Shoe-seller Nairobi Business Ventures (NBV) is seeking nod to set up Sh15 billion cement manufacturing plant in Machakos barely a month after announcing plans to diversify into new sectors to grow revenue. The firm, through its subsidiary—Shreeji Enterprises Kenya Limited— has sent an application to the National Environment Management Authority (Nema) seeking clearance for the […]
Nairobi Securities Exchange(NSE) recorded Kapchorua Tea Company as the top price gainer when trading ended this Wednesday. Kapchorua share price was up 10% to close at KSh 93.50 per share over the previous closing price of KSh 85.00 on Tuesday 13th, 2021. KAPC began 2021 with a share price of KSh 78.00 and has since […]
Nairobi Securities Exchange trading floor. PHOTO | NMG Investors’ wealth at the Nairobi Securities Exchange (NSE) yesterday hit a 39-month high, adding them Sh101.6 billion in the last one month on the back of a rally of Safaricom and Equity Bank stocks. NSE data shows the market recorded the third straight day of gaining to […]
Shoe-seller Nairobi Business Ventures (NBV) has lined up Sh18 billion to diversify into cement manufacturing, vehicle and aircraft repairs to grow revenue following the buyout by Dubai-based Delta International FZE. The Nairobi Securities Exchange-listed firm said in a notice Thursday that it will acquire land to set up a cement production plant and buy three […]
Nairobi Securities Exchange trading floor. PHOTO | NMG The value of shares traded on the Nairobi bourse yesterday hit a three-year high, buoyed by a rally in Safaricom and banking stocks that has seen investors gain Sh207.5 billion since mid-May. Nairobi Securities Exchange (NSE) data showed that the market gained for the fifth day in […]
The value of shares traded on the Nairobi bourse yesterday hit a three-year high, buoyed by a rally in Safaricom and banking stocks that has seen investors gain Sh207.5 billion since mid-May. Nairobi Securities Exchange (NSE) data showed that the market gained for the fifth day in a row to close trading at Sh2.7232 trillion—a […]
Overall sentiment on African equity markets was mixed with as many markets advancing as losing ground among the ones we cover on the continent. Zimbabwe leads the pack. Its benchmark index jumped 13.55%, while, conversely, Namibia’s dropped 3.13% over the week. West Africa BRVM – Market participants on the BRVM halted the downward trajectory the […]
NSE chief executive Geoffrey Odundo (left) with Nairobi Business Ventures executives Vasu Abotula (centre) and Raj Srungarapu during a bell ringing ceremony. PHOTO | DIANA NGILA | NMG It is said that even the most successful businesses have failed at some point in time. Companies that are financially stable today may not be so tomorrow. […]
KEY POINTS Safaricom is still leading the table of top mover selling 10.44 million shares today followed by Equity Group and KCB Group with 5.80 and 3.50 million shares respectively. Olympia Capital was the top gainer of the day on February 2, 2021, at the NSE with 9.09 percent at the price of 2.40 shillings […]
KEY POINTS KCB Group was the top mover of the day after selling 5.02 million shares followed by Safaricom with 3.18 million shares. Kenya Power and Kenya Re-Insurance sold 1.48 and 1.06 million Nairobi Securities Exchange was the top gainer of the day with 7.82 percent at the price of 9.10 shillings per share followed […]
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