Oil marketing in Kenya dates back to colonial times In the 1900s, Royal Dutch Shell established the first depot at Shimanzi, Mombasa county The sector has grown tremendously, with over 70 registered oil marketing companies operating more than 1,800 service stations Oil marketing in Kenya dates back to colonial times in the 1900s when Royal […]
An electronic board displaying market data. The investor relations department’s role revolves around how a company communicates with investors, shareholders, government authorities, and the financial community. PHOTO | FILE | NMG Kenya’s listed firms are yet to embrace the roles of investor relations professionals in the running of their businesses, with latest data showing that […]
Kenya’s listed firms are yet to embrace the roles of investor relations professionals in the running of their businesses, with latest data showing that only 12 firms out of the 66 listed operate the department. These are Equity Bank, Stanbic Bank, Co-operative Bank, Safaricom, Centum, KCB, Kenya Airways, Kenya Electricity Generating Company (Kengen), Britam Holdings […]
An electronic board displaying market data. The investor relations department’s role revolves around how a company communicates with investors, shareholders, government authorities, and the financial community. PHOTO | FILE | NMG Kenya’s listed firms are yet to embrace the roles of investor relations professionals in the running of their businesses, with latest data showing that […]
Investments firm TransCentury Ltd #ticker:TCL (TCL) has made a U-turn on earlier plans to delist from the Nairobi Securities Exchange (NSE) where it is planning a rights issue. The company’s group chief executive Nganga Njiinu said Monday in interview the loss-making company will seek shareholders’ nod to issue 2 billion new shares at five shares […]
RUBiS Energy Kenya has today launched Ultra Tec, its first additivized fuel that is set to revolutionize fuel and engine performance for Kenyan motorists. Ultra Tec has been designed using advanced fuel technology to improve engine cleanliness and performance while reducing emissions for a cleaner Kenya and improving fuel economy to save customers money. Currently, […]
Stanbic owned investment bank SBG Securities posted a 71.3 per cent drop in net profit in the year ended December 2020, due to lower advisory fees and brokerage commissions. The market intermediary reported a net profit of Sh34.98 million in the period, down from Sh121.85 million in 2019. Advisory and consultancy fees, which are earned […]
• This follows the unveiling of seven new rebranded petrol station at Ngong Racecourse, Karen, Matasia, Embakasi, Kimalat, Thika, and Karatina. • Besides fueling and servicing, customers will soon be able to shop and eat at all Rubis, KenolKobil and Gulf Energy subsidiaries. Newly rebranded Ngong Racecourse petrol station./RUBIS Rubis Energy Kenya has reiterated its […]
Newly rebranded Matasia petrol station/RUBIS French energy firm Rubis Energy plans to pump in $900 million (about Sh98.7 billion) in its operations in Kenya over a five year period, as it rebrands KenolKobil and Gulf Energy outlets. The oil firm is investing in the storage, distribution and sale of petroleum and liquefied petroleum gas in […]
The fact that five companies listed on the Nairobi Securities Exchange (NSE) control almost 80 percent of the capital market is a big risk that should be addressed urgently. Safaricom, East Africa Breweries Limited, Equity, Co-operative Bank and BAT Kenya counters see more trading activity in a day than most other stocks attract in months. […]
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