NAIROBI, July 22 (Reuters) – Kenya’s East African Cables and its parent firm TransCentury Ltd have completed a debt restructuring deal that has reduced the group’s debt by almost half, they said on Monday. TransCentury, which was founded by a group of Kenyan investors in 1997, invested in a range of infrastructure companies, including East […]
A display of listed equities at the NSE. PHOTO | CITIZEN DIGITAL The Nairobi Securities Exchange (NSE) will be hoping for a lift in 2021 with trading resuming for the New Year on Monday. Among key remedial measures sought will be the lure of foreign investors whose exodus in 2020 caved a hole in the […]
At least 14 companies have issued profit warnings this year, with most blaming the economic fallout from the Covid-19 pandemic for their weaker earnings. Britam Holdings , Absa Bank Kenya , East African Breweries Limited ( EABL ), Kenya Power , East African Cables , Kenya Orchards , Longhorn Publishers , Nairobi Business Ventures , […]
At least 14 companies have issued profit warnings this year, with most blaming the economic fallout from the Covid-19 pandemic for their weaker earnings. FILE PHOTO | NMG At least 14 companies have issued profit warnings this year, with most blaming the economic fallout from the Covid-19 pandemic for their weaker earnings. Britam Holdings , […]
The banks led the top movers’ table at the Nairobi Securities Exchange (NSE) Tuesday. The top mover was Equity Group with 4.74 million shares and a market capitalization of 134.53 billion shillings. The second top mover at the bourse on Tuesday was Absa Kenya having sold 4.09 million shares with a market capitalization of 51.06 […]
East African Cables Plc has issued a profit warning for the year ending December 31, 2020. This means that the company expects its earnings to drop by at least 25 per cent compared to last year. The cable manufacturer says the expected slump in profitability is primarily due to a one-off write back that was […]
November 9, 2020: Sameer Africa was the top gainer of the day on Monday at the Nairobi Securities Exchange with 9.71 percent at the price of 3.39 shillings per share. The East African Cables and Sanlam Kenya gained 9.29 and 7.06 percent respectively at the price of 1.53 and 13. 65 shillings per share respectively. […]
The top gainer of the day at the Nairobi Securities Exchange (NSE) on Wednesday was Olympia Capital with a gain of 6.95 percent at the price of 2.00 shillings per share. British American Tobacco was the second top gainer of the day with 3.31 percent at the price of 7.50 shillings per share followed by […]
The Nairobi Securities Exchange (NSE) was the top gainer of the day on Thursday after being in the red for some days with 8.11 percent at the price of 8.00 shillings per share. Trans-Century and Carbacid Investments gained 6.67 and 6.10 percent at the price of 1.60 and 8.70 shillings per share respectively followed by […]
Tuesday, November 3, 2020: The top gainer of the day was Olympia Capital with 9.74 percent at the price of 2.14 shillings per share followed by Eveready East Africa with 7.07 percent at the price of 1.06 shillings per share. The East African Cables and Bamburi Cement gained 6.04 and 5.26 percent at the price […]
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