Nairobi Securities Exchange CEO Geoffrey Odundo. PHOTO | NMG BAT Kenya , East Africa Breweries Limited (EABL) and Safaricom led five stocks whose increase in investor wealth at the Nairobi Securities Exchange (NSE) since the start of the year surpassed the remaining 50 companies. The five stocks recorded a combined gain of Sh334 billion since […]
Stock Market Despite the weakening of prices of the giant cross-listed counters, the bull charging on the domestic counters was enough to lift both indices to close at the green during the week that ended on 21st May 2021. There were no block transactions during the week while zero activities were seen on TBL and […]
BOTH of the major indices were on the green during the first week of May, which ended on 07th May 2021. The Tanzania Share Index (TSI) and the All Share Index (DSEI) both gained 21.05 points and 33.11 points respectively. This is due to a rise in the market capitalization, where the domestic market cap […]
Kenya Revenue Authority headquarters in Kenya’s capital Nairobi. PHOTO | FILE | NATION MEDIA GROUP The High Court in Kenya has suspended the implementation of a newly introduced minimum tax on businesses following a petition challenging its enforcement. Justice George Odunga granted the conservatory orders on Monday restraining the Kenya Revenue Authority (KRA) from collecting […]
THE two major indices faced down during the week while the equity turnover significantly rose as pension funds scale up participation in financial markets. The Tanzania Share Index (TSI) dropped by a mere 0.04 point to close the week at 3,518.04 points, resulting from a decline of JATU. The price of JATU fell by 2.33 […]
FOLLOWING the recent passing of the former President of Tanzania, the late John Magufuli, 22nd March and 26th March 2021 were national funeral and burial days, in Dodoma and in Chato, Geita, respectively. Orbit Securities Co. Limited joins the capital markets, the financial sector and the whole nation in mourning of our fallen hero. May […]
In February 2021, Uganda exported 563,763 60-kg bags of coffee worth $50.55 million. PHOTO | FILE | NATION MEDIA GROUP Uganda’s coffee exports have defied coronavirus market disruptions for a straight second month recording growth in value and volume. The Uganda Coffee Development Authority last week released data that shows that the country’s coffee exports […]
Daily Monitor reporters in the newsroom (courtesy photo) A yet to be revealed number of journalists are set to lose their jobs in the coming days at two leading media houses in the country. At the Nation Media Group Uganda several employees will be laid of by the end of the month, over what the […]
The Daily Monitor newsroom in Namuwongo. Photo: Edgar R. Batte/Uganda Business News Nation Media Group Uganda, the media company, plans to dismiss staff as part of a restructuring seeking to “accelerate our digital transformation” and in response to effects of the Covid-19 pandemic. The company said in an email to staff that its “re-engineering” will […]
A Safaricom shop in Nairobi. FILE PHOTO | NATION MEDIA GROUP Kenya’s mobile phone operator Safaricom has topped the list of Africa’s most valuable brands by market capitalisation, with shareholder wealth peaking at a record high of $14.14 billion in February 2021. According to a new monthly survey by analysts at AfricanFinancials Group, Safaricom, which […]
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