Vasu Abotula. or Vasu Abotula, June 2016 was the crowning moment of his decades’ toil in business. This was when he rang the bell, marking the listing of his firm – Nairobi Business Ventures – on the Nairobi Securities Exchange (NSE). Together with a bunch of like-minded associates, Mr Abotula had started NBV as a […]
KEY POINTS Safaricom is still the top mover of the day after selling 14.32 million shares followed by Equity Group with 5.83 million shares. Kenya Power and Kenya Re-Insurance sold 755,500 and 432,800 shares respectively. The top gainer of the day (Wednesday, January 27, 2020) was Centum Investments Limited with 5.92 percent at the price […]
The top mover of the day was BK Group after selling 9 million shares with a market capitalization of 16.56 billion shillings followed by Safaricom PLC with 3.44 million shares with a market capitalization of 1.46 trillion shillings. Equity Group and KCB Group sold 2.01 and 1.35 million shares respectively with a market capitalization of […]
NSE Chief Executive Geoffrey Odundo. [David Gichuru, Standard] After four years, Homeboyz Entertainment seems to have ended the listing drought at the Nairobi Securities Exchange (NSE), becoming the first entertainment firm to join the bourse. The listing by way of introduction came through the Growth Enterprise Market Segment (Gems). Gems was set up in 2013, […]
Vasu Abotula. or Vasu Abotula, June 2016 was the crowning moment of his decades’ toil in business. This was when he rang the bell, marking the listing of his firm – Nairobi Business Ventures – on the Nairobi Securities Exchange (NSE). Together with a bunch of like-minded associates, Mr Abotula had started NBV as a […]
On Wednesday, the markets closed with Sanlam Kenya emerging as the top gainer of the day with 8.33 percent at a price of 13.00 shillings per share. The second top gainer of the day was BK Group with 7.89 percent at the price of 20.50 shillings per share followed by HK Group with a gain […]
The Co-operative Bank of Kenya has become the sixth lender to issue a profit warning on expected 2020 earnings. In a notice to shareholders on Friday, the bank attributed the expected collapse in earnings to economic disruptions arising from the COVID-19 pandemic. The volatile operating environment has seen the lender raise its loan-loss coverage in […]
The developers of Village Market and Tribe Hotel have threatened to start liquidation proceedings against Nairobi Business Ventures (NBV) over a Sh5.2 million debt. In a 21-day statutory demand notice, Greenhills Investments said the sum included rent and interest owed up to November 19 this year. NBV started out as a leather products retail chain […]
The developers of Village Market and Tribe Hotel have threatened to start liquidation proceedings against Nairobi Business Ventures (NBV) over a Sh5.2 million debt. In a 21-day statutory demand notice, Greenhills Investments said the sum included rent and interest owed up to November 19 this year. NBV started out as a leather products retail chain […]
Investor wealth at the Nairobi Securities Exchange (NSE) dipped by Sh1 billion during the first trading day of the New Year Monday, data showed, halting two weeks of gains. The combined investor wealth at the bourse closed at Sh2.335 trillion amid a recovery in trading activities. This is in contrast with Sh2.336 trillion on the […]
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