The capital markets regulator has capped the price of shares listed firms propose to buy back from market at 10 percent above the weighted value for the month preceding the resolution. The Capital Markets Authority (CMA) has set maximum and minimum share buyback price in new guidelines which are in line the Companies Act, 2015, […]
Stanbic Holdings has announced the appointment of Mr. Joseph Muganda as an Independent Non-Executive Director on the Board effective 12th October, 2021. Joe Muganda holds an MBA from Leicester University and a Bachelor of Science in Economics, Accounting and Financial Management from the University of Buckingham (UK). He has previously worked as the Managing Director […]
Nation Media Group (NMG)-Uganda will tomorrow launch a new and refreshed website for its flagship Uganda title, the Daily Monitor newspaper, as the first of many steps in the company’s digital transformation journey. The website, which will go live at midnight tonight, will incorporate content types from across the group’s media platforms, feature aspects of […]
“IT’S LIKE TASERING an elderly person who’s already on a pacemaker,” says a British newspaper boss of the newsprint market, where prices have risen by over 50% in a matter of months. The cost of paper that feeds into presses around the world is rising to record highs, pushing up expenses for newspapers from Mumbai […]
WHAT an eventful week for the Dar es Salaam Stock Market as banks and the Exchange released their quarter three results, the cement sector announcing a major acquisition, while JATU gives a roadmap of the next five years for the company, and most of this have been nothing short of amazing news. Despite the all-round […]
Nation Media Group (NMG)-Uganda will tomorrow launch a new and refreshed website for its flagship Uganda title, the Daily Monitor newspaper, as the first of many steps in the company’s digital transformation journey. The website, which will go live at midnight tonight, will incorporate content types from across the group’s media platforms, feature aspects of […]
Ian Fernandes, former CEO of Mediamax Networks, MD of Nation Broadcasting and Digital and MD of KTN has been appointed to the Board of Engage BCW, a Kenyan Public Relations and Communication agency. With his addition to the Engage BCW Board as Executive Director, Ian is expected to add value to the PR agency as […]
Data by the Ministry of Industrialisation shows the number of registered companies in Kenya stands at over 310,000 Out of the figure, only 65 are listed at the Nairobi Securities Exchange (NSE) Safaricom tops the list of the richest companies in Kenya followed closely the East African Breweries Ltd Data by the Ministry of Industrialisation […]
Kenya is preparing for an over 33 percent reduction in electricity tariffs starting December 2021 to shore up power demand and save the struggling utility firm, Kenya Power , from imminent collapse. The reduction in consumer tariffs from an average of Ksh24 ($0.21) per kilowatt hour to Ksh16 ($0.14) per kilowatt hour is part of […]
Dar es Salaam. Nation Media Group (NMG) yesterday announced it had bought back 17.1 million shares in its buyback offer which started in June this year. The Nairobi Securities Exchange (NSE)-listed firm, which also trades at the Dar es Salaam Stock Exchange (DSE), said the acquired shares represent 8.25 percent of the company’s issued share […]
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