Telecommunication firms Safaricom #ticker:SCOM and Airtel are among the most loved brands by women in Kenya, a new survey shows. The survey by IPSOS, which interviewed 13 million women from across the country, places Safaricom’s M-Pesa at number two indicating how the money transfer platform has become entrenched in the country. The study placed Equity […]
Tag: XNAI_NSE
Centum taps insider as new head of Real Estate arm as ex-boss quits
Centum Real Estate Limited’s new managing director Kenneth Mbae. FILE PHOTO | NMG Centum Real Estate Limited has appointed Kenneth Mbae as its new managing director effective 17 March 2022. Mr Mbae, an insider at the investment company Centum, takes over the role from Samuel Kariuki, who "has resigned to pursue other interests" the firm […]
KCB Group courts DRC bank in expansion plan
KCB Group Chief Executive Officer Joshua Oigara. PHOTO | COURTESY The deal, the bank said, will push the regional lender’s assets towards the Ksh1.5 trillion ($13.15 billion) mark in the next financial year. Chief executive Joshua Oigara told The EastAfrican that negotiations for a potential buyout are at an advanced stage and the deal should […]
Bottoms up! KBL toasts to turning 100… and more
KBL Managing Director John Musunga and EABL Group CEO Jane Karuku during the launch of EABL’s centenary celebrations at the Carnivore Grounds, Nairobi. [Elvis Ogina, Standard] A century ago, the first factory-produced beer in Kenya and bottled by hand was rolled out into the market. The factory was the brainchild of the Hurst brothers – […]
Kenya Airways shareholders’ long wait for soft landing
Kenya Airways planes at Jomo Kenyatta International Airport (JKIA), Nairobi [Boniface Okendo, Standard] The classic investment philosophy is to invest in companies that are beaten down but with the hope that they will bounce back. That was the thinking of investors who between March 25, 1996 and April 1996 agreed to buy into Kenya Airways […]
Kenya Airways shareholders’ long wait for soft landing
Kenya Airways planes at Jomo Kenyatta International Airport (JKIA), Nairobi [Boniface Okendo, Standard] The classic investment philosophy is to invest in companies that are beaten down but with the hope that they will bounce back. That was the thinking of investors who between March 25, 1996 and April 1996 agreed to buy into Kenya Airways […]
Constructors shelve plans on rising price of building materials
Ongoing construction of the Pangani Affordable Housing Programme on January 21, 20222 The rising cost of building materials in Kenya has pushed construction costs by an average of Sh3,000 per square metre, forcing constructors to hold ongoing projects. The rising cost has been attributed to a disruption in the global market on the ongoing Russia/Ukraine […]
Carbacid earnings rise 71pc on higher sales
Carbacid Investments #ticker:CARB posted a 71.4 percent rise in net profit in the half-year ended January on increased sales of carbon dioxide in the regional market. The Nairobi Securities Exchange-listed firm made a net income of Sh360.7 million in the period compared to Sh210.4 million the previous year. Sales increased 56 percent to Sh701.6 million […]
Kakuzi packhouse and orchards bag China Export approval seal from KEPHIS
Kenyan integrated agro-business firm Kakuzi PLC has become one of the first local entities to secure approval from the Kenya Plant Health Inspectorate Service (KEPHIS), to process and prepare export-grade fresh avocados for the Chinese market. The firm has secured its KEPHIS approval following a stringent phytosanitary audit for its extensive Kakuzi farms and packhouse. […]
KCB Group courts DRC bank in expansion plan
KCB Group Chief Executive Officer Joshua Oigara. PHOTO | COURTESY The deal, the bank said, will push the regional lender’s assets towards the Ksh1.5 trillion ($13.15 billion) mark in the next financial year. Chief executive Joshua Oigara told The EastAfrican that negotiations for a potential buyout are at an advanced stage and the deal should […]