Five Ugandan branches closed, employees’ salaries months in arrears, and a liquidation case unfolding in court. Tuskys is on its deathbed, and its survival is entirely dependent on ongoing efforts to revive the erstwhile regional giant retail chain. Over 6,000 jobs are at risk, with a recent announcement of a Ksh2 billion ($20 million) debt […]
Africa’s largest retailer Shoprite Holdings on Tuesday said it plans to leave Kenya by closing or disposing of its remaining two stores in the year ahead, after only two years of operation in the East African country. According to the retailer, the decision to leave is due to the economic impact of coronavirus (COVID-19) even […]
The top gainer of the day at the Nairobi Securities Exchange on Wednesday was Eaagads who closed the day with 9.52 percent at the price of 11.50 shillings per share. WPP ScanGroup was the second top gainer with 9.03 percent at the price of 7.00 shillings per share followed by Nairobi Securities Exchange with 6.15 […]
The top gainer of the day on Wednesday at the Nairobi Securities Exchange was Nairobi Business Ventures with 9.09 percent at the price of 0.60 shillings per share. Standard Chartered Bank was the second top gainer with 5.99 percent at the price of 163.75 shillings per share followed by Sanlam Kenya with 5.37 percent at […]
The top gainer of the day at the Nairobi Securities Exchange on Wednesday was Eaagads who closed the day with 9.52 percent at the price of 11.50 shillings per share. WPP ScanGroup was the second top gainer with 9.03 percent at the price of 7.00 shillings per share followed by Nairobi Securities Exchange with 6.15 […]
The top gainer of the day at the Nairobi Securities Exchange (NSE) on Thursday was Sameer Africa with 10.00 percent at the price of 3.85 shillings per share followed by Express with a gain of 7.66 percent at the price of 4.50 shillings per share. Umeme was the third gainer of the day with 6.34 […]
JOHANNESBURG (Reuters) – South Africa’s Shoprite Holdings ( SHPJ.J ) will lay off 115 staff and close another Kenyan store, less than a year after its opening as part of the supermarket’s expansion into the east African country, a letter seen by Reuters shows and the company confirmed. In the letter, addressed to the Kenyan […]
The top 5 gainers of the day at the Nairobi Securities Exchange (NSE) were: Nairobi Business Ventures Liberty Kenya Uchumi Supermarket East African Cables Kapchorua Tea Kenya. Nairobi Business Ventures gained 10 percent at the price of 0.66 shillings per share followed by Liberty Kenya with 8.03 percent at the price of 7.80 shillings per […]
What you need to know: For Alois Chami, a vocal and self-taught investor who joined the Nairobi bourse in 1973, he had one strategy: spread risks across all counters. But now he says for many of his counters, waiting for dividends has become like watching the grass grow; sometimes it withers. And now investors are […]
By Nqobile Dludla JOHANNESBURG (Reuters) – South Africa’s Shoprite Holdings will lay off 115 staff and close another Kenyan store, less than a year after its opening as part of the supermarket’s expansion into the east African country, a letter seen by Reuters shows and the company confirmed. In the letter, addressed to the Kenyan […]
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