At least 14 companies have issued profit warnings this year, with most blaming the economic fallout from the Covid-19 pandemic for their weaker earnings. Britam Holdings , Absa Bank Kenya , East African Breweries Limited ( EABL ), Kenya Power , East African Cables , Kenya Orchards , Longhorn Publishers , Nairobi Business Ventures , […]
At least 14 companies have issued profit warnings this year, with most blaming the economic fallout from the Covid-19 pandemic for their weaker earnings. FILE PHOTO | NMG At least 14 companies have issued profit warnings this year, with most blaming the economic fallout from the Covid-19 pandemic for their weaker earnings. Britam Holdings , […]
When minority shareholders of Express Kenya and Unga Group Plc halted takeover attempts in 2018, they marked a turning point in the running of corporates in Kenya, after many years of dominant shareholders forcing through virtually every policy decision. Many investors had watched helplessly as their money went down the drain because of poor decisions […]
Mo’unga produced a devastating Dulcify Quality display. Source: Steve Hart. Impressive colt Mo’unga looks to have the Spring Champion Stakes at his mercy after Chris Waller ‘s rising star proved to be a cut above in the Listed Dulcify Quality (1500m) at Rosehill on Saturday. A tilt at the Randwick 2000m Group 1 on October […]
The top loser of the day at Nairobi Securities Exchange (NSE) ON Thursday was Sameer Africa with a loss of 10.00 percent at the price of 3.60 shillings per share. Unga Group was the second top loser with 9.09 percent at the price of 30.00 shillings per share followed by Trans-Century with 8.82 percent at […]
Mr James Ndegwa, the Capital Markets Authority (CMA) board chairman. PHOTO | SALATON NJAU | NMG The Attorney-General has defended the appointment of James Ndegwa as the chairman of Capital Markets Authority (CMA) in a court case filed by activist Okiya Omtatah seeking his removal over alleged conflict of interest. Mr Omtatah argues that Mr […]
Like human beings, companies have their lifespan. Some may look like they will be around forever, but then some unforseen change comes about, and unable to cope, they die. Others shut down within hours or days of being born. While some stay on life support for an unusually long time, others make a surprise recovery. […]
Mr James Ndegwa (left) and his brother Andrew Ndegwa. FILE PHOTOS | NMG ICEA Lion Insurance Holdings, which is controlled by the family of the former Central Bank of Kenya governor Philip Ndegwa, is set to raise Sh2.4 billion from the sale of a 24.1 percent stake to private equity firm Leapfrog Investments. Regulatory filings […]
The top gainer of the day on Monday at the Nairobi Securities Exchange (NSE) was Standard Group with 9.79 percent at the price of 24.10 shillings per share. Kenya Re-Insurance was the second top gainer of the day with 9.00 percent at the price of 2.18 shillings per share followed by Uchumi Supermarket with 5.71 […]
Workers arranging flour at a Tuskys branch in Nairobi. FILE PHOTO | NMG The price of maize flour has gone up at major retail outlets, worsening the plight of households even as Covid-19 containment measures cut income streams. A two-kilogramme packet of Capwell Industries’ Soko maize meal costs Sh134, Unga Group’s Jogoo is retailing at […]
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