Sameer Africa’s #ticker:SMER net profit jumped five times to Sh217.3 million in the year to December helped by cost controls. The company had posted a net profit of Sh43.3 million in 2020. Sameer said lower costs boosted margins significantly even as sales fell 13.98 percent or by Sh105.8 million to Sh651.6 million in the period. […]
Friendship: Chinese President Xi Jinping (R) meets with Kenyan President Uhuru Kenyatta in Beijing on May 15, 2017 . (Xinhua/Pang Xinglei) In our second of a four-part series, we look at President Uhuru Kenyatta’s efforts to secure more Chinese funding for the extension of the Standard Gauge Railway and the attendant blessings and curses that […]
Of all President Kenyatta’s flagship projects, it is the SGR that will define his legacy. In April 2019, a year after President Uhuru Kenyatta and former Prime Minister Raila Odinga reached a truce with the famous handshake, the two travelled to Beijing, China, and there were great expectations. They were not as enthusiastic when they […]
In this second part of the series on the assessment of President Uhuru Kenyatta and Deputy President William Ruto administration, writer Dominic Omondi looks in to Kenya’s debt burden, and how the amount of loans grew after the dalliance with China started. In April 2019, a year after President Uhuru Kenyatta and former Prime Minister […]
KEY POINTS Equity Group was the second top mover with 997,600 shares and a market capitalization of 198.12 billion shillings while Kenya Electricity Generating Company moved 898,200 shares, a market capitalization of 26.25 billion shillings. Top Movers Safaricom PLC was the only brand at the Nairobi Securities Exchange (NSE) on Friday that ended the week […]
KEY POINTS The top loser of the day was Sameer Africa shed off 6.51 percent at the price of 2.44 shillings per share followed by TPS Eastern Africa (Serena) with a loss of 6.15 percent at the price of 12.20 shillings per share. Top Gainers The top gainer of the day at the Nairobi Securities […]
content The Natural Rubber market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, the impact of domestic and global market players like Continental, Bridgestone, Goodyear, Sumitomo, Firestone/Sameer Africa, Tyre Corporation(Kal Tire), etc., value chain optimization, trade regulations, recent developments, opportunities […]
NSE chief executive Geoffrey Odundo monitors daily trading at the Nairobi Bourse/ Investors at the Nairobi Securities Exchange (NSE) last month lost almost over Sh60 billion in paper wealth as the Evergrande Group’s crisis hit home. Data from the Nairobi bourse shows market capitalisation dropped to Sh2.78 trillion from Sh2.84 trillion the previous month. Evergrande […]
Kenya Power and Lighting Company (KPLC) was the top mover of the day with 10.43 million shares with a market capitalization of 3.34 billion shillings. Safaricom came in second with 2.10 million shares and a capitalization of 1.66 trillion shillings. Nairobi Business Ventures, WPP ScanGroup, and NCBA Group ended the day by moving 244,200, 204,800, […]
KEY POINTS Absa Bank Kenya was the second top mover of the day with 3.06 million with a market capitalization of 57.57 billion shillings. Kenya Power and Lighting, KCB Group, and Stanlib Fahari Income – REIT moved 930,400, 550,500, and 331,900 respectively. The top mover of the day at the Nairobi Securities Exchange (NSE) on […]
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