The company that imported Russian Sputnik V Covid-19 vaccine has sued Nation Media Group seeking Sh4.8 billion for loss of business. The company wants the court to order NMG to pay them court filing fees and a permanent injunction restraining them from further publishing words that are defamatory to the firm. Dinlas Pharma EPZ Limited […]
Jubilee Holdings #ticker:JUB is preparing to buy back its own shares, giving it an option to repurchase the stock when it is trading below its fair value. The insurer has asked shareholders to amend its articles of association to authorise the unique transactions in the future. Nation Media Group #ticker:NMG is the first Nairobi Securities […]
Jubilee Holdings chairman Nizar Juma (seated) with the board of directors during the insurer’s 83rd AGM in Nairobi on June 29, 2021. PHOTO | DIANA NGILA | NMG Jubilee Holdings shareholders on Tuesday approved amendments to the company’s articles of association to enable it to buy back its own shares when trading below its fair […]
The Initial Public Offer of BCR should create excitement at the bourse PHOTO: File Nation Media Group (NMG) has kicked off a debut stock buyback plan in East and Central Africa by setting out to buy back 10 percent (20.7 million shares) of its issued and paid-up share capital in less than three months. The […]
Nairobi Securities Exchange trading floor. PHOTO | NMG The value of shares traded on the Nairobi bourse yesterday hit a three-year high, buoyed by a rally in Safaricom and banking stocks that has seen investors gain Sh207.5 billion since mid-May. Nairobi Securities Exchange (NSE) data showed that the market gained for the fifth day in […]
The value of shares traded on the Nairobi bourse yesterday hit a three-year high, buoyed by a rally in Safaricom and banking stocks that has seen investors gain Sh207.5 billion since mid-May. Nairobi Securities Exchange (NSE) data showed that the market gained for the fifth day in a row to close trading at Sh2.7232 trillion—a […]
BOTH major indices on the Dar es Salaam Stock Exchange were on the green during the week that ended on 25th June 2021. The Tanzania Share Index (TSI) gained 20.63 points following a rally on Twiga Cement (TPCC) and NICOL counters. Twiga went up by 9.38% on the back of a handsome dividend that has […]
Left-Right: Nairobi Securities Exchange (NSE) vice-chairman Paul Mwai, NSE chief executive Geoffrey Odundo, CDSC chief executive Nkoregamba Mwebesa, their CMA counterpart Wycliffe Shamiah, Faida Investment Bank operations director Rina Karina, Nation Media Group CEO Stephen Gitagama and ENSAfrica partner Mahesh Acharya during the media house’s bell-ringing to launch its share buy back at the bourse […]
THE domestic market sustained the bullish rally that began a few weeks ago as the domestic market capitalization slightly rose by 0.28 per cent during the week that ended on the 04th of June 2021. The Tanzania Share Index (TSI) went up 10.19 points to close the week at 3,625.41 points following the rally on […]
Botswana President Mokgweetsi Masisi during a press briefing after meeting with President Uhuru Kenyatta to discuss bilateral trade between the two countries at State House, Nairobi on July 23, 2019. PHOTO | NATION MEDIA GROUP Botswana’s President Mokgweetsi Masisi is expected in Dar es Salaam for a two-day official visit on Thursday, June 10, Tanzanian […]
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