Uchumi Supermarkets branch in Nairobi. FILE PHOTO | NMG UBA Bank has revived its bid to sell troubled Uchumi’s Supermarket land situated on Langata Road over a debt of Sh172 million. In an application before the High Court, UBA says Uchumi has failed to implement a Company Voluntary Agreement (CVA) agreed in March last year […]
DESPITE a change of the tide on the last trading session of the week, JATU still managed to trivially suppress the Tanzania Share Index (TSI) after the counter dropped by 23.15 per cent on a weekly basis. JATU opened the week at a price of 1,080/- then closing at 830/- on Friday 05th February 2021 […]
Imagine if every weekend supermarkets in Kenya allowed SMEs to access their premises and sold their own goods and services without being interrupted by anyone? Can this happen in Kenya? If this happened, will we be still losing 450,000 SMEs annually, 30,000 monthly and 1,000 daily? The sector would be far. Right? Can you believe […]
KEY POINTS The top mover of the day was Safaricom Plc after selling 10.61 million shares followed by Co-operative Bank who sold 2.77 million shares. Equity Group, KCB Group, and KenGen sold 1.36 and 1.21 million. Kenya Power and Lighting Company emerged as the top gainer of the day at the Nairobi Securities Exchange (NSE) […]
KEY POINTS KCB Group was the top mover of the day after selling 5.02 million shares followed by Safaricom with 3.18 million shares. Kenya Power and Kenya Re-Insurance sold 1.48 and 1.06 million Nairobi Securities Exchange was the top gainer of the day with 7.82 percent at the price of 9.10 shillings per share followed […]
KEY POINTS Top gainers of the day; Unga Group, Total Kenya, Crown Paints Kenya, Uchumi Supermarkets, and Umeme. Top losers were Trans-Century, Standard Group, Longhorn Publishers, Centum, and Carbacid. As the month of January snails to an end, Unga Group kicked off this week as the top gainer of the day with 8.29 percent at […]
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 […]
Kenya Power and Lighting Company (KPLC) emerged as the top gainer of the day on Wednesday, January 20, 2021, with 6.45 percent at the price of 1.65 shillings per share followed by HF Group with 5.52 percent at the price of 3.89 shillings per share. I & M Holdings and Britam Holdings gained 4.55 and […]
UK Offers work permit to non-graduate Kenyans Highly skilled Kenyans without degree-level qualifications will from next year be allowed to apply for work permits in Britain under post-Brexit immigration rules, enabling them to compete with job-seekers from the European Union and other regions. Britain’s new points-based immigration system, set to be implemented from January 2021, […]
After helping Kenya Airways secure close to Sh80 billion in loans, the government received only Sh1 million in director fees from the cash-strapped airline in the last financial year. But this lopsided relationship is not only with the national carrier, whose financial woes were aggravated by the Covid-19 pandemic. In the 2019-20 financial year, taxpayers’ […]
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