Agricultural firm Sasini #ticker:SASN has fully mechanised its tea harvesting, a move that has seen it eliminate the costs it used to incur to pay seasonal tea pickers. The farm automation was one of the key contributors to the company’s sharp profit jump in the year ended September, chief executive Martin Ochien’g said. “The mechanising […]
BAT’S global R&D hub in Southampton, UK Global Cigarette maker, British American Tobacco (BAT) has edged up its plans to have 50 million consumers of its non-Combustible products by 2030 by setting up a virtual research and development centre. The firm, which also trades at the Nairobi Securities Exchange (NSE) says its global R&D hub […]
Sanlam Kenya has issued a profit warning for its financial results for the year ended 31 December 2021 NAIROBI, Kenya, Jan 21 – Sanlam Kenya has issued a profit warning for the financial results ended 31 December 2021 attributed to the firm’s approach of increasing premium default and claims from COVID -19 fatalities In a […]
NAIROBI, Kenya Jan 21-Shareholders’ wealth at the Nairobi Securities Exchange dropped by Sh185.73billion in the fourth quarter of 2021, as the markets still suffered from economic effects of Covid-19, the latest CMA statistical bulletin has revealed. The Capital Market Authority’s Q4 statistical bulletin shows that market capitalization at the Nairobi bourse dropped to Sh2.592 trillion […]
GLD/ NGNGLD – Update of ISIN of the NewGold debentures on the Nairobi Securities Exchange NEWGOLD ISSUER (RF) LIMITED (Incorporated in the Republic of South Africa) (Registration No. 2004/014119/06) JSE Share code: GLD NSX Share Code: NGNGLD ISIN code: ZAE000060067 (“NewGold”) UPDATE OF ISIN OF THE NEWGOLD DEBENTURES LISTED ON THE NAIROBI SECURITIES EXCHANGE Investors […]
The Kenya Revenue Authority (KRA) is demanding Sh677 million from Car & General (C&G), with the parties conflicting over the legal basis on which the taxman computed the sum. The tax demand is equivalent to 76.3 percent of the diversified trading company’s net profit of Sh887.2 million in the year ended September 2021. KRA says […]
Car & General #ticker:CGEN shareholders have enjoyed a Sh746 million gain in paper wealth at the Nairobi Securities Exchange (NSE) #ticker:NSE in the last five days on heavy demand for its shares amid limited supply following the announcement of a Sh3.20 per share dividend for the year ended September 2021. The share closed at a […]
The Kenya Mortgage Refinance Company (KMRC) is targeting to raise an initial Sh1.4 billion in its bond issuance that will eventually see the company take a total of Sh10.5 billion for onward lending to financial institutions. The company on Wednesday received approval from the Capital Markets Authority (CMA) to roll out the medium-term bond programme. […]
Equity Group ( NSE:EQTY , USE:EBL , RSE:EQTY ) has received a licence to operate a life insurance business in Kenya as the company seeks growth and diversification in the financial services industry. The Insurance Regulatory Authority (IRA) issued the licence to Equity Life Assurance (Kenya) Limited (ELAK), a subsidiary of the Nairobi Securities Exchange-listed […]
Nairobi — Agricultural firm, Limuru tea has projected a 25 percent decline in its net profits for the year ended 31 December 2021 attributed to lower green leaf volumes compared to 2020. In a notice to shareholders on Saturday, the Nairobi Securities Exchange listed firm attributed the declined profits to rising cost of production amid […]
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