Uchumi Supermarket was the top gainer of the day on Wednesday at the Nairobi Securities Exchange (NSE) with 3.13 percent at the price of 0.33 shillings per share followed by Total Kenya with 2.04 percent at the price of 25 shillings per share. East African Breweries was the third gainer of the day with 1.76 […]
Stock Market INDICES had mixed signals during the week that ended on 10th July 2020, as the Tanzania Share Index (TSI) climbed while the All Share Index (DSEI) followed an opposite path. The TSI gained 4.97 points following a gain on the CRDB counter. The TSI closed the week at 3,466.81 points after a 0.14 […]
Eaagads was the top gainer of the day on Thursday at the Nairobi Securities Exchange (NSE) with 10.00 percent at the price of 9.90 shillings per share, followed by Trans-Century with 9.32 percent at the price of 1.76 shillings per share. I & M Holdings, the East African Cables, and Uchumi Supermarket gained 3.87, 3.17, […]
A man shops for maize flour at a supermarket in Nyeri, County. Most supermarkets have recorded low numbers of customers, a trend they blame for their failure to pay suppliers. PHOTO | FILE | NATION MEDIA GROUP The Competition Authority of Kenya wants to protect businesses, especially small enterprises, from collapse due to constrained cash […]
A Tuskys store on Muindi Mbingu Street, Nairobi. The supermarket chain has not been paying its suppliers and landlords, blaming delays on the impact of the coronavirus pandemic. FILE PHOTO | NMG Manufacturers want the government to urgently intervene and oversee the payment of money owed to Tuskys supermarkets’ suppliers to avoid a full-blown debt […]
ACTIVITIES on the Dar es Salaam Stock Exchange are still dwindling as turnovers are at the lowest in the recent history of the Exchange. During the week that ended on 29th May 2020, the total weekly turnover grew more than 22 folds, thanks to an off-market transaction on the TBL counter. The total equity turnover […]
QuickMart head of marketing Betty Wamaitha (centre). FILE PHOTO | NMG QuickMart Supermarket has upped the battle for shoppers in Nairobi’s central business district (CBD) after the retail chain opened its first outlet in the city centre. Botswana-based Choppies supermarket, which plans to exit Kenya following a cash flow hitch, previously occupied the premises on […]
THE Tanzania Share Index (TSI), slightly fell during the week after losing a 0.09 point to close the week at 3,494.06 points. The drop follows a 0.003 percent drop of the domestic market capitalisation originating from the DSE counter which fell by 1.11 per cent. The domestic market capitalisation closed the week at 9.17tri/- ($3.99bln). […]
On Monday, Home Afrika lost 3.85 percentage points in its share price after closing the day selling its stocks at 0.50 shillings from 0.52 shillings on Friday. While the real estate development company shed points on its share price, it secured a spot in the top movers’ category behind large-cap stocks such as Safaricom, KCB […]
Mr Paul Muthaura was at the helm of the regulator for more than seven years. PHOTO | SALATON NJAU | NMG After slightly more than seven years at the helm of the Capital Markets Authority (CMA), a soft-spoken Paul Muthaura has exited, leaving behind a mixed legacy. Mr Muthaura had the option of seeking another […]
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