Risper Alaro appointed as Group Finance Director at Centum [Courtesy] Centum Investment Company PLC has appointed Risper Alaro as the Group Finance Director effective March 15, 2022. Alaro, who was on a three-year sabbatical leave, previously served Centum in various leadership capacities for a period of 18 years. She established Centum Business Solutions Ltd and […]
Tag: nairobi securities exchange
More than half of Kenya’s entire GDP is now transacted on this African fintech app
Check out Fortune ’s Brainstorm Design Conference, taking place May 23-24 in Brooklyn, N.Y. For more details and to apply to attend, click here . Susan Njeri starts her workday at 4 a.m., leaving her home in Nairobi hours before her three children wake for school. In the pre-dawn glow, she sets up her food […]
Jubilee raises stake in Seacom fibre project
Insurance group Jubilee Holdings #ticker:JUB has purchased an additional 10 percent stake in submarine fibre optic cable project Seacom for an undisclosed sum, raising its ownership in the venture to 18.8 percent. The Nairobi Securities Exchange #ticker:NSE -listed firm, which owns shares in Seacom indirectly through IPS Cable System Limited, previously owned an 8.8 percent […]
KCB quietly extends CEO Oigara’s contract by one year
KCB Group CEO Joshua Oigara. PHOTO | SALATON NJAU | NMG KCB Group has quietly extended the term of Chief Executive Officer Joshua Oigara by a year as it continues the search for a successor to the long-serving leader ahead of December. The extension, until December 31, is the second extension for the 47-year old […]
Mumias Sugar: Dashed dreams, court battles and delayed revival
FILE Mumias Sugar Company entrance. Image: HILTON OTENYO Dan Lwanga, a 54 year old cane farmer in Matungu misses the good old days when his family used to holiday at the coastal beaches after receiving sugarcane dues. ”That envelope from Mumias Outgrowers Company was life to our family. It meant food, school fees and once […]
Eveready East Africa most expensive stock on NSE
Listed battery distributor Eveready East Africa #ticker:EVRD is the most expensive stock on the Nairobi Securities Exchange (NSE) #ticker:NSE relative to its net assets, with its overvaluation driven by years of losses. Its equity or shareholders’ funds dropped 84.6 percent to Sh6.3 million in the year ended September 2021. Meanwhile, its 210 million issued shares […]
A toast to Tanzania for the fastest growth as we go into next century
Kenya Breweries Limited Managing Director Jane Karuku during interview with The EastAfrican in Nairobi on March 1, 2022. PHOTO | JEFF ANGOTE | NMG Whether it is Kenya Breweries, Serengeti Breweries or Uganda Breweries, EABL is an integral part of the society and the economy. In 2000, EABL attracted the global firm Diageo, who acquired […]
Eveready East Africa most expensive stock on the Nairobi Securities Exchange
Listed battery distributor Eveready East Africa is the most expensive stock on the Nairobi Securities Exchange (NSE) relative to its net assets, with its overvaluation driven by years of losses. Its equity or shareholders’ funds dropped 84.6 percent to Sh6.3 million in the year ended September 2021. Meanwhile, its 210 million issued shares traded at […]
Bamburi increases cement prices on escalating costs
Bamburi Cement Plc #ticker:BAMB is now the latest company to announce plans to increase prices of its products by between two and 10 percent effective March 10 due to higher cost of input raw materials. The move is rare in the cement industry which had suffered declining prices over the years amid price wars as […]
Coca-Cola’s $8bln African IPO plan
Image used for illustrative purpose. A view of Coca-Cola bottles at the opening ceremony of a Coca-Cola factory outside of Yangon June 4, 2013. Soe Zeya Tun Coca-Cola Co, based in Atlanta, US, could quaff €7bn ($8.1bn) when it lists its African bottling operations with an initial public offering. It owns 66.5% of Coca-Cola Beverages […]