Stanbic owned investment bank SBG Securities posted a 71.3 per cent drop in net profit in the year ended December 2020, due to lower advisory fees and brokerage commissions. The market intermediary reported a net profit of Sh34.98 million in the period, down from Sh121.85 million in 2019. Advisory and consultancy fees, which are earned […]
• This follows the unveiling of seven new rebranded petrol station at Ngong Racecourse, Karen, Matasia, Embakasi, Kimalat, Thika, and Karatina. • Besides fueling and servicing, customers will soon be able to shop and eat at all Rubis, KenolKobil and Gulf Energy subsidiaries. Newly rebranded Ngong Racecourse petrol station./RUBIS Rubis Energy Kenya has reiterated its […]
Newly rebranded Matasia petrol station/RUBIS French energy firm Rubis Energy plans to pump in $900 million (about Sh98.7 billion) in its operations in Kenya over a five year period, as it rebrands KenolKobil and Gulf Energy outlets. The oil firm is investing in the storage, distribution and sale of petroleum and liquefied petroleum gas in […]
The fact that five companies listed on the Nairobi Securities Exchange (NSE) control almost 80 percent of the capital market is a big risk that should be addressed urgently. Safaricom, East Africa Breweries Limited, Equity, Co-operative Bank and BAT Kenya counters see more trading activity in a day than most other stocks attract in months. […]
Securities trader at NSE. FILE PHOTO | NMG Safaricom #ticker:SCOM, BAT Kenya #ticker:BAT and East Africa Breweries Limited #ticker:EABL (EABL) accounted for 92 percent of the increase in investor wealth at the Nairobi Securities Exchange (NSE) since the start of the year, exposing the distortion of the bourse’s performance by the blue chip stocks. The […]
The Nairobi Securities Exchange electronic trading screen (PHOTO: FILE) Investment firm Kestrel Capital East Africa is shutting down its fund management business in a move that will see one of the most prolific names at the Nairobi Securities Exchange bow out. In a Kenya Gazette notice on Friday, the Capital Markets Authority (CMA) said Kestrel […]
The Nairobi Securities Exchange electronic trading screen (PHOTO: FILE) Investment firm Kestrel Capital East Africa is shutting down its fund management business in a move that will see one of the most prolific names at the Nairobi Securities Exchange bow out. In a Kenya Gazette notice on Friday, the Capital Markets Authority (CMA) said Kestrel […]
NSE Chief Executive Geoffrey Odundo. [David Gichuru, Standard] After four years, Homeboyz Entertainment seems to have ended the listing drought at the Nairobi Securities Exchange (NSE), becoming the first entertainment firm to join the bourse. The listing by way of introduction came through the Growth Enterprise Market Segment (Gems). Gems was set up in 2013, […]
Rubis Gigiri, Nairobi. FILE PHOTO | NMG It is normal for a company to tweak its brand to drive business and reinvigorate presence. Companies may want to develop new logos, marketing materials as well as names to rejuvenate interest from consumers, employees and investors, as well as stay ahead of competitors. Recent rebrands in Kenya […]
Vivo Energy Kenya MD Managing Peter Murungi and Sandra Mutua engage recruit a customer onto Shell Club, during the launch of Shell Sabaki station on November 13 Vivo Energy, the company behind the Shell brand in Kenya outsold its rivals to maintain market leadership despite a subdued market occasioned by the Covid-19 pandemic. The Petroleum […]
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