovery of bars as the industry re-emerges from COVID-19 restrictions. Dubbed ‘Raising the Bar’ the initiative will be a two-year programme available from July and is aimed at […]
Stock Market BOTH, the Tanzania Share Index (TSI) and the All Share Index (DSEI) marginally fell during the week that ended on the 26th June 2020. The TSI lost a marginal 0.13 point following a 0.004 percent decline of the domestic market capitalisation. The TSI closed the week at 3,486.86 points while the domestic market […]
The Nairobi Securities Exchange. FILE PHOTO | NMG The value of shares traded on the Nairobi Securities Exchange (NSE) in the first-half of the year rose by five percent, even as investors continue to experience a tough year where the value of their holdings at the bourse has slumped by Sh436 billion in the six-month […]
East African Breweries Limited (EABL) plant in Ruaraka, Nairobi. FILE PHOTO | NMG Price increases for a wide range of goods, including fuel, bottled water, juice and beer, have been delayed by six months, offering reprieve to consumers already hurt by job cuts and unpaid leave in the wake of the Covid-19 pandemic. This follows […]
The Tax Appeals Tribunal has ordered East African Breweries International Limited (EABIL) to pay Uganda Revenue Authority (URA) tax arrears of Shs9.7b. The Tax Appeals Tribunal has ordered East African Breweries International Limited (EABIL) to pay Uganda Revenue Authority (URA) tax arrears of Shs9.7b. The arrears, according to documents, accumulated over a period of seven […]
Bia Tosha, one of the largest beer distributors in Kenya, has lost its bid to control 22 beer distribution routes in Nairobi. Yesterday, the Court of Appeal ruled in favour of the East African Breweries Ltd (EABL) in a case against Bia Tosha where the latter had sought monopoly over the routes. The Appeal Court […]
Uganda Breweries Limited headquarters in Luzira. The Tax Appeals Tribunal has dismissed a case in which East African Breweries Ltd (EABL) was challenging a tax assessment by URA and has ordered EABL to pay tax worth Shs 9.7bn accrued between May 2008 and June, 2015. The application arises from an income tax assessment of Shs […]
Uchumi Supermarket was the top gainer of the day on Wednesday at the Nairobi Securities Exchange (NSE) with 3.13 percent at the price of 0.33 shillings per share followed by Total Kenya with 2.04 percent at the price of 25 shillings per share. East African Breweries was the third gainer of the day with 1.76 […]
Stock Market INDICES had mixed signals during the week that ended on 10th July 2020, as the Tanzania Share Index (TSI) climbed while the All Share Index (DSEI) followed an opposite path. The TSI gained 4.97 points following a gain on the CRDB counter. The TSI closed the week at 3,466.81 points after a 0.14 […]
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