Print Track Keywords An Africa equity-focused fund manager believes that it pays to bet on Africa’s earnings growth. Steyn Capital Management , an African and frontier markets-focussed equities investor located in the Winelands surrounding Cape Town, South Africa, has been investing in African markets since 2009. It manages more than US$700m in a South African […]
Patricia Ithau appointed Chief Executive Officer of WPP Scangroup WPP Scangroup today announces the appointment of Patricia Ithau as Chief Executive Officer. Patricia is a highly accomplished business and marketing leader who brings more than 25 years of experience in senior leadership roles overseeing the expansion of major consumer brands in Eastern Africa at companies […]
WPP Scangroup’s MediaCom has launched SpotLift, a TV attribution tool, to measure the impact of TV advertising in line with outcomes. The launch is in response to a growing need from clients for a better quality of data and insights around TV media buying. SpotLift works by isolating the usual website traffic to determine the […]
The Nairobi Securities Exchange (NSE) opened the year on the up in Monday’s trading, largely buoyed by a gain in the Safaricom #ticker:SCOM stock. The telco, which accounted for 57 percent traded turnover at the market Monday, saw its price rise by Sh0.20 to Sh38.15 on the back of high demand by foreign investors. Other […]
Seven chief executives joined corner offices at Nairobi Securities Exchange #ticker:NSE -listed firms in 2021, filling vacancies that were created by various circumstances. The companies that made substantive or temporary CEO appointments include Britam Holdings #ticker:BRIT , East African Portland cement #ticker:PORT and BOC Kenya #ticker:BOC . Others were Kenya Power #ticker:KPLC, Nairobi Business Venture […]
Kenyan education technology startup Craydel has announced it has raised Sh110 million ($1 million) to expand outside of Kenya to serve more students on the continent. The funding will also be used to improve its search and recommendation engine, enhance its proprietary online career resources and technology. Founded by ex-WPP Scangroup executive Manish Sardana, John […]
Seven chief executives of Nairobi Securities Exchange-listed firms have served for more than 15 years and are expected to extend their tenure in a market where on average top managers don’t serve in excess of a decade. Flame Tree’s #ticker:FTGH founder, Heril Bangera, has the longest run of 32 years, followed by Car & General’s […]
Advertising giant WPP PLC, which operates in Kenya, will pay $19 million (Sh2 billion) to resolve US government allegations that it failed to adequately guard against corruption risks in India, China, Brazil and Peru, securities regulators announced Friday. The American Securities and Exchange Commission (SEC) said an Indian subsidiary of WPP paid as much as […]
The bounce back is majorly anchored on lower costs including shaved staff costs and thinner impairment charges. For instance, provisions for bad and doubtful debts have declined to Ksh.25.4 million from a greater Ksh.328.8 million in the corresponding period last year. The performance at the half year stage is however bitter-sweet for shareholders with WPP […]
Kenya Power and Lighting Company (KPLC) was the top mover of the day with 10.43 million shares with a market capitalization of 3.34 billion shillings. Safaricom came in second with 2.10 million shares and a capitalization of 1.66 trillion shillings. Nairobi Business Ventures, WPP ScanGroup, and NCBA Group ended the day by moving 244,200, 204,800, […]
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