Jubilee Holdings #ticker:JUB has bought Coca-Cola East Africa’s former head office in Nairobi’s Upper Hill at a cost of Sh1.1 billion, with the insurer planning to move its headquarters to the property in September. The Nairobi Securities Exchange #ticker:NSE -listed firm will lease out part of its current address –Jubilee Insurance House on Wabera Street— […]
Tag: nairobi securities exchange
E-PAPER: Kenya’s women corporate trailblazers to watch
• The number of women on boards in Kenya has been on the steady increase over the years. • Kenya is fairing well globally with a diversity of 36 per cent at present, compared to 21 per cent in 2017. In a special edition to mark Women’s History Month, The Boardroom Africa (TBR) has launched […]
Britam completes sale of 6.7pc Equity stake this month
Britam strategy and investor relations director Catherine Karita. PHOTO | DIANA NGILA | NMG Insurance firm Britam Holdings expects to complete the sale of its 6.7 percent stake in Equity Group to the International Finance Corporation (IFC) this month, raising Sh13.9 billion from the transaction. The deal is expected to see the Nairobi Securities Exchange […]
NGX, CFA Society Nigeria collaborate to build capacity for efficient Derivatives Market
Nigerian Exchange Limited (“NGX” or “The Exchange”) and CFA Society Nigeria are set to host a series of workshops and trainings aimed at building capacity of market participants and deepening liquidity for derivatives products in the Nigerian capital market. The first in the series of workshops, themed “ Derivatives and the Nigerian Capital Market” , […]
Dar bourse braves Ukraine war as investor wealth rises by Sh90 billion in one month
A man stands by the bill board of the Dar es Salaam Stock Exchange (DSE) in Dar es Salaam at a past event. PHOTO | FILE Dar es Salaam. The Dar es Salaam Stock Exchange (DSE) has remained stable during the past one month despite the ongoing war between Russia and Ukraine, which has resulted […]
KQ reverses pay cuts, gets Sh20bn bailout nod
Kenya Airways #ticker:KQ has reversed pay cuts in light of signs of business recovery and MPs approving a Sh20 billion bailout. The carrier was last month returned pay cuts of up to 25 percent in cash preservation efforts after the Treasury delayed wiring the bailout billions. Kenya Airways chairman Michael Joseph said on Tuesday the […]
HF narrows full-year net loss to Sh593.29 million
House Finance Group #ticker:HFCK has narrowed its net loss by 65.2 percent in the year to December 2021 supported by fees and commission from loans and a reduction in running costs. HF Group posted a net loss of Sh593.29 million in 2021 from Sh1.71 billion in 2020. The Nairobi Securities Exchange-listed firm has not announced […]
Jubilee shareholders set for Sh1b dividends as profits hit Sh6.8b
Jubilee Holdings Chairman Nizar Juma (centre), Group CEO Julius Kip’ngetich (left) and Group Chief Operating Officer Juan Cazcarra during a press briefing on the firm’s 2021 financial results in Nairobi yesterday. Jubilee Holdings shareholders are set for a record Sh1.015 billion dividend payout after the insurer’s net profit grew 67 per cent helped by the […]
Vusi Thembekwayo to meet Kenyan SMEs during a three day conference in April
Vusi Thembekwayo, is one of Africa’s youngest, most sought after global speakers, venture capitalist, business leader and among the most successful entrepreneurs on the continent NAIROBI, Kenya, Mar 21 – Vusi Thembekwayo, one of Africa’s youngest, most sought after global speakers, venture capitalist, business leader and among the most successful entrepreneurs on the continent, is […]
Kakuzi full-year net profit dips 48.6% to Sh319m
Fruit maturity testing at Kakuzi/KAKUZI Agricultural firm–Kakuzi has reported a 48.6 per cent decline in net profit for the year ended December 2021, due to reduced earnings from avocado exports. The Nairobi Securities Exchange-listed firm on Wednesday reported a Sh319.7 million net profit for the year under review. This is down from Sh622 million it […]
