NAIROBI, Kenya Feb 25-Unga Group PLC has issued a profit warning for the first six months of the year ended December 31 2021 forecasting a 25 per cent dip in profits compared to the prior year. The Nairobi Securities Exchange-listed company said its half-year profit is likely to drop on the back of increased costs […]
Top Gainer The top gainer of the day at the Nairobi Securities Exchange was Uchumi Supermarket with 10.10 percent at the price of 0.22 shillings per share followed by Sasini with 7.43 percent at the price of 21.70 shillings per share. Umeme and Kakuzi gained 6.21 and 5.73 percent at the price of 6.50 and […]
KEY POINTS Equity Group was the second top mover with 997,600 shares and a market capitalization of 198.12 billion shillings while Kenya Electricity Generating Company moved 898,200 shares, a market capitalization of 26.25 billion shillings. Top Movers Safaricom PLC was the only brand at the Nairobi Securities Exchange (NSE) on Friday that ended the week […]
Kenyan billionaire investor John Kibunga Kimani. In 2018, Billionaire investor at the Nairobi Stock Exchange (NSE), John Kibunga Kimani, set up a foundation valued at Ksh93 million to give back to Kakuzi squatters, a society he spent his childhood in. At the time, Kibunga explained that he wanted to empower the community and dedicated his […]
Guests follow proceedings during the launch of a pension product by an insurance firm in Nairobi. FILE PHOTO | NMG Liberty Kenya Holdings has issued a profit warning for the year ended December 2021, citing the impact of the Covid-19 pandemic. The Nairobi Securities Exchange-listed firm said its profit for the year is likely to […]
Growers and exporters dealing in the avocado export business face an indefinite ban on the export of Hass and Fuerta varieties. Kenya Agriculture and Food Authority director Benjamin Tito noted that the ban, which took effect on November 15, 2021, is aimed at curbing the harvest and export of immature avocados . The ban however […]
Sanlam Plc has joined the list of Nairobi Securities Exchange-listed firms issuing profit warnings for the year ended December 31, 2021. In a statement, the firm’s board said the continued effects of the Covid-19 pandemic have had negative effects on the corporate and retail segments of its businesses. "We wish to report that our projected […]
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 […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.
We would like to show you notifications for the latest news and updates.