The Co-operative Bank of Kenya has become the sixth lender to issue a profit warning on expected 2020 earnings. In a notice to shareholders on Friday, the bank attributed the expected collapse in earnings to economic disruptions arising from the COVID-19 pandemic. The volatile operating environment has seen the lender raise its loan-loss coverage in […]
The developers of Village Market and Tribe Hotel have threatened to start liquidation proceedings against Nairobi Business Ventures (NBV) over a Sh5.2 million debt. In a 21-day statutory demand notice, Greenhills Investments said the sum included rent and interest owed up to November 19 this year. NBV started out as a leather products retail chain […]
The developers of Village Market and Tribe Hotel have threatened to start liquidation proceedings against Nairobi Business Ventures (NBV) over a Sh5.2 million debt. In a 21-day statutory demand notice, Greenhills Investments said the sum included rent and interest owed up to November 19 this year. NBV started out as a leather products retail chain […]
A display of listed equities at the NSE. PHOTO | CITIZEN DIGITAL The Nairobi Securities Exchange (NSE) will be hoping for a lift in 2021 with trading resuming for the New Year on Monday. Among key remedial measures sought will be the lure of foreign investors whose exodus in 2020 caved a hole in the […]
A display of listed equities at the NSE. PHOTO | CITIZEN DIGITAL The Nairobi Securities Exchange (NSE) will be hoping for a lift in 2021 with trading resuming for the New Year on Monday. Among key remedial measures sought will be the lure of foreign investors whose exodus in 2020 caved a hole in the […]
Homeboyz Entertainment PLC has today listed on the Nairobi Securities Exchange (NSE) under the Growth Enterprise Market Segment (GEMS) following approvals from the regulator. Under the listing, Homeboyz will list 63.2 Million shares at a price of Ksh 4.60 per share under the ticker HBE. AIB-AXYS are the transaction advisors (formerly AIB Capital). Prior to […]
At least 14 companies have issued profit warnings this year, with most blaming the economic fallout from the Covid-19 pandemic for their weaker earnings. Britam Holdings , Absa Bank Kenya , East African Breweries Limited ( EABL ), Kenya Power , East African Cables , Kenya Orchards , Longhorn Publishers , Nairobi Business Ventures , […]
At least 14 companies have issued profit warnings this year, with most blaming the economic fallout from the Covid-19 pandemic for their weaker earnings. Britam Holdings , Absa Bank Kenya , East African Breweries Limited ( EABL ), Kenya Power , East African Cables , Kenya Orchards , Longhorn Publishers , Nairobi Business Ventures , […]
At least 14 companies have issued profit warnings this year, with most blaming the economic fallout from the Covid-19 pandemic for their weaker earnings. FILE PHOTO | NMG At least 14 companies have issued profit warnings this year, with most blaming the economic fallout from the Covid-19 pandemic for their weaker earnings. Britam Holdings , […]
The Nairobi Business Ventures #ticker:NBV (NBV) share is the biggest gainer this year at the Nairobi Securities Exchange #ticker:NSE, boosted by a big rally earlier this month following the Sh83 million takeover of the firm by Dubai-based Delta International FZE. Media, manufacturing and banking stocks on the other hand have been the worst hit by […]
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