KEY POINTS Equity Group was the second top mover with 997,600 shares and a market capitalization of 198.12 billion shillings while Kenya Electricity Generating Company moved 898,200 shares, a market capitalization of 26.25 billion shillings. Top Movers Safaricom PLC was the only brand at the Nairobi Securities Exchange (NSE) on Friday that ended the week […]
KEY POINTS The top loser of the day was Sameer Africa shed off 6.51 percent at the price of 2.44 shillings per share followed by TPS Eastern Africa (Serena) with a loss of 6.15 percent at the price of 12.20 shillings per share. Top Gainers The top gainer of the day at the Nairobi Securities […]
The revelation that 97 percent of stock trading accounts have been dormant for years should spur regulators and other stakeholders in the capital markets into action. It speaks to widespread investor apathy that comes on the back of disappointing returns, a major part of which can be traced to poor corporate governance among some Nairobi […]
Technology adeptness has come at a price for workers as more jobs are taken up by machines. [Courtesy] Technology continues to revolutionalise the workplace, with companies becoming more efficient and effective. But this adeptness has come at a price for workers more jobs are taken up by machines. For instance, agricultural firm Sasini in its […]
British American Tobacco (BAT) office in Nairobi. British American Tobacco (BAT) Kenya has proposed to pay its shareholders a dividend of Ksh50 ($0.44) per share after its net profit surged by 18 percent for the year ended December 31, 2021. PHOTO | FILE Net profit increased to Ksh6.48 billion ($57.34 million) from Ksh5.51 billion ($48.76 […]
New KCC has initiated talks with the Azim Milk Company of Oman in a deal that would see Kenya’s milk export increase by Sh100 million per annum. The deal is to supply lactose-free milk to Oman for an initial five years. Kenyan exports to United Arab Emirates (UAE) are worth Sh34.1 billion ($300 million) while […]
Centum Investment Company #ticker:CTUM has been spared from compensating the buyer of its Coca-Cola bottling businesses Sh3.7 billion after the Supreme Court stopped the Kenya Revenue Authority (KRA) from demanding the billions. The company in 2019, sold its 27.6 percent stake in Nairobi Bottlers and 53.9 percent interest in Almasi Beverages — the owner of […]
Patricia Ithau has been appointed WPP Scangroup CEO/Executive Director effective March 14, 2022. [Courtesy] Patricia Ithau has been appointed as the Chief Executive Officer and Executive Director of WPP Scangroup. Scangroup Chairman Richard Omwela, in a statement seen by The Standard, said Ithau will begin her term on March 14, 2022. “She oversaw the expansion […]
KEY POINTS REITS in layman’s terms means-become a landlord with no headache. Real estate Investment Funds in simple terms are licensed investment vehicle which invests and finances income-generating real estate. Kenyans love for real estate has proven to be a very costly affair. Real estate in Kenya has been traditionally perceived to be acquiring land […]
Kenya’s first mortgage refinancing company is selling a 10.5 billion shilling ($93 million) medium term note, whose proceeds will be lent out to commercial banks to increase affordable home ownership, the company said on Friday Nairobi – Kenya’s first mortgage refinancing company is selling a 10.5 billion shilling ($93 million) medium term note, whose proceeds […]
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