The Nairobi Securities Exchange All-Share Index is set to halt a five-month winning streak in September after investors’ sentiments soured due to China Evergrande Group ’s crisis, and a local rally driven by growth in corporate earnings motivated investors to take out gains. So far this month investors on the bourse have lost 2.5% after […]
KEY POINTS Nairobi Business Ventures was the top gainer of the day on Thursday at the Nairobi Securities Exchange (NSE) with 6.09 percent at the price of 7.32 shillings per share. Nairobi Business Ventures was the top gainer of the day on Thursday at the Nairobi Securities Exchange (NSE) with 6.09 percent at the price […]
KEY POINTS The top gainer of the day was Eveready East Africa with 8.25 percent at the price of 1.05 shillings per share. Jubilee Holdings gained 5.36 percent at the price of 368.75 shillings per share. The top gainer of the day was Eveready East Africa with 8.25 percent at the price of 1.05 shillings […]
The flood of Chinese products has swept through the country’s nascent cottage industry. When China hoisted itself to the pinnacle as the “factory of the world,” it set off a huge tremor, cutting through the heart of Kenya’s manufacturing hub. The old mould-festered buildings in the sprawling Industrial Area aged faster; the rusty sputtering machines […]
KEY POINTS Umeme was the top gainer of the day on Thursday with 9.38 percent at the price of 7.00 shillings per share. The second top gainer was Stanlib Fahari Income – REIT with 3.55 percent at the price of 7.00 shillings per share. Umeme was the top gainer of the day on Thursday with […]
Business conglomerate Sameer Africa PLC has swung back to profitability posting Ksh.154.5 million in net earnings through six months to June from a Ksh.58.6 million loss last year. The return to profitability comes as the firm’s rejoins its primary tyre distribution business . The rise in earnings is however largely attributable to muted costs following […]
Troubled tyre maker Sameer Africa Plc has shed 107 jobs and put up an undisclosed property for sale to ease its biting cashflow constraints and return to profitability. The regional tyre distributor revealed through its 2020 annual report that it declared 107 positions redundant comprising management staff (75) and unionisable employees (32), translating to over […]
Regional tyre distributor Sameer Africa will retrench 75 management staff and 32 unionisable employees. PHOTO | FILE Troubled tyre maker Sameer Africa Plc has shed 107 jobs and put up an undisclosed property for sale to ease its biting cashflow. The firm also intends to focus on its rental business with a view to achieving […]
Nairobi Securities Exchange(NSE) recorded Kapchorua Tea Company as the top price gainer when trading ended this Wednesday. Kapchorua share price was up 10% to close at KSh 93.50 per share over the previous closing price of KSh 85.00 on Tuesday 13th, 2021. KAPC began 2021 with a share price of KSh 78.00 and has since […]
Sameer Africa will hold its 2021 Annual General Meeting (AGM) on Thursday 10th June 2021 by electronic means. For the latest key economic events use the free ECONOMIC CALENDAR
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