Agricultural firm Sasini #ticker:SASN grew its net income 45.5 times to Sh573.2 million in the year ended September, helped by higher sales and cost containment measures that boosted margins. The Nairobi Securities Exchange #ticker:NSE listed firm had made a net profit of Sh12.6 million the year before. Sasini declared a final dividend of Sh0.5 per […]
Investors lost Sh56.7 billion of paper wealth at the Nairobi Securities Exchange yesterday, the biggest interday drop since March last year. The market soured for investors holding Safaricom stocks to lose Sh56 billion as its share price declined to Sh38.5. East African Breweries #ticker:EABL shed Sh1.1 billion, Equity Bank #ticker:EQTY lost Sh943 million and Coop […]
A farmer plucking tea, COURTESY NAIROBI, Kenya, Jan 15 -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 […]
Car & General has traditionally been paying between Sh0.60 per share and Sh0.8 per share. Car & General has quadrupled shareholders’ dividends after net profit jumped three times in the financial year ended September 2021. The firm, which deals in a range of power generation, engineering and automotive products, including motorcycles and tuk-tuks (three-wheelers) yesterday […]
IRA chief executive Godfrey Kiptum with Equity Group CEO James Mwangi during the issuance of a licence allowing the Group to run an insurance business /HANDOUT Equity has ventured into the insurance business in what could shake up the market and help grow penetration to above the current 2.2 per cent. The Insurance Regulatory Authority […]
Dar es Salaam. When the year 2021 started, a share of the Tanga Cement Company Ltd (TCCL) at its Dar es Salaam Stock Exchange (DSE) trading counter was selling at Sh500. At the close of the year, the same share was being sold at Sh1,100, more than twice as much in value. The appreciation in […]
Critics have wondered how the tough Central Bank of Kenya (CBK) Governor, Dr Patrick Njoroge, has helplessly watched as the Shilling spectacularly buckled under the weight of a strong dollar. As a strong defender of the Shilling, Njoroge has in the past ruthlessly cracked down on any suspicious elements of speculation. He would quickly intervene […]
A woman looks at the screen of her mobile phone in front of an Apple logo outside its store in Shanghai, China July 30, 2017. /REUTERS US technology giant Apple has become the first company to hit a stock market valuation of $3 trillion, more than the combined market capitalisation of the Nairobi Securities Exchange […]
Kakuzi attributes decline in earnings to lower global market prices. Agricultural firm Kakuzi expects its earnings for the full year ended December 2021 to fall to levels seen at least six years ago on the back of reduced avocado exports and depressed prices. The Nairobi Securities Exchange -listed firm issued a profit warning yesterday, signalling […]
Power supply for electric car charging. PHOTO | POOL Car and General (C&G) will start selling electric vehicles and tuk-tuks as part of a plan to diversify into the ‘green’ mobility business that is expected to grow amid a push to address climate change and pollution. The Nairobi Securities Exchange-listed firm has been selling motorcycles […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.