NMG Ex Dividend / Book Closure Date: 17th June 2022; Dividend Amount: 1.5 KES per share; Payment Date: 29th July 2022
Tag: nation media group
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 […]
Paint firms lose bid to block new taxes on raw materials
Justice James Makau. PHOTO | FILE | NATION MEDIA GROUP The High Court has dismissed a petition by manufacturers to quash new taxes imposed by the government on raw materials used in the production of paints. Justice James Makau ruled that levying of tax cannot be said to be a breach of the right to […]
Home Afrika Tops the NSE On Monday As Uchumi Leads The Losing Pack
KEY POINTS Uchumi Supermarket was the top loser after shedding off 9.09 percent at the price of 0.20 shillings per share followed by Sasini and Trans-Century with a loss of 5.61 and 4.31 percent at the price of 20.20 and 1.11 shillings per share. Top Gainers The top gainer of the day at the Nairobi […]
John Kibunga: From Squatter to Billionaire NSE Investor
Kenyan billionaire investor John Kibunga Kimani. In 2018, Billionaire investor at the Nairobi Stock Exchange (NSE), John Kibunga Kimani, set up a foundation valued at Ksh93 million to give back to Kakuzi squatters, a society he spent his childhood in. At the time, Kibunga explained that he wanted to empower the community and dedicated his […]
Ex-NSSF manager fined Sh2.6bn or 14 years in jail over fraud
A former investment manager with the National Social Security Fund, Francis Moturi, has been found guilty of fraud and slapped with Sh2.6 billion fine or 14 years in prison. Moturi had been convicted for defrauding NSSF Sh1.2 billion through a collapsed stockbroker in 2008. The pensioners fund is said to have lost an estimated Sh5.5 […]
Kenya seeks to regain fuel business from Dar with its new reserve in Mombasa
Kenya is banking on the $385 million new Kipevu Oil Terminal to wrest the petroleum business from Dar es Salaam port, which has been supplying the Great Lakes region. Tanzania turned the tables on the port of Mombasa after persisted allegations of adulteration of petroleum products on the Northern Corridor. Then the three-year closure of […]
Kenya sales pushes EABL half year profit to $76m
East African Breweries Limited Managing Director Jane Karuku. PHOTO | JEFF ANGOTE | NATION MEDIA GROUP The brewer attributed the 23 percent growth to investment behind brands and innovation in the route to market in response to consumer behaviour shifts. EABL has also reported a 51 percent increase in physical asset acquisition in support of […]
Debt servicing, weak shilling cut Kenya’s net foreign assets by $763m
A trader at Muthurwa market in Kenya’s capital Nairobi counting money after the day’s sales. The local currency has depreciated to trade at 113 units to the dollar from 100 units to the greenback in February 2020 – a month before the country registered its first case of coronavirus. PHOTO | FILE | NATION MEDIA […]
Uganda bags $78mln from Airtel in licence renewal payment, highest in the region
Airtel Uganda paid the Ugandan government $77.79 million to renew its 20-year licence, its latest financial report shows. The company also borrowed $4 million from Standard Chartered Bank to pay for its licence renewal in October 2020, the new disclosures in its full financial year ending March 2021 show. This comes as the parent company, […]