Standard Chartered Bank of Kenya Tuesday issued an additional 34.3 million ordinary shares worth Sh5.3 billion on the NSE, satisfying its bonus stock programme. PHOTO | FILE | NATION MEDIA GROUP Standard Chartered Bank of Kenya Tuesday issued an additional 34.3 million ordinary shares worth Sh5.3 billion on the Nairobi Securities Exchange (NSE), satisfying its […]
Diamond Trust Bank was the top gainer of the day on Thursday at the Nairobi Securities Exchange (NSE) with 6.56 percent at the price of 69.00 shillings per share. Olympia Capital was the second top gainer with 4.91 percent at the price of 2.35 shillings per share followed by the giant telecommunications company, Safaricom who […]
Clare Akamanzi, the chief executive of Rwanda Development Board (centre), flanked by other officials, rings the bell as CIMERWA lists its shares on the Rwanda Stock Exchange on Monday, August 3. The cement manufacturer becomes the 10th company to trade on the local bourse. / Photo: Courtesy. Rwanda Stock Exchange staff during trading earlier this […]
Kenya’s stock market hit a new 17-year low in Tuesday’s trading as most stocks continued to suffer losses. The benchmark NSE 20 Share Index closed at 1,794.6 points, a level last seen on April 28, 2003. The performance has pushed the current bear market to five-and-a-half years, with the index falling 67.3 per cent from […]
Traffic builds on Thika Highway on June 20. PHOTO | FILE | NATION MEDIA GROUP Commuters will find it a bitter pill to swallow connecting from their residential areas to Thika road Bus Rapid Transit stations and then boarding a different bus to town under the current BRT plan. According to a project feasibility, a […]
Rwanda’s leading Cement manufacturer CIMERWA has received approval from the Capital Markets Authority and the Rwanda Stock Exchange to list its shares on the local bourse on August 3rd 2020. Out of the listed shares constituting 703,219,520 shares (100%), a free float of 344,575,560 shares (49%) will be available for trading to the investor community […]
Kenya Rugby League Federation (KRLF) president Richard Nyakwaka exchange signed partnership documents with Homeboyz Entertainment CEO Mike Rabar during partnership launch in Nairobi on July 31, 2020. PHOTO | SILA KIPLAGAT | NATION MEDIA GROUP Kenya Rugby League Federation (KRLF) and Homeboyz Entertainment Limited have entered into a 10-year commercial and strategic partnership that will […]
Michael Joseph (left) will take over as board chairman following the retirement of Nicholas Nga’ng’a (right). PHOTO | FILE | NATION MEDIA GROUP Announcing the appointment, Safaricom CEO Peter Ndegwa said Mr Joseph takes over from August 1, 2020. There is probably no one who understands Safaricom better than Mr Joseph, who has served the […]
Kenya Airways planes parked at JKIA. PHOTO | FILE | NATION MEDIA GROUP Kenya Airways will be forced to inspect afresh the engines of its 10 Boeing 737 New Generation aircraft after the US aviation regulator warned that they could stall mid-air after being grounded for months. The Federal Aviation Authority (FAA) said the Boeing […]
Kenya Airways cabin crew usher passengers into an aeroplane at JKIA, Nairobi, following the resumption of domestic flights on July 15. PHOTO | FILE | NATION MEDIA GROUP With the second anniversary of the launch of direct flights between Nairobi and New York quickly approaching, the recent decision by Kenya Airways to cancel them could […]
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