Nairobi Securities Exchange. FILE PHOTO | NMG Loss-making firms have dominated the top 10 list of stocks on the Nairobi Securities Exchange #ticker:NSE (NSE) that recorded price gains since the start of the year despite Covid-19-related economic disruptions. A review shows that stocks of firms such as Kenya Airways #ticker:KQ, Uchumi Supermarkets #ticker:UCHUM, Sameer Africa […]
Margaret Wamithwe, avocado farmer in Kandara sub county picking her fruits. The share price of listed agriculture company Kakuzi has so far dropped from Sh385 to Sh380 as investors exit following bad publicity. This is after Britain’s Sunday Times newspaper highlighted alleged gross human rights violation against employees at the Makuyu based firm as presented […]
Dr. James Mwangi, Equity Group CEO addresses shareholders at Equity Group’s 16th Annual General Meeting in Nairobi . [Wilberforce Okwiri] Forget reinventing the wheel. If you want to make money at the stock exchange, then follow these 12 savviest investors whose collective investment in the top 20 listed companies is valued at Sh25.6 billion. They […]
Agricultural firm Kakuzi PLC has become the first firm listed on the Nairobi bourse to announce it will pay dividend ahead of annual general meetings (AGM) that have been postponed in the wake of coronavirus. The firm has brought forward the day it will pay a dividend to May 18 from the initial date of […]
Dividends paid out to multinationals for their controlling stakes in Nairobi Securities Exchange-listed firms are set to drop by 21 percent this year as a few blue-chips reduced their payouts by significant amounts. Multinational firms including Vodacom Group, Diageo Plc, WPP Plc and BAT Plc have received or are set to get a total of […]
PricewaterhouseCoopers (PwC) now controls nearly a third of audits of the Nairobi bourse firms, in latest rotations of auditors that looks set to take its fees above Sh398 million. The audit firm has won three additional clients— KCB Group #ticker:KCB, HF Group #ticker:HFCK and CIC Insurance #ticker:CIC— as several listed firms moved to change auditors […]
PwC executive Muniu Thoithi. PHOTO | SALATON NJAU | NMG PricewaterhouseCoopers (PwC) now controls nearly a third of audits of the Nairobi bourse firms, in latest rotations of auditors that looks set to take its fees above Sh398 million. The audit firm has won three additional clients— KCB Group , HF Group and CIC Insurance […]
(Alliance News) – Kenyan agriculture firm Kakuzi Ltd on Wednesday reported a first-half revenue hike, though rising costs hurt profit. Sales in the six months to June 30 climbed 44% year-on-year to KES889.9 million, about GBP6.2 million, from KES619.5 million. Pretax profit was 43% lower however, at KES204.1 million from KES355.1 million a year earlier. […]
A general view of Stone High Street following an increase in cases of the coronavirus disease on July 30, 2020 in Stone, England. (Photo by Christopher Furlong/Getty Images) The UK has launched a £6.85 million aid to protect high street supply chains in developing countries. The funding will focus primarily on supply chains and workers […]
The Nairobi Securities Exchange-listed firm is already incurring costs of defending itself in the UK legal system. FILE PHOTO | NMG Agricultural firm Kakuzi has been sued in the United Kingdom for alleged human rights abuses, exposing the company to the risk of hefty fines and reparations to the victims. The Nairobi Securities Exchange-listed firm […]
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