Kenyan female CEOs: Dr Jennifer Riria, Rebecca Miano, Kendi Ntwiga and Nasim Devji. Here’s a list of 10 Kenyan companies led by female CEOs in 2022. Leading the pack is the 1946-founded Kenyan bank, DTB Kenya. The bank’s current CEO is Nasim Devji. Devji serves as a Managing Director and the Group CEO at the […]
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Unga Group issues profit warning on increased cost of raw materials
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 […]
Liberty issues profit warning on higher Covid-linked claims
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 […]
Sanlam joins Kakuzi and Limuru Tea in profit warning alerts
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 […]
Sanlam Kenya issues profit warning for FY2021
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 […]
Kenya: Limuru Tea Projects 25% Decline in Fy2021 Net Profits
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 […]
Limuru tea projects 25pc decline in FY2021 net profits
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 […]
Agro firms trail banks in good governance ratings
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 […]
Kenyan women in boards exceed global average – report
Women in corporate boards in Kenya have exceeded the global average as the country inches towards gender inclusivity, a new report shows. According to the 2021 Board Diversity and Inclusion report, women in corporate boards in Kenya stand at 36 per cent compared to a 23 per cent global average. The report also noted that […]
Kenyan women in boards exceed global average – report
Women in corporate boards in Kenya have exceeded the global average as the country inches towards gender inclusivity, a new report shows. According to the 2021 Board Diversity and Inclusion report, women in corporate boards in Kenya stand at 36 per cent compared to a 23 per cent global average. The report also noted that […]