The Capital Markets Authority (CMA) has barred listed firms with negative equity from rolling out share buybacks, locking out cash-strapped companies from the process largely applied to correct perceived undervaluation of stock. The regulator has ruled that directors of the companies which intend to repurchase stock from the market should ensure “assets … are equal […]
The Capital Markets Authority (CMA) has barred listed firms with negative equity from rolling out share buybacks, locking out cash-strapped companies from the process largely applied to correct perceived undervaluation of stock. The regulator has ruled that directors of the companies which intend to repurchase stock from the market should ensure “assets … are equal […]
In western Kenyan villages, children are traditionally given chicken legs or wings, sometimes even soup as they fall behind the line in the pecking order of the family meal. The best they can do is steal eggs and eat them but that comes with nasty consequences. Small suppliers have always ended up with the shorter […]
Pullouts, shutdowns and divestments are almost becoming the new norm for retail chains across Africa, most especially in the eastern part of the continent . The latest in the fold is Deacons East Africa, a fashion brand that has operated in East Africa for up to 60 years. Possible Liquidation The fashion and clothing retailer […]
NAIROBI, Kenya, Sept 14- Fashion and clothing retailer Deacons East Africa Limited is set to shut down its operations in East Africa. This comes even as the NSE listed firm announced the sale of its business and assets after 60 years in the fashion and clothing industry as a result of failure to raise Sh450 […]
Investors at the Nairobi Securities Exchange (NSE) will have to wait longer to know the fate of their funds locked in firms suspended from trading. According to the Capital Markets Authority’s (CMA) quarterly report for the three months ending June this year, a total of six companies out of the 64 listed ones remain suspended […]
Investors at the Nairobi Securities Exchange (NSE) will have to wait longer to know the fate of their funds locked in firms suspended from trading. According to the Capital Markets Authority’s (CMA) quarterly report for the three months ending June this year, a total of six companies out of the 64 listed ones remain suspended […]
Investors at the Nairobi Securities Exchange (NSE) will have to wait longer to know the fate of their funds locked in firms suspended from trading. According to the Capital Markets Authority’s (CMA) quarterly report for the three months ending June this year, a total of six companies out of the 64 listed ones remain suspended […]
Nairobi — Automobile and logistics firm Bwala Africa has secured Sh10 million financing from Stanbic Bank to venture into last mile logistics. Bwala Africa Group, a last mile logistics marketplace launched early this year to solve challenges facing fleet owners on a daily basis has recorded over 6000 deliveries in Nairobi and secured debt financing […]
Automobile and logistics firm Bwala Africa has secured Sh10 million ($99,255.58) financing from Stanbic Bank to venture into last mile logistics. Bwala Africa Group, a last mile logistics marketplace was launched early this year to solve challenges facing fleet owners on a daily basis has recorded over 6000 + deliveries in Nairobi and secured debt […]
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