Safaricom headquarters on Nairobi’s Waiyaki Way. PHOTO | DIANA NGILA Safaricom’s share price hit a new record Thursday, earning investors Sh78.13 billion in a week and lifting the Nairobi Securities Exchange (NSE) to a 39-month high. The stock closed at a volume-weighted average of Sh43 on the Nairobi bourse Thursday compared to Sh41.05 on Tuesday […]
KEY POINTS The top gainer of the day was BK Group with 8.05 percent at the price of 38.25 shillings per share. It was followed by Britam Holdings with 5.06 percent at the price of 8.30 shillings per share. The top gainer of the day was BK Group with 8.05 percent at the price of […]
The Nairobi Securities Exchange (NSE) 20-Share Index has crossed 2,000 points on the back of a rally in banks and Safaricom stocks, marking the first time in 14 months that the index has crossed the key level. The benchmark Index hit 2,000.76 points on Wednesday and rose further to close yesterday at 2,020.37 points. Sixteen […]
Mumias sugarcane farmers protest at Ekero area where were urging an investor who was in plans to revive Mumias Sugar Factory to continue with the plans but involve them as stake holders. A farmers’ lobby group has moved to court to challenge the intended lease of Mumias Sugar Company Limited . Gikwamba Farmers’ Cooperative Society […]
Safaricom, which started its operations in 2000, has grown from a subscriber base of 26,000 people in 2001 to about 40 million subscribers currently. PHOTO | FILE | NMG Kenyan companies dominated East African and Mauritius most valuable brands in the three months to June 30, with Safaricom being the highest prized brand in the […]
Auctioneers hammer. PHOTO | FILE East Africa Portland Cement Company has surrendered to KCB Bank a parcel of land that was used to secure a Sh3.3 billion loan from the lender as it seeks to stop a looming auction. The cash-strapped cement company has been struggling to find a buyer for 2,076 acres of land […]
Safaricom Chief Executive Officer Peter Ndegwa. [Wilberforce Okwiri,Standard] Mobile phone operator Safaricom is indisputably the most profitable company in Eastern and Central Africa. No company comes close to the telco, which recently made an incursion into Ethiopia after Addis Ababa liberalised its telecommunications sector. Yet, Safaricom’s dominance does not end in the goods and services […]
The Covid-19 pandemic that crippled the markets and devastated economies for the better part of last year barely touched the perks of Kenya’s top executives. A compilation of data from the country’s 17 most valuable companies by Financial Standard shows that the CEOs collectively pocketed Sh1.84 billion in perks last year even as the pandemic […]
Dar es Salaam Stock Exchange (DSE) has posted a mixed movement where domestic and crosslisted stocks split between green and red. Tanzania Share Index (TSI) gained by 0.26 point following a 0.007per cent gain on the domestic market capitalisation. The TSI and domestic market cap closed the week at 3,640.38 points and 9.588tri/- respectively for […]
KCB Group #ticker:KCB doubled its net profit for the half-year to June on increased income from a balance sheet that crossed the Sh1 trillion mark for the first time. The Nairobi Securities Exchange-listed firm reported net earnings of Sh15.3 billion for the six months, up 102 percent from Sh7.58 billion earned in a similar period […]
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