The revelation that 97 percent of stock trading accounts have been dormant for years should spur regulators and other stakeholders in the capital markets into action. It speaks to widespread investor apathy that comes on the back of disappointing returns, a major part of which can be traced to poor corporate governance among some Nairobi […]
The decline of big names such as Uchumi, Kenya Airways, East African Cables, East African Portland Cement and Mumias Sugar was the first sign of struggle in corporate Kenya. [File, Standard] An increase in the number of financially crippled corporates is the new headache for banks, with some lenders in court battles to recover billions […]
The revelation that 97 percent of stock trading accounts have been dormant for years should spur regulators and other stakeholders in the capital markets into action. It speaks to widespread investor apathy that comes on the back of disappointing returns, a major part of which can be traced to poor corporate governance among some Nairobi […]
The decline of big names such as Uchumi, Kenya Airways, East African Cables, East African Portland Cement and Mumias Sugar was the first sign of struggle in corporate Kenya. [File, Standard] An increase in the number of financially crippled corporates is the new headache for banks, with some lenders in court battles to recover billions […]
DUBLIN–( BUSINESS WIRE )–The "East Africa Cement Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com’s offering. The East Africa cement market reached a volume of US$ 4.55 Billion in 2020. Looking forward, the publisher expects the East Africa cement market to exhibit strong growth during the next […]
The National Stock Exchange (NSE) 55 Westlands Rd, Starehe, Nairobi National Bank of Kenya (NBK) has formally exited the Nairobi bourse following the acquisition by KCB Group in September 2019. Capital Markets Authority (CMA) said the exit will be effected on Thursday for the counter that has not been trading on the Nairobi Securities Exchange […]
The proposal to increase import duty on clinker, a raw material used in making cement, from 10 percent to 25 percent, will crush competitors outright. Devki Group, which owns four cement firms, has been lobbying the government to raise the taxes. But the reality is Kenya does not produce adequate clinker, for one reason or […]
The Competition Authority of Kenya (CAK) has warned the government against implementing a proposal by billionaire industrialist Narendra Raval to raise the import duty on clinker, a raw material used in cement production, from 10 percent to 25 percent. Mr Raval whose Devki Group owns four cement firms has been lobbying the government to raise […]
East African Breweries Limited ( EABL ) said yesterday its Sh11 billion bond was oversubscribed by more than three times signalling renewed investor confidence in the previously troubled local bond market. Investors bid a total of Sh37.9 billion in the issuing round, EABL said, representing an oversubscription of 275 percent. “We issued this medium-term note […]
East African Breweries Limited ( EABL ) said yesterday its Sh11 billion bond was oversubscribed by more than three times signalling renewed investor confidence in the previously troubled local bond market. Investors bid a total of Sh37.9 billion in the issuing round, EABL said, representing an oversubscription of 275 percent. “We issued this medium-term note […]
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