Nairobi — As the world marks the International Women’s Day, the Global Compact Network Kenya in partnership with the Nairobi Securities Exchange (NSE), United Nations (UN) Women Kenya and International Finance Cooprtation (IFC) Africa joined stock exchanges across the globe to ring the annual Bell for Gender Equality. The event Convened by NSE becomes the […]
Tag: nairobi securities exchange
Rosier times for Kenya’s post-Covid economy despite election jitters: analysts
Economic recovery began with easing of Covid containment measures and gradual resumption of business in the past year. PHOTO | FILE | NMG Market analysts expect rising political temperatures ahead of the August general election, rising fuel prices, lower agricultural output due to potential adverse weather and the desert locust infestation in the northern parts […]
Price of Kenya’s gold-backed fund hits all-time high
NAIROBI, March 2 (Xinhua) — The price of Kenya’s gold-backed exchange traded fund (ETF) hit an all-time high of 2,075 shillings (18.2 U.S. dollars) on Wednesday, with investors reaping big as the value of the precious metal continues to rise globally. The gold is traded at the Nairobi Securities Exchange (NSE) under the Absa New […]
Keroche: How KRA’s thirst for taxes brought brewers down
A plant operator at Keroche Breweries supervises the production of Vienna Ice Strong Lager. May 2021 The decision by the Kenya Revenue Authority (KRA) to shut Naivasha-based Keroche Breweries over tax arrears of Sh323 million has brought to the fore the bruising brawl between the taxman and local brewers. KRA, whose perceived high-handedness has seen […]
Centum appoints Risper Alaro as Group Finance Director
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 […]
Mumias: Why Treasury and receiver are uneasy with Rai group
Jaswant Rai before the National Assembly Committee on Implementation, 2018. Scepticism is growing about the true intentions of billionaire Jaswant Rai’s bid for the takeover of the assets of Mumias Sugar Company. Those opposed to Jaswant’s takeover, including the National Treasury and KCB-appointed receiver-manager Pongangipalli Rao see him as a wolf in sheep’s clothing. They […]
Centum appoints Risper Alaro as finance director
Centum Plc #ticker:CTUM has appointed the former managing director of one of its subsidiaries, Risper Alaro, as the group finance director effective March 15. Ms Alaro worked in Centum for 18 years in various capacities, including the director of finance and operations and MD of Centum Business Solutions, returning now for a new role since […]
Jubilee Holdings buys additional 10% in SEACOM
Nizar Juma Chairman Jubilee Holdings during the launch of Explorer health insurance at Serena yesterday photoKARUGA WA NJUGUNA Nairobi Securities Exchange-listed financial services firm Jubilee Holdings has acquired an additional 10 per cent stake in undersea cable service provider SEACOM. This raises Jubilee’s shareholding in SEACOM from 18.8 per cent after an initial 8.8 per […]
Centum hands over Two Rivers luxury apartments to buyers
Nairobi Securities Exchange Chief Executive Geoffery Oundo (left) and Centum Real Estate Chairman James Ruitha during the handover of the Riverbank apartments in Nairobi yesterday. [Wainaina Wambu, Standard] Centum Real Estate has handed over the keys to 60 buyers of its luxury apartments located at the Two Rivers mixed-use development. This is the first Centum […]
SAA and KQ explore cooperation to survive
/Shutterstock.com Will McBain In a year in which Africa’s airlines continue to struggle against the long impact of Covid-19, the stakes are particularly high for two of the continent’s biggest airlines, which are tentatively pooling their resources in a fight to survive. Kenya Airways (KQ) and South African Airways (SAA) signed a Strategic Partnership Framework […]