The Nairobi Securities Exchange ( NSE ) Limited revenue from annual listing fees has dipped to a six-year low, highlighting the impact of delistings and suspensions at the bourse. NSE’s latest report shows the annual listing fee in the year ended December dropped by 6.82 per cent to Sh76.06 million compared to Sh81.62 million earned […]
Loss-making investment firm TransCentury is seeking to delist from the Nairobi Securities Exchange (NSE), saying it needs to meet a precondition for accessing new capital from private equity funds. The proposal to take the company private will be put to a shareholder vote at an extraordinary general meeting to be held via electronic means on […]
Loss-making investment firm TransCentury ( NSE:TCL ) is seeking to delist from the Nairobi Securities Exchange (NSE), saying it needs to meet a precondition for accessing new capital from private equity funds. The proposal to take the company private will be put to a shareholder vote at an extraordinary general meeting to be held via […]
• Petrol and diesel prices have, however, increased by Sh11.38 and Sh17.30 respectively while Kerosene, used mainly by households for cooking and lighting, has gone up by Sh2.98. • Consumption has been low on reduced economic activities. A fuel attendant fuels a car at Total Petrol station along Kimathi Street in Nairobi on July 14, […]
Vehicles line up at Total petrol station in Eldoret./ Consumption of petroleum products has continued to drop despite favourable pump prices occasioned by recent falling of global oil prices. Month-on-month consumption of super petrol, diesel and Jet A1 has been on a fall since January, latest data by the Energy and Petroleum Regulatory Authority (EPRA) […]
Former Kenya National Chamber of Commerce and Industry (KNCCI) national chairman Kiprono Kittony has been appointed the new chairman of the Nairobi Securities Exchange (NSE). Mr Kittony replaces Samuel Kimani who resigned on July 13 after serving as the chairman of the NSE board since 2012. “After a thorough process, the board of directors has […]
Nairobi Securities Exchange CEO Geoffrey Odundo. PHOTO | SALATON NJAU | NMG The Nairobi Securities Exchange (NSE) Limited revenue from annual listing fees has dipped to a six-year low, highlighting the impact of delistings and suspensions at the bourse. NSE’s latest report shows the annual listing fee in the year ended December dropped by 6.82 […]
•Large Oil Marketing Companies (OMCs) and retail station dealers are said to be hoarding product in speculation of higher pump prices in next week’s monthly price review. •Shortage has been reported in Western Kenya,Nairobi, Mombasa and other major towns. Vehicles line up at Total petrol station in Eldoret./ Petroleum dealers could be hoarding fuel products […]
•Most filling stations in Nairobi are selling between 3,000 and 6,000 litres a day. •Retail pump outlets and road transport account for 72 per cent of petroleum fuels sales. A petrol station attendant fuels a car in Nairobi’s CBD. FILE Sales volumes of petroleum products is on the drop despite a steep fall in pump […]
A pump attendant fuels vehicle in Nairobi on April 14, 2020. PHOTO | DENNIS ONSONGO | NMG The Petroleum Ministry on Tuesday rejected a petition by oil marketers for exclusion of cheaper fuel in this week’s monthly review in a push aimed at denying motorists the benefits of low crude prices. Marketers were pushing the […]
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