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 […]
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 […]
Kenya has recorded a 50 per cent drop in the value of c in the first half of this year after COVID-19 threw investors into a spin. The latest data on Mergers & Acquisition shows there were 15 deals in half-year ending June this year valued at Ksh 13 billion between January and June this […]
Giant telecommunications company, Safaricom was the top mover of the day on Tuesday at the Nairobi Securities Exchange (NSE). The telecom sold 19.23 million shares at a market capitalization of 1.08 trillion shillings. Kenya Power and Lighting Company was the second top mover of the day with 3.30 million shares with a market capitalization of […]
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 […]
Eaagads was the top gainer of the day on Thursday at the Nairobi Securities Exchange (NSE) with 10.00 percent at the price of 9.90 shillings per share, followed by Trans-Century with 9.32 percent at the price of 1.76 shillings per share. I & M Holdings, the East African Cables, and Uchumi Supermarket gained 3.87, 3.17, […]
M&A in Africa – African economies batten down the hatches as COVID-19 hits, but medium-term forecast looks brighter Mergers and acquisitions (M&A) have decreased across Africa in the first half of 2020 in terms of both volume and value, with some exceptions in Nigeria. Going forward, dark clouds remain over the M&A market in Africa […]
M&A in Africa – African economies batten down the hatches as COVID-19 hits, but medium-term forecast looks brighter Mergers and acquisitions (M&A) have decreased across Africa in the first half of 2020 in terms of both volume and value, with some exceptions in Nigeria. Going forward, dark clouds remain over the M&A market in Africa […]
In brief Mergers and acquisitions have mostly decreased in volume and value across Africa in the first six months of the year. While dark clouds remain over the M&A market in the short term, new developments in terms of the continent’s policies on trade and investment, and its renewed partnerships with major global economies, will […]
Jubilee Holdings Chairman Nizar Juma . [File, Standard] Business News The firm said profit after tax dropped to Sh4.02 billion from Sh4.13 billion in 2018 Regional insurer Jubilee Holdings has announced a marginal drop in net profit for 2019. The firm said profit after tax dropped to Sh4.02 billion from Sh4.13 billion in 2018. This […]
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