Mumias Sugar receiver manager Ponangipalli Venkata Ramana Rao. PHOTO | DIANA NGILA | NMG The High Court on Thursday cancelled a 20-year-lease awarded to Uganda-based Sarrai Group to manage Mumias Sugar Company , delaying plans to revive the ailing miller that was placed under administration. Justice Alfred Mabeya froze the Sarrai Group deal on grounds […]
In recent years, one of the questions that has divided financial regulators is how frequent publicly listed companies should disclose their earnings to investors. Now there are two camps in this debate. The first are those who believe that the high frequency of disclosures keeps executives accountable by influencing them to make better decisions and […]
An employee makes notes in front of an electronic stock information screen inside the Nairobi Securities Exchange Ltd. (NSE), in Nairobi, 2015.[Riccardo Gangale/Bloomberg] For investors, Mwai Kibaki’s transformative ideas in the capital markets between 2002 and 2013 will surely outlive him. President Kibak i was many things to different people, but an admirable economist to […]
An employee makes notes in front of an electronic stock information screen inside the Nairobi Securities Exchange Ltd. (NSE), in Nairobi, Kenya, on Tuesday, December 8, 2015. [Riccardo Gangale, Bloomberg] The government’s income from profits and dividends in listed companies fell to Sh45 billion in the 2020/2021 financial year , a 37 per cent drop […]
Mumias sugarcane farmer Simon Wesechere inspects his sugarcane farm at his home at Shianda in Mumias East on March 24, 2022. [Benjamin Sakwa, Standard] Sugarcane farmers from Migori county are disappointed lot after Sony Sugar Company failed to pay them for deliveries made over a year ago. Elly Ochieng, one of the affected farmers, claims […]
Nairobi — Orange Democratic Movement (ODM) Leader Raila Odinga has pointed an accusing finger at Deputy President William Ruto for using public funds to campaign across the country. Odinga while campaign in Shinyalu, Kakamega in his day three tour in Western Kenya stated that Ruto should shun hypocrisy by claiming that money set aside for […]
Odinga while campaign in Shinyalu, Kakamega in his day three tour in Western Kenya stated that Ruto should shun hypocrisy. /COURTESY NAIROBI, Kenya, Mar 27 – Orange Democratic Movement (ODM) Leader Raila Odinga has pointed an accusing finger at Deputy President William Ruto for using public funds to campaign across the country. Odinga while campaign […]
Mumias Sugar Company main gate [Benjamin Sakwa, Standard] The High Court has struck out an affidavit querying the involvement of a Dubai company in the Mumias lease battle . Justice Alfred Mabeya dismissed the document filed by Gikwamba farmers questioning how Mumias assets that had secured loans from Eco Bank and French Development Agency Proparco […]
FILE Mumias Sugar Company entrance. Image: HILTON OTENYO Dan Lwanga, a 54 year old cane farmer in Matungu misses the good old days when his family used to holiday at the coastal beaches after receiving sugarcane dues. ”That envelope from Mumias Outgrowers Company was life to our family. It meant food, school fees and once […]
Listed battery distributor Eveready East Africa #ticker:EVRD is the most expensive stock on the Nairobi Securities Exchange (NSE) #ticker:NSE relative to its net assets, with its overvaluation driven by years of losses. Its equity or shareholders’ funds dropped 84.6 percent to Sh6.3 million in the year ended September 2021. Meanwhile, its 210 million issued shares […]
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