PwC executive Muniu Thoithi. PHOTO | SALATON NJAU | NMG PricewaterhouseCoopers (PwC) now controls nearly a third of audits of the Nairobi bourse firms, in latest rotations of auditors that looks set to take its fees above Sh398 million. The audit firm has won three additional clients— KCB Group , HF Group and CIC Insurance […]
(Alliance News) – Kenyan agriculture firm Kakuzi Ltd on Wednesday reported a first-half revenue hike, though rising costs hurt profit. Sales in the six months to June 30 climbed 44% year-on-year to KES889.9 million, about GBP6.2 million, from KES619.5 million. Pretax profit was 43% lower however, at KES204.1 million from KES355.1 million a year earlier. […]
The Nairobi Securities Exchange-listed firm is already incurring costs of defending itself in the UK legal system. FILE PHOTO | NMG Agricultural firm Kakuzi has been sued in the United Kingdom for alleged human rights abuses, exposing the company to the risk of hefty fines and reparations to the victims. The Nairobi Securities Exchange-listed firm […]
When Nicholas Nganga ( pictured ) was named Safaricom’s board chairman in January 2007 as Wilson Ndolo Ayah’s successor, the company was at its infancy. The number of mobile subscribers on the network stood at 6.08 million at the time with total revenues at Sh47.4 billion and after-tax profit at Sh12 billion. It was however […]
When Nicholas Nganga ( pictured ) was named Safaricom’s board chairman in January 2007 as Wilson Ndolo Ayah’s successor, the company was at its infancy. The number of mobile subscribers on the network stood at 6.08 million at the time with total revenues at Sh47.4 billion and after-tax profit at Sh12 billion. It was however […]
Safaricom CEO Michael Joseph speaks at Railways Club, Nairobi on March 12, 2020 Former Safaricom CEO Michael Joseph was on Thursday, July 30, appointed the chairperson of the Safaricom PLC Board. He will take over after the retirement of Nicholas Ng’ang’a who has held the position for 16 years. Announcing the appointment, Safaricom Chief Executive […]
Safaricom outgoing chairman Nicholas Ng’ang’a. PHOTO | JEFF ANGOTE | NMG Whenever up and about in public places, Nicholas Ng’ang’a on many occasions goes unnoticed. And he loves it that way; a quiet and simplistic lifestyle. As such his face may not be the most easily recognisable to many despite his rich legacy both in […]
On Monday, Kakuzi emerged as the top gainer of the day at the Nairobi Securities Exchange (NSE) with 9.76 percent at the price of 360.00 shillings per share. Sasini Tea and Coffee, and Williamson Tea Kenya gained 6.75 and 4.56 percent at the price of 17.40 and 143.25 shillings per share respectively. Eveready East Africa […]
On Monday, Kakuzi emerged as the top gainer of the day at the Nairobi Securities Exchange (NSE) with 9.76 percent at the price of 360.00 shillings per share. Sasini Tea and Coffee, and Williamson Tea Kenya gained 6.75 and 4.56 percent at the price of 17.40 and 143.25 shillings per share respectively. Eveready East Africa […]
Covid-19 has presented unprecedented times, with companies adopting unique measures to deal with health guidelines that restrict most meetings and mass gatherings. Companies can now stream AGMs from their office boardrooms, without having to rent out large halls at hotels or conference venues. The era of virtual meetings is now officially open. Wednesday, May 27, […]
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