Yana Tyre Centre in Nairobi. Sameer Africa has returned to the tyre manufacturing business, barely a year after a dramatic exit from the loss-making venture. The company will now be involved in contract manufacturing, import and distribution of tyres. The listed firm owned by billionaire businessman Naushad Merali had also shifted focus to its property […]
NAIROBI, KENYA: Sameer Africa has revised the earlier decision to quit tyre manufacturing business in Kenya. In a Monday communication, the company Board said demand for its tyre brand ‘Yana’ in the local market has necessitated the decision to reopen the tyre arm. The Board of Directors of the Company meeting late last month approved […]
NAIROBI, KENYA: Sameer Africa has revised the earlier decision to quit tyre manufacturing business in Kenya. In a Monday communication, the company Board said demand for its tyre brand ‘Yana’ in the local market has necessitated the decision to reopen the tyre arm. The Board of Directors of the Company meeting late last month approved […]
Yana Tyre Centre in Nairobi. Sameer Africa has returned to the tyre manufacturing business, barely a year after a dramatic exit from the loss-making venture. The company will now be involved in contract manufacturing, import and distribution of tyres. The listed firm owned by billionaire businessman Naushad Merali had also shifted focus to its property […]
KEY POINTS Safaricom is still leading the table of top mover selling 10.44 million shares today followed by Equity Group and KCB Group with 5.80 and 3.50 million shares respectively. Olympia Capital was the top gainer of the day on February 2, 2021, at the NSE with 9.09 percent at the price of 2.40 shillings […]
The top mover of the day was BK Group after selling 9 million shares with a market capitalization of 16.56 billion shillings followed by Safaricom PLC with 3.44 million shares with a market capitalization of 1.46 trillion shillings. Equity Group and KCB Group sold 2.01 and 1.35 million shares respectively with a market capitalization of […]
On Wednesday, the markets closed with Sanlam Kenya emerging as the top gainer of the day with 8.33 percent at a price of 13.00 shillings per share. The second top gainer of the day was BK Group with 7.89 percent at the price of 20.50 shillings per share followed by HK Group with a gain […]
The construction of the Uganda Railway [Photo: Courtesy] Some of the wealthiest Kenyans are muhindis . Most are fourth generation. Their forefathers came here with nothing but a suitcase and manual skills to labour as watu wa mkono during the construction of the Uganda Railway, whose completion in 1901 saw Indian ‘Coolies’ stay, kick-starting our […]
The construction of the Uganda Railway [Photo: Courtesy] Some of the wealthiest Kenyans are muhindis . Most are fourth generation. Their forefathers came here with nothing but a suitcase and manual skills to labour as watu wa mkono during the construction of the Uganda Railway, whose completion in 1901 saw Indian ‘Coolies’ stay, kick-starting our […]
Market disruption and job losses are largely to blame for the current hard times. PHOTO | SHUTTERSTOCK The number of workers laid off by Nairobi Securities Exchange (NSE)-listed firms more than doubled to 7,000 last year on falling revenues, latest data shows, signifying the depth of the crisis in the jobs market which has worsened […]
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