A petrol station worker fuels a vehicle on Kimathi Street in Nairobi on July 14, 2019. PHOTO | FILE | NATION MEDIA GROUP In Mombasa, a litre of petrol will go for Sh80.85, diesel Sh75.88 and kerosene will retail at Sh77.29. These prices will be enjoyed until June 14, when the next review is due. […]
Mr Andre DeSimone, former CEO of Kestrel Capital. FILE PHOTO | NMG The Capital Markets Authority (CMA) wants an appeal filed by former head of one of Kenya’s biggest stockbrokers to overturn his punishment over the KenolKobil insider trading case dismissed. The regulator wants the appeal by Andre DeSimone, who left his position as chief […]
Pedestrians walk past a Kobil service station with the prices display of petrol (US $ 0.84 per litre unleaded) and diesel (US $ 0.72 per litre) on a signage in Kenya’s capital Nairobi, February 7, 2016. The global oil price is hovering at about $30 U.S. dollars a barrel. REUTERS/Thomas Mukoya Oil marketers have made […]
A car being fueled at a fuel pump. Business News Oil companies want EPRA to compute prices for May and June based on crude oil prices for February and March when the prices were higher Oil marketing companies want the Government to protect them by allowing them to sell fuel at high prices despite the […]
Mr Andre DeSimone, former CEO of Kestrel Capital. FILE PHOTO | NMG The Capital Markets Authority (CMA) is locked in a fresh court battle over the KenolKobil insider trading case after the former head of one of Kenya’s biggest stockbrokers – who was banned over the breach – moved to overturn the punishment. Andre DeSimone, […]
•Matatu Owners Association chairman Simon Kimutai says measures to contain the spread of Covid-19 coupled with the cost of spares, routine serving of vehicles, insurance and seasonal licenses makes the business costly. •Sales volumes of petroleum products also remain low despite the steep fall in pump prices. Matatus parked at the Kencom bus station. /FILE […]
Mr Paul Muthaura was at the helm of the regulator for more than seven years. PHOTO | SALATON NJAU | NMG After slightly more than seven years at the helm of the Capital Markets Authority (CMA), a soft-spoken Paul Muthaura has exited, leaving behind a mixed legacy. Mr Muthaura had the option of seeking another […]
KenolKobil station in Nairobi. FILE PHOTO | NMG KenolKobil’s acquisition by French multinational Rubis Energie and the quest by top banks Equity #ticker:EQTY and KCB #ticker:KCB to expand in the region topped the chart of corporate deals in 2019, with their business impact expected to be felt from next year. Rubis completed the acquisition of […]
The Nairobi Securities Exchange. FILE PHOTO | NMG The decline in trading at the Nairobi bourse has hurt earnings of the Nairobi Securities Exchange (NSE) #ticker:NSE, which plunged 82 percent from Sh133 million as at June 2018 to Sh24 million in the first half of this year. The NSE says that bond turnover in the […]
Static margins have forced oil marketers to turn to volumes to grow their earnings. FILE PHOTO | NMG Oil marketers are expecting the government to raise their profit margins this year, a move that will boost their earnings. Petroleum price controls started in December 2010 when the maximum margin per litre was set at Sh6 […]
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