Eaagads was the top gainer of the day on Thursday at the Nairobi Securities Exchange (NSE) with 10.00 percent at the price of 9.90 shillings per share, followed by Trans-Century with 9.32 percent at the price of 1.76 shillings per share. I & M Holdings, the East African Cables, and Uchumi Supermarket gained 3.87, 3.17, […]
Tag: XNAI_CABL
Eaagads Ends Thursday As Top Gainer At The NSE
Eaagads was the top gainer of the day on Thursday at the Nairobi Securities Exchange (NSE) with 10.00 percent at the price of 9.90 shillings per share, followed by Trans-Century with 9.32 percent at the price of 1.76 shillings per share. I & M Holdings, the East African Cables, and Uchumi Supermarket gained 3.87, 3.17, […]
Ailing Uchumi Tops The NSE On Wednesday, Express Tails
Uchumi Supermarket was the top gainer of the day on Wednesday at the Nairobi Securities Exchange (NSE) with 3.13 percent at the price of 0.33 shillings per share followed by Total Kenya with 2.04 percent at the price of 25 shillings per share. East African Breweries was the third gainer of the day with 1.76 […]
Here Are The Top 5 Gainers, Losers and Movers At The NSE, Tuesday
The top five gainers at the Nairobi Securities Exchange (NSE) on Tuesday were WPP ScanGroup, Sameer Africa, Olympia Capital, TPS Eastern Africa (Serena), and HF Group. WPP ScanGroup gained 26.29 percent at the price of 22.10 shillings per share followed by Sameer Africa with 9.51 percent at the price of 3.80 shillings per share. Olympia […]
SBM Bank withdraws petition to wind up EA cables
EA Cables has been struggling to pay creditors, including banks. FILE PHOTO | NMG SBM Bank (Kenya) Limited has withdrawn a petition to liquidate East African Cables #ticker:CABL after the two reached a debt settlement and restructure agreement. SBM Bank in January this year filed a petition to liquidate the loss making company after it […]
CMA allows Crown Paints to extend time for releasing 2019’s financial statement
The firm will spend Sh100mn in expansion/CFM NAIROBI, Kenya, June 6 – Paint and coating solutions company Crown Paints has received an approval by Capital Markets Authority to extend time to file its audited financial statements for the year ended December 31 2019. The listed paint maker in a statement said it missed the May […]
East Africa: Cash-Strapped EA Cables to Delay Publishing Its 2019 Financial Results
Nairobi — Debt-ridden East African Cables has announced that there will be a delay in the publishing of the audited financial statement for the year ending December 31, 2019. In a statement, the Group’s Company Secretary Virginia Ndunge said the firm has already obtained approval from the Capital Markets Authority granting it the extension. Ndunge […]
East African Cables Finally Restructures U.S.$2.85 Million Debt
East African Cables has reached an agreement with the State Bank of Mauritius (SBM) over the restructuring of Ksh285 million ($2.85 million) debt that is due and payment on demand, giving the company a lifeline in its recovery efforts. The agreement means the lender withdraws a liquidation petition against the firm, a Nairobi Securities Exchange-listed […]
East African Cables, SBM agree on $2.85m debt restructuring
In January 2020, the media reported a court petition by the State Bank of Mauritius (SBM) to liquidate the East African Cables over a $2.85 million (Ksh285 million) debt. However, the two parties have reached an agreement , recently, on the restructuring of the $2.85 million (Ksh285 million) debt that is due and payable on […]
Companies delay to publish results
CEO Kenyatta National Hospital (KNH) Evans Kamuria (left) receiving a key to the mobile clinic from Transcentury CEO Nganga Njiru at KNH grounds, the clinic will be used for Covid-19 Mass Testing in Nairobi. May 26, 2020. [Jonah Onyango, Standard] Business TransCentury, East African Cables and Crown Paints are the listed firms that have sought […]