Sameer Africa Managing Director Peter Gitonga, during an interview on February 12, 2021. Faced with the option of selling the trademark of the iconic Yana tyre brand, Sameer Africa opted for a comeback. The tyre business, which the listed firm exited less than a year ago, is estimated to have led to losses of Sh1 […]
Tag: sameer africa
Unclaimed cash, shares, dividends cross Sh50bn
Unclaimed cash, shares and dividends surrendered to a State agency have crossed the Sh50 billion mark as investors including tycoons show disinterest in reclaiming the idle assets. Unclaimed Financial Assets Authority (Ufaa) on Monday revealed the idle assets stood at Sh51.4 billion in December, up from Sh43 billion in June, reflecting a growth of 19 […]
Why Sameer made U-turn on its tyre business
Sameer Africa Managing Director Peter Gitonga, during an interview on February 12, 2021. Faced with the option of selling the trademark of the iconic Yana tyre brand, Sameer Africa opted for a comeback. The tyre business, which the listed firm exited less than a year ago, is estimated to have led to losses of Sh1 […]
Sameer Africa revives tyre business
In a public announcement issued on Monday, the company says the decision to make the U-turn has been occasioned by sustained demand for its principal brand of tyres- Yana. On April 20 last year, Sameer Africa announced its exit from the tyre business sighting continued challenges in the trade in a move that cut out […]
Sameer Africa makes a u-turn on tyre business
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 […]
Sameer Africa revives tyre business after exit
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 […]
Sameer Africa revives tyre business after exit
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 […]
Sameer Africa makes a u-turn on tyre business
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 […]
Olympia Capital Tops Second Day Of Feb At The NSE
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 […]
BK Group Ends The Day As Top Mover At The NSE
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 […]