The reserve price for tea set by the government last year helped the value of the beverage to remain relatively high within the last quarter of the year, boosting the earnings of small-scale farmers and multinational firms. Before August last year, the price of tea had dipped to the levels that were last seen a […]
Sanlam Kenya has issued a profit warning for its financial results for the year ended 31 December 2021 NAIROBI, Kenya, Jan 21 – Sanlam Kenya has issued a profit warning for the financial results ended 31 December 2021 attributed to the firm’s approach of increasing premium default and claims from COVID -19 fatalities In a […]
Nairobi — Agricultural firm, Limuru tea has projected a 25 percent decline in its net profits for the year ended 31 December 2021 attributed to lower green leaf volumes compared to 2020. In a notice to shareholders on Saturday, the Nairobi Securities Exchange listed firm attributed the declined profits to rising cost of production amid […]
K enyan avocado producer Kakuzi has issued a "procedural profit warning", predicting a drop in full-year earnings due to lower production and exports of avocados. The notice was issued as per the Capital Markets regulatory requirements and stated that the firm’s earnings would be at least 25 per cent down on the year ended 31 […]
A farmer plucking tea, COURTESY NAIROBI, Kenya, Jan 15 -Agricultural firm, Limuru tea has projected a 25 percent decline in its net profits for the year ended 31 December 2021 attributed to lower green leaf volumes compared to 2020. In a notice to shareholders on Saturday, the Nairobi Securities Exchange listed firm attributed the declined […]
Listed agribusiness firm Kakuzi Plc has issued a procedural profit warning notice with anticipated lower full-year earnings due to lower production and export of avocado fruits. The notice, which has been issued as per the Capital Markets regulatory requirements, confirms that the firm’s earnings will be at least 25% lower than that reported for the […]
Kakuzi attributes decline in earnings to lower global market prices. Agricultural firm Kakuzi expects its earnings for the full year ended December 2021 to fall to levels seen at least six years ago on the back of reduced avocado exports and depressed prices. The Nairobi Securities Exchange -listed firm issued a profit warning yesterday, signalling […]
President Uhuru Kenyatta and Chinese President Xi Jinping after the bilateral talks at the Great Hall of the People in Beijing, China, on April 25, 2019. Yesterday, Kenya and China signed six bilateral agreements in trade, ICT investment, agriculture, and economy that will see the East African country start exporting avocado, fish to the Asian […]
Agricultural companies have the worst corporate governance record among listed companies, a new report by the Capital Markets Authority (CMA) has said. The sector with six firms had the least weighted score with a rating of 55.04 percen, shining a spotlight on their compliance with the code of governance principles that sets principles such as […]
Nairobi — Listed agribusiness firm Kakuzi Plc has issued a procedural profit warning notice with anticipated lower full-year earnings due to lower production and export of avocado fruits. The notice, which has been issued as per the Capital Markets regulatory requirements, confirms that the firm’s earnings will be at least 25% lower than that reported […]
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