Marketing and communication firm WPP Scangroup has appointed Patricia Ithau as the chief executive officer. She takes over from Bharat Thakrar who resigned in March last year to pave the wave for investigations into his alleged misconduct. The Nairobi Securities Exchange-listed firm, however, closed the case against Thakrar and former chief finance officer Satyabrata Das […]
The benchmark composite index close the period at 2,766.80 Despite an uptick in activity, the Ghana Stock Exchange (GSE) saw volume and value of shares traded dip 64.98 percent and 45.09 percent respectively on a year-on-year (YoY) basis in January, according to data from the Accra bourse. This comes as aggressive profit-taking anchored on the […]
There has been a drop in foreign investors at the Nairobi Securities Exchange as more capital shifted abroad. PHOTO | FILE The declaration led to a decrease in foreign investor participation by 13.66 percent, and a subsequent net outflow of $37 million, accounting for 42.16 percent of total net foreign outflows in 2021. In the […]
Nairobi Securities Exchange (NSE) on the trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG Foreign investors at the Nairobi Securities Exchange (NSE) slowed down their selling activity in January compared to the previous four months which were characterised by profit-taking on blue chip stocks. NSE […]
Equity Group has been named the fifth strongest banking brand in the world, according to the Brand Finance Banking 500 2022 annual report. The Group is the only new entrant among the top ten leading banking brands and has entered the arena with a Brand Strength Index (BSI) of 90.8 compared to the strongest banking […]
Climate activists at the COP26 last year. PHOTO | AFP East African banks are under pressure from financial regulators to integrate environmental, social and governance (ESG) issues in their operations. At a virtual seminar convened by audit firm KPMG, participants agreed ESG is swiftly shifting from a moral responsibility to a mandatory legal requirement. “ESG […]
Uchumi Supermarkets branch in Nairobi. FILE PHOTO | NMG The Capital Markets Authority (CMA) has been allowed to investigate audit firm Ernst & Young (E&Y) over claims that it helped cook Uchumi Supermarkets’ books, covering up transactions that left the retailer on its death bed. The Court of Appeal ruled that the regulator was free […]
The decline of big names such as Uchumi, Kenya Airways, East African Cables, East African Portland Cement and Mumias Sugar was the first sign of struggle in corporate Kenya. [File, Standard] An increase in the number of financially crippled corporates is the new headache for banks, with some lenders in court battles to recover billions […]
Supermarket chain Naivas will open two branches at Nairobi’s Greenspan Mall and Imara Shopping Mall in the next two weeks as it steps up its expansion in the country. The establishment of the outlet at Greenspan Mall, which is owned by Nairobi Securities Exchange #ticker:NSE -listed property investor ILAM Fahari I-Reit #ticker:FAHR , had been […]
Rakesh Rao has been at the corner office of Kenya’s biggest paint maker for 17 years now. This now makes him one of the longest-serving chief executives of a firm listed at the Nairobi Securities Exchange #ticker:NSE . But for him, this is still not long enough to call it a day. Mr Rao spoke […]
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