Sameer Africa Managing Director Peter Gitonga, during an interview on February 12, 2021. Faced with the option of selling the trademark of the iconic Yana tyre brand, Sameer Africa opted for a comeback. The tyre business, which the listed firm exited less than a year ago, is estimated to have led to losses of Sh1 […]
In a public announcement issued on Monday, the company says the decision to make the U-turn has been occasioned by sustained demand for its principal brand of tyres- Yana. On April 20 last year, Sameer Africa announced its exit from the tyre business sighting continued challenges in the trade in a move that cut out […]
Yana Tyre Centre in Nairobi. Sameer Africa has returned to the tyre manufacturing business, barely a year after a dramatic exit from the loss-making venture. The company will now be involved in contract manufacturing, import and distribution of tyres. The listed firm owned by billionaire businessman Naushad Merali had also shifted focus to its property […]
NAIROBI, KENYA: Sameer Africa has revised the earlier decision to quit tyre manufacturing business in Kenya. In a Monday communication, the company Board said demand for its tyre brand ‘Yana’ in the local market has necessitated the decision to reopen the tyre arm. The Board of Directors of the Company meeting late last month approved […]
NAIROBI, KENYA: Sameer Africa has revised the earlier decision to quit tyre manufacturing business in Kenya. In a Monday communication, the company Board said demand for its tyre brand ‘Yana’ in the local market has necessitated the decision to reopen the tyre arm. The Board of Directors of the Company meeting late last month approved […]
Yana Tyre Centre in Nairobi. Sameer Africa has returned to the tyre manufacturing business, barely a year after a dramatic exit from the loss-making venture. The company will now be involved in contract manufacturing, import and distribution of tyres. The listed firm owned by billionaire businessman Naushad Merali had also shifted focus to its property […]
KEY POINTS Safaricom is still leading the table of top mover selling 10.44 million shares today followed by Equity Group and KCB Group with 5.80 and 3.50 million shares respectively. Olympia Capital was the top gainer of the day on February 2, 2021, at the NSE with 9.09 percent at the price of 2.40 shillings […]
The top mover of the day was BK Group after selling 9 million shares with a market capitalization of 16.56 billion shillings followed by Safaricom PLC with 3.44 million shares with a market capitalization of 1.46 trillion shillings. Equity Group and KCB Group sold 2.01 and 1.35 million shares respectively with a market capitalization of […]
The top mover of the day was BK Group after selling 9 million shares with a market capitalization of 16.56 billion shillings followed by Safaricom PLC with 3.44 million shares with a market capitalization of 1.46 trillion shillings. Equity Group and KCB Group sold 2.01 and 1.35 million shares respectively with a market capitalization of […]
On Wednesday, the markets closed with Sanlam Kenya emerging as the top gainer of the day with 8.33 percent at a price of 13.00 shillings per share. The second top gainer of the day was BK Group with 7.89 percent at the price of 20.50 shillings per share followed by HK Group with a gain […]
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