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’ […]
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’ […]
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. […]
Bidco Africa Chairman Vimal Shah and Tusker Mattresses Group CEO Dan Githua at Tuskys T-Mall The majority of the outstanding debt, Ksh.2.5 billion is owned to DTB and relates to numerous facilities including a term loan, overdraft facility, letters of credit & guarantee, higher purchase facilities and insurance premium facilities (IPF). According to the projected […]
November, Wednesday 4, 2020: The top gainer of the day at the Nairobi Securities Exchange (NSE) was Flame Tree Group with 5.26 percent at the price of 1.40 shillings per share. WPP ScanGroup and British American Tobacco gained 3.17 and 2.68 percent at the price of 6.50 and 345.00 shillings per share respectively. Centum Investment […]
Express Kenya closed the week as the top gainer of the day at the Nairobi Securities Exchange (NSE) with 8.61 percent at the price of 3.91 shillings per share followed by Uchumi Supermarket with 7,14 percent at the price of 0.30 shillings per share. Stanbic Holdings and Fahari Stanlib Income – REIT gained 5,96 and […]
November, Monday 2, 2020: Safaricom was the top mover of the day after moving 7.89 million shares at a market capitalization of 1.25 trillion followed by Bamburi Cement with 1.78 million shares at a market capitalization of 8.28 billion shillings. Equity Group moved 1.09million shares at a market capitalization of 125.85 billion shillings while East […]
Tuskys Supermarket The Board of retailer Tusker Mattresses Limited (TML) has approved the appointment of two key leaders in the firm’s Finance Division. The board chair Bernard Kahianyu confirmed the appointments of Chadwick Okumu and Caroline Karimi as the Chief Finance Officer and Internal Audit Manager respectively. The board said the sanction of the two […]
Nairobi — UCHUMI Supermarket has opened an online portal for trade and services creditors to register their debts. In a statement, the retailer says the move is part of the implemention of the Company Voluntary Agreement (CVA), which has already received an approval from the High Court. Uchumi Supermarkets CEO Mohamed Mohamed says registration of […]
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 […]
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