Pullouts, shutdowns and divestments are almost becoming the new norm for retail chains across Africa, most especially in the eastern part of the continent . The latest in the fold is Deacons East Africa, a fashion brand that has operated in East Africa for up to 60 years. Possible Liquidation The fashion and clothing retailer […]
The receiver manager appointed by the Kenya Commercial Bank (KCB) to turn around the financially struggling Mumias Sugar Company is on the spot after local growers accused him of doing little to revive sugar milling operations a year after he took over the firm. Farmers have accused Mr Ponangipalli Venkata Ramana Rao of promising to […]
Kakamega Governor and CoG chairman Wycliffe Oparanya during a meeting with officials from the Greater Busoga Sugar Cane Growers Cooperative Union in his boardroom on Friday, August 21, 2020 A Ugandan investor has shown interest in taking over the management of the troubled Mumias Sugar Company for revival. Officials from Greater Busoga Sugar Cane Growers […]
Investors at the Nairobi Securities Exchange (NSE) will have to wait longer to know the fate of their funds locked in firms suspended from trading. According to the Capital Markets Authority’s (CMA) quarterly report for the three months ending June this year, a total of six companies out of the 64 listed ones remain suspended […]
Investors at the Nairobi Securities Exchange (NSE) will have to wait longer to know the fate of their funds locked in firms suspended from trading. According to the Capital Markets Authority’s (CMA) quarterly report for the three months ending June this year, a total of six companies out of the 64 listed ones remain suspended […]
What you need to know: For Alois Chami, a vocal and self-taught investor who joined the Nairobi bourse in 1973, he had one strategy: spread risks across all counters. But now he says for many of his counters, waiting for dividends has become like watching the grass grow; sometimes it withers. And now investors are […]
Investors at the Nairobi Securities Exchange (NSE) will have to wait longer to know the fate of their funds locked in firms suspended from trading. According to the Capital Markets Authority’s (CMA) quarterly report for the three months ending June this year, a total of six companies out of the 64 listed ones remain suspended […]
Like human beings, companies have their lifespan. Some may look like they will be around forever, but then some unforseen change comes about, and unable to cope, they die. Others shut down within hours or days of being born. While some stay on life support for an unusually long time, others make a surprise recovery. […]
• The leaders said in a joint statement that they want a clear identification and listing of debts owed by all the sugar firms and the waiver clearly and legally outlined. • Wetangula accused some leaders from the region of moving around with unattainable development agend ANC leader Musalia Mudavadi and Ford Kenya leader Moses […]
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 […]
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