Kenyan firms are joining the global trend of complete reinvention in seeking to seize opportunities presented by the fast-changing customer needs. For 25 years, Magana Flowers Kenya Limited has been synonymous with flowers, just as its company name indicates. But it is now ditching the floriculture industry in a major restructuring of its business operations […]
In April 2020, Sameer Africa dropped shocker. After 50 years in tyre business, it called it quits. FILE PHOTO | NMG Kenyan firms are joining the global trend of complete reinvention in seeking to seize opportunities presented by the fast-changing customer needs. For 25 years, Magana Flowers Kenya Limited has been synonymous with flowers, just […]
The top 5 gainers of the day at the Nairobi Securities Exchange on Wednesday were TPS Eastern Africa (Serena), Umeme, Sameer Africa, Bamburi Cement, and Nation Media Group. TPS Eastern Africa (Serena) gained 9.92 percent at the price of 14.40 shillings per share followed by Umeme with a gain of 9.88 percent at the price […]
Like human beings, companies have their lifespan. Some may look like they will be around forever, but then some unforseen change comes about, and unable to cope, they die. Others shut down within hours or days of being born. While some stay on life support for an unusually long time, others make a surprise recovery. […]
The top loser of the day on Tuesday at the Nairobi Securities Exchange (NSE) was the Standard Group. The company lost 9.84 percent at the price of 22.45 shillings per share. Eveready East Africa was the second top loser with 7.48 percent at the price of 0.99 shillings per share followed by Sanlam Kenya with […]
On Monday, Kakuzi emerged as the top gainer of the day at the Nairobi Securities Exchange (NSE) with 9.76 percent at the price of 360.00 shillings per share. Sasini Tea and Coffee, and Williamson Tea Kenya gained 6.75 and 4.56 percent at the price of 17.40 and 143.25 shillings per share respectively. Eveready East Africa […]
Eveready chairperson Lucy Waithaka with Group MD Jackson Mutua during the unveiling of the company’s strategic plan for 2014-17 in Nairobi on September 29, 2014. Eveready East Africa has issued a profit warning, indicating that it will be falling deeper into losses. A statement published in a local daily says earnings for the year ended […]
Businesses in Kenya are going through a rough patch. A number of listed companies have missed the financial reporting deadlines and some have gone into administration for a number of reasons, some internal, but for the most part, external. This has sent mixed signals to investors, coming after the World Bank released its Ease of […]
Corporate governance consultant Susan Mudhune has stepped down as an independent director on the board of mobile operator Safaricom after serving for nine years. Mudhune was among top shareholders with directorship positions at Safaricom with 51,200 shares, coming just behind chief financial officer Sateesh Kamath who increased with 100,000 shares. Chief executive Bob Collymore has […]
Kenyan manufacturers are pushing the State to fast-track proposed changes to the law to give more powers to the Anti-Counterfeit Agency (ACA) in the elevated war on counterfeit menace. The Presidency has since May taken leadership in the fight against trade in illicit goods, confiscating contraband goods worth billions of shillings that were later destroyed. […]
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