The top loser of the day on Tuesday at the Nairobi Securities Exchange (NSE) was the Standard Group. The company lost 9.84 percent at the price of 22.45 shillings per share. Eveready East Africa was the second top loser with 7.48 percent at the price of 0.99 shillings per share followed by Sanlam Kenya with […]
On Monday, Kakuzi emerged as the top gainer of the day at the Nairobi Securities Exchange (NSE) with 9.76 percent at the price of 360.00 shillings per share. Sasini Tea and Coffee, and Williamson Tea Kenya gained 6.75 and 4.56 percent at the price of 17.40 and 143.25 shillings per share respectively. Eveready East Africa […]
Corporate governance consultant Susan Mudhune has stepped down as an independent director on the board of mobile operator Safaricom after serving for nine years. Mudhune was among top shareholders with directorship positions at Safaricom with 51,200 shares, coming just behind chief financial officer Sateesh Kamath who increased with 100,000 shares. Chief executive Bob Collymore has […]
Kenyan manufacturers are pushing the State to fast-track proposed changes to the law to give more powers to the Anti-Counterfeit Agency (ACA) in the elevated war on counterfeit menace. The Presidency has since May taken leadership in the fight against trade in illicit goods, confiscating contraband goods worth billions of shillings that were later destroyed. […]
Nairobi Securities Exchange CEO Geoff rey Odundo observing daily trading at the bourse on August 22, 2017/ENOS TECHE Capital Markets Authority yesterday suspended Athi River Mining Cement from trading at the Nairobi Securities Exchange after the firm was placed under administration on Friday. A public notice said shares of the cement-maker will remain suspended from […]
A Mombasa-based glass manufacturer is warning that it could be forced to close Kenyan operations under the heavy weight of high production costs coupled with proliferation of cheap imports. Milly Glass Works director Mohamedraza Rashid says the EAC and COMESA agreements have opened doors for cheap products from member states forcing it to review its […]
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