KEY POINTS Uchumi Supermarket was the top loser after shedding off 9.09 percent at the price of 0.20 shillings per share followed by Sasini and Trans-Century with a loss of 5.61 and 4.31 percent at the price of 20.20 and 1.11 shillings per share. Top Gainers The top gainer of the day at the Nairobi […]
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 […]
Britam #ticker:BRIT managing director Tavaziva Madzinga’s short stint at the insurer shows how difficult it is to replace forever CEOs. Mr Madzinga announced his exit barely 10 months after he took over from Benson Wairegi who had served 40 years. The Zimbabwean is headed for South African insurer Santam and one wonders whether he really […]
Equity Group CEO James Mwangi could become one of the longest-serving CEOs in the country, after disclosing that he will leave his position earliest 2032. Mwangi has served the bank for 31 years including 17 years as CEO, and he plans to go beyond the 70-year age limit set by the Capital Markets Authority (CMA). […]
Equity Group chief executive James Mwangi has disclosed he will retire at the earliest in 2032 in what will make him one of the longest-serving CEOs of firms listed on the Nairobi Securities Exchange. Mr Mwangi, 59, says he expects to commit his future to the bank beyond the 70-year age limit set by the […]
Seven chief executives of Nairobi Securities Exchange-listed firms have served for more than 15 years and are expected to extend their tenure in a market where on average top managers don’t serve in excess of a decade. Flame Tree’s #ticker:FTGH founder, Heril Bangera, has the longest run of 32 years, followed by Car & General’s […]
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 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 […]
TPS Eastern Africa, the umbrella company for the Serena Hotels, has reported a Ksh. 557.3 million loss after tax for the first six months of 2021. This is a 13% decrease from the Ksh. 640.9 million loss reported for the same period last year. The firm’s revenue from contracts with customers declined to Ksh. 1.07 […]
TPS Eastern Africa Plc, which trades as the Serena Hotels has marginally trimmed its half year loss to Ksh.557.3 million from a wider loss of Ksh.641 million. The slight improvement from a greater loss is largely attributable to a Ksh.60.3 million gain represented by (Forex) savings on foreign currency loans as the shilling rebounded in […]
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