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 […]
Tuesday, November 3, 2020: The top gainer of the day was Olympia Capital with 9.74 percent at the price of 2.14 shillings per share followed by Eveready East Africa with 7.07 percent at the price of 1.06 shillings per share. The East African Cables and Bamburi Cement gained 6.04 and 5.26 percent at the price […]
Delta International FZE, the owner of multiple businesses including Shreeji Chemicals, is set to enter Kenya’s highly competitive cement business. Ahead of the construction of a cement plant, the company is spending Sh83 million to acquire an 84 percent stake in Nairobi Securities Exchange-listed Nairobi Business Ventures (NBV) whose shoe retailing business has collapsed. This […]
The share prices of companies linked to construction and real estate have been in the red over the past year due to slowdown in the sector’s activity in an economy that has shed jobs and seen stagnant wage growth. Bamburi Cement #ticker:BAMB share has declined by 55 percent to trade at Sh59 in the past […]
Dividends paid out to multinationals for their controlling stakes in Nairobi Securities Exchange-listed firms are set to drop by 21 percent this year as a few blue-chips reduced their payouts by significant amounts. Multinational firms including Vodacom Group, Diageo Plc, WPP Plc and BAT Plc have received or are set to get a total of […]
Foreign investors withdrew Sh11.2 billion from the Nairobi Securities Exchange #ticker:NSE (NSE) in February and March, leading to a sharp fall in the value of blue chip stocks like Safaricom and Equity Bank Group. The foreigners, who make up about 70 percent of daily trading at the NSE, turned into net sellers in the two […]
Kenya’s cement exports to East African markets suffered a 67.9 percent slump in the first nine months of 2019, largely blamed on increased production capacity in the region amid a general economic slowdown. Data from the Kenya National Bureau of Statistics (KNBS) shows that Kenyan cement makers sold 41,349 metric tonnes raking in Sh475.2 million […]
Isuzu East Africa chief executive Rita Kavashe. FILE PHOTO | NMG The board of the British American Tobacco (BAT) has appointed Isuzu East Africa chief executive Rita Kavashe as the new chairperson to replace George Maina who has served as director and chairperson of the company for nine years. In a public notice Tuesday, the […]
Loaders place finished cement onto the track at the Athi River Bamburi Cement yest. 24 June 09. Jack Owuor Bamburi Cement Plc almost doubled its net profit for the half year ended June 30 despite tough operating environment in the second quarter. According to financial results for the period under review, the listed cement maker’s […]
The High Court in Nairobi has thrown out a Sh600 million claim filed by a contractor against Bamburi Cement ( above ) in a row over material used in putting up a building. At the heart of the case was a six-storied apartment named Show Case Flats Serviced Apartments, situated along Kirichwa Road in Nairobi […]
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