Rwanda Capital Market Authority (CMA) has approved the first South African healthcare company, RH Bophelo Limited to be cross-listed on the Rwanda Stock Exchange (RSE). RH Bophelo entry on the local bourse makes it the 9th company to be listed on the RSE stock market but also comes at a time when another South African […]
Rwanda’s cement factory Cimerwa PPC has said that it is currently in the process of listing its shares on the Rwanda Stock Exchange (RSE). According to the newly appointed CEO of Cimerwa, Albert Kipkemoi Sigei, the company is under a process of being listed on the local bourse. Without revealing details, Sigei said; “Yes it […]
Fireworks lit up Nairobi skies Friday night as Nation Media Group (NMG) kick-started its 60th anniversary celebrations on April 26, 2019 at Nation Centre. PHOTO | SILA KIPLAGAT Safaricom has partnered with media houses in Kenya in a new innovation that will see newspapers made available to all smartphone customers in the country at KES […]
The Nation Media Group (NMG) on Friday issued a profit warning to its investors, citing reduced revenues due to the effects of Covid-19 pandemic. In a statement to shareholders, NMG chairman Wilfred Kiboro said that Covid-19 global pandemic presented an unprecedented risk to the economy in 2020 and possibly beyond. “The Board of Directors, having […]
An employee of the East African Breweries Ltd checks beer quality before labelling at the company’s plant in Ruaraka, Nairobi. PHOTO | FILE | NATION MEDIA GROUP The management says measures put in place to contain the deadly pandemic will see net earnings fall sharply to about Ksh8.64 billion ($86.4 million). More companies are expected […]
THE market is still in a distasteful shape, with turnovers at lowest point in the market’s recent history. Daily average turnover since the beginning of May 2020 amounts to 3.75m/- ($1,630) compared to 2.1bn/- ($917.65mln) for January and February. Equity turnover during the week under review dropped by 15 per cent to 13.92m/- ($6,044) compared […]
A busy section of the Nairobi central business district. The impact of social distancing, dusk-to-dawn curfew and closure of businesses has impacted on consumer spending, leading to job cuts and unpaid leave for workers as firms race to cut costs. FILE PHOTO | NATION MEDIA GROUP • To limit its spread, Kenya has suspended commercial […]
Few deny Kenya has a “debt problem”, but the country is not in a “debt crisis” – not yet. ILLUSTRATION | NATION MEDIA GROUP The coronavirus epidemic is raising the scale of indebtedness in Africa. In Kenya, the pandemic has slowed down economic growth from an initial projection of 6.2 per cent to 3.4 per […]
Few deny Kenya has a “debt problem”, but the country is not in a “debt crisis” – not yet. ILLUSTRATION | NATION MEDIA GROUP China needs clear strategic options to guide its intervention to help Kenya contain the epidemic and forestall a debt crisis. China might choose to improve on the G20 package to reduce […]
A customer at Cooperative Bank branch. PHOTO | FILE | NATION MEDIA GROUP Co-operative Bank of Kenya has announced flat profits for the three months to March as rising workers’ pay and costs linked to loan defaults ate into the lender’s earnings. The bank says net profit for quarter one stood at Sh3.58 billion against […]
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