Chief executive officers for five Tanzanian companies that have been ranked as most valuable ones by South Africa-based African Business. They are (from top left): TBL Plc managing director Philip Redman, TCC’s Michal Bachan, NMB Bank Plc’s Ruth Zaipuna, Vodacom’s Hisham Hendi and Alfonso Velez from Tanzania Portland Cement. PHOTOS | FILES Dar es Salaam. […]
Tag: XNAI_EQTY
NY firm adds Co-op, BAT to top stocks list
The Nairobi Securities Exchange. Inclusion means their shares have greater visibility among foreign investors. PHOTO | FILE | NATION MEDIA GROUP Co-operative Bank and British American Tobacco have been added to the MSCI Frontier Markets Index, which tracks performance of blue-chip stocks in the country. They join Safaricom, Equity Bank and Kenya Breweries Limited, which […]
Equity restructures Sh92bn loans in Covid-19 soft landing
Equity Bank CEO James Mwangi. PHOTO | FILE | NATION MEDIA GROUP Equity has restructured Sh92 billion loans, equivalent to about 25 per cent of its net loans at the end of last year, as the lender seeks to cushion customers who have been hit by the coronavirus crisis. The relief, which is being determined […]
Tanzanian Companies Make It to 100 Most Valuable Firms
Dar es Salaam — Tanzania has produced two companies on the list of Africa’s 100 most valuable firms. South Africa-based African Business disclosed in a ranking of the continent’s top 250 firms that TBL Plc and Vodacom Tanzania Plc are the two most valuable firms in the country. At the continental level, TBL Plc has […]
Safaricom now Africa’s tenth most valuable firm
People walk past a Safaricom shop in Nairobi. FILE PHOTO | NMG Safaricom has been ranked the 10th most valuable firm on the continent in a ranking dominated by South African companies. South Africa-based African Business disclosed in a ranking of the continent’s top 250 firms that Safaricom had climbed from position 14 last year. […]
Safaricom Now Among the Top Ten Most Valuable Firms in Africa
Safaricom has been ranked the tenth most valuable firm in Africa valued at $9.96 billion (Ksh1.06 trillion), climbing from position 14 last year. The ranking by South African magazine African Business had only four Kenyan companies rank in the top 100, including Equity Bank, East Africa Breweries Ltd (EABL) and Kenya Commercial Bank (KCB) alongside […]
KCB, Equity and Co-op bank ratings downgraded
•The three are Kenya’s largest banks by asset base. •Majority of commercial lenders in the country have been leveraging on lending to government and disbursing digital loans to grow their non-funded income. Kenya’s new bank notes. KCB, Equity and Coop Bank have been downgraded to a B2 rating due to their large investments in government […]
Safaricom now Africa’s tenth most valuable firm
People walk past a Safaricom shop in Nairobi. FILE PHOTO | NMG Safaricom has been ranked the 10th most valuable firm on the continent in a ranking dominated by South African companies. South Africa-based African Business disclosed in a ranking of the continent’s top 250 firms that Safaricom had climbed from position 14 last year. […]
Listed companies set aside Shs265b to pay dividends
Wait a little longer: Although companies have set aside Shs265.5b to pay dividends, shareholders will have to wait a little longer for them to access the money. FILE PHOTO Six out of the nine locally listed companies have indicated they will give a combined sum of Shs265.5b in dividends for the period ended December 31, […]
Uganda: Listed Companies Set Aside Shs265b to Pay Dividends
Six out of the nine locally listed companies have indicated they will give a combined sum of Shs265.5b in dividends for the period ended December 31, 2019. The Shs265.5b is an improvement from the Shs200.4b that was paid out to shareholders for the period ended December 31, 2018. The six companies including Bank of Baroda, […]