An electronic board displaying market data. The investor relations department’s role revolves around how a company communicates with investors, shareholders, government authorities, and the financial community. PHOTO | FILE | NMG Kenya’s listed firms are yet to embrace the roles of investor relations professionals in the running of their businesses, with latest data showing that […]
Safaricom Chief Executive Officer Peter Ndegwa. [Wilberforce Okwiri,Standard] Mobile phone operator Safaricom is indisputably the most profitable company in Eastern and Central Africa. No company comes close to the telco, which recently made an incursion into Ethiopia after Addis Ababa liberalised its telecommunications sector. Yet, Safaricom’s dominance does not end in the goods and services […]
Safaricom Plc #ticker:SCOM paid Michael Joseph an additional bonus of Sh127.5 million in the year ended March, making him Kenya’s best paid board member of a firm listed on the Nairobi bourse. The bonus came in a period when he had already relinquished the chief executive post to Peter Ndegwa, whose appointment took effect on […]
Nairobi Securities Exchange CEO Geoffrey Odundo. PHOTO | NMG BAT Kenya , East Africa Breweries Limited (EABL) and Safaricom led five stocks whose increase in investor wealth at the Nairobi Securities Exchange (NSE) since the start of the year surpassed the remaining 50 companies. The five stocks recorded a combined gain of Sh334 billion since […]
Safaricom Plc CEO Peter Ndegwa during the telco’s 20-year celebration at the Nairobi Serena Hotel on October 27, 2020. PHOTO | NMG Safaricom’s share of combined investor wealth at the Nairobi Securities Exchange (NSE) touched a high of 63 percent yesterday after days of a steady rise in its stock prices in a period that […]
Investments firm TransCentury Ltd #ticker:TCL (TCL) has made a U-turn on earlier plans to delist from the Nairobi Securities Exchange (NSE) where it is planning a rights issue. The company’s group chief executive Nganga Njiinu said Monday in interview the loss-making company will seek shareholders’ nod to issue 2 billion new shares at five shares […]
RUBiS Energy Kenya has today launched Ultra Tec, its first additivized fuel that is set to revolutionize fuel and engine performance for Kenyan motorists. Ultra Tec has been designed using advanced fuel technology to improve engine cleanliness and performance while reducing emissions for a cleaner Kenya and improving fuel economy to save customers money. Currently, […]
The Nairobi Securities Exchange (NSE) has stepped up its push for the sale of additional government stake in Safaricom and cash-rich parastatals like Kenya Ports Authority (KPA) to cut the State appetite for expensive loans in the short term. The NSE chief executive Geoffrey Odundo told Parliament Tuesday that the State has the potential to […]
The Nairobi Securities Exchange (NSE) has stepped up its push for the sale of additional government stake in Safaricom and cash-rich parastatals like Kenya Ports Authority (KPA) to cut the State appetite for expensive loans in the short term. The NSE chief executive Geoffrey Odundo told Parliament Tuesday that the State has the potential to […]
Mr James Ndegwa, the Capital Markets Authority (CMA) board chairman. PHOTO | SALATON NJAU | NMG The tenure of billionaire businessman James Ndegwa at the Capital Markets Authority (CMA) has come to an end, bringing to a close his six-year term that was marked with conflict of interest accusations. Mr Ndegwa, who was first appointed […]
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