Close to 1.7 million Kenyans were rendered jobless between April and July. The onset of the Covid-19 pandemic violently shook businesses the way a powerful storm buffets ships in the high seas. Many of them – particularly small and medium-sized enterprises (SMEs) with very little working capital as well as big establishments in hospitality, aviation, […]
NAIROBI, Aug 25 (Reuters) – Kenya’s Nation Media Group said on Wednesday it swung into profit in this year’s first half, versus a loss in the corresponding 2020 period. East Africa’s biggest news publisher, with several newspaper titles, broadcast stations and digital assets, said pretax profit was 410.7 million Kenyan shillings ($3.75 million) versus a […]
Adds details, background NAIROBI, Aug 25 (Reuters) – Kenya’s Nation Media Group NMG.NR said on Wednesday it swung into profit in the first half of this year from a loss a year earlier boosted by increased advertising revenues. East Africa’s biggest news publisher, with several newspaper titles, broadcast stations and digital assets, said pretax profit […]
Nation Media Group PLC Group Chief Executive Officer Stephen Gitagama (2R) with NMG non-executive director Wangethi Mwangi (R), Faida Investments Bank chairman Bob Karina (C), NSE CEO Geoffrey Odundo (2L) and Kenya Association of Stockbrokers and Investment Banks Chief Executive Willie Njoroge (L) during the NMG half year investor briefing at the Nairobi Serena on […]
Nation Media Group PLC Group Chief Executive Officer Stephen Gitagama (2R) with NMG non-executive director Wangethi Mwangi (R), Faida Investments Bank chairman Bob Karina (C), NSE CEO Geoffrey Odundo (2L) and Kenya Association of Stockbrokers and Investment Banks Chief Executive Willie Njoroge (L) during the NMG half year investor briefing at the Nairobi Serena on […]
Safaricom Chief Executive Officer Peter Ndegwa. [Wilberforce Okwiri,Standard] Mobile phone operator Safaricom is indisputably the most profitable company in Eastern and Central Africa. No company comes close to the telco, which recently made an incursion into Ethiopia after Addis Ababa liberalised its telecommunications sector. Yet, Safaricom’s dominance does not end in the goods and services […]
Dar es Salaam Stock Exchange (DSE) has posted a mixed movement where domestic and crosslisted stocks split between green and red. Tanzania Share Index (TSI) gained by 0.26 point following a 0.007per cent gain on the domestic market capitalisation. The TSI and domestic market cap closed the week at 3,640.38 points and 9.588tri/- respectively for […]
Investors’ wealth at the Nairobi Securities Exchange (NSE) yesterday hit a 39-month high, adding them Sh101.6 billion in the last one month on the back of a rally of Safaricom and Equity Bank stocks. NSE data shows the market recorded the third straight day of gaining to close yesterday valued at Sh2.785 trillion. Market capitalisation […]
Nairobi Securities Exchange trading floor. PHOTO | NMG Investors’ wealth at the Nairobi Securities Exchange (NSE) yesterday hit a 39-month high, adding them Sh101.6 billion in the last one month on the back of a rally of Safaricom and Equity Bank stocks. NSE data shows the market recorded the third straight day of gaining to […]
Today, while online commerce is not synonymous with the whole of retail, both e-commerce and physical retail can be seen as equals/FILE – Jeremiah Wakaya The Covid-19 pandemic continues to revolutionize not just individual lives but also traditional facets of the society at large. Prior to the onset of the global health crisis, commerce was […]
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