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 […]
KCB Group kicked off the week as the top mover of the day after selling 4.41 million shares with a market capitalization of 118.25 billion shillings followed by Safaricom with 2.24 million shares with a market capitalization of 1.28 trillion shillings. East African Breweries and Equity Group sold 827,100 and 669,500 with a market capitalization […]
November 9, 2020: Sameer Africa was the top gainer of the day on Monday at the Nairobi Securities Exchange with 9.71 percent at the price of 3.39 shillings per share. The East African Cables and Sanlam Kenya gained 9.29 and 7.06 percent respectively at the price of 1.53 and 13. 65 shillings per share respectively. […]
Nairobi Securities Exchange. FILE PHOTO | NMG Loss-making firms have dominated the top 10 list of stocks on the Nairobi Securities Exchange #ticker:NSE (NSE) that recorded price gains since the start of the year despite Covid-19-related economic disruptions. A review shows that stocks of firms such as Kenya Airways #ticker:KQ, Uchumi Supermarkets #ticker:UCHUM, Sameer Africa […]
Kenyan firms are joining the global trend of complete reinvention in seeking to seize opportunities presented by the fast-changing customer needs. For 25 years, Magana Flowers Kenya Limited has been synonymous with flowers, just as its company name indicates. But it is now ditching the floriculture industry in a major restructuring of its business operations […]
Sameer Africa #ticker:FIRE has shut down its tyre distribution business, a move that will see it sack 73 employees at the end of this month. The Nairobi Securities Exchange-listed firm had recently retrenched 52 workers, with the upcoming downsizing set to raise the total jobs lost to 125. Sameer says the tyre business has continued […]
PricewaterhouseCoopers (PwC) now controls nearly a third of audits of the Nairobi bourse firms, in latest rotations of auditors that looks set to take its fees above Sh398 million. The audit firm has won three additional clients— KCB Group #ticker:KCB, HF Group #ticker:HFCK and CIC Insurance #ticker:CIC— as several listed firms moved to change auditors […]
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