Nairobi — 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 […]
Tag: XNAI_NSE
Naivas to open stores at Greenspan, Imara malls
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 […]
Pension returns up 5pc on stocks gains
Zamara Group Group Chief Executive Officer Sundeep Raichura speaks at Panafric Hotel in Nairobi on October 18, 2018, during the Kenya Pension Fund Investment Consortium. PHOTO | SALATON NJAU | NMG Pension fund returns rose by five percentage points in 2021 on improved performance of equities and offshore investments, signalling higher interest earnings for savers. […]
Foreign investor share sales drop in January
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 […]
Pension returns up 5pc on stocks gains
Zamara Group Group Chief Executive Officer Sundeep Raichura speaks at Panafric Hotel in Nairobi on October 18, 2018, during the Kenya Pension Fund Investment Consortium. PHOTO | SALATON NJAU | NMG Pension fund returns rose by five percentage points in 2021 on improved performance of equities and offshore investments, signalling higher interest earnings for savers. […]
Sasini sheds 2,000 jobs in five years on mechanisation
Silas Njibwakale, the Managing Director of Kipkebe Ltd, a subsidiary of Sasini demonstrates how tea is plucked at one of the company’s tea estates. Agricultural firm Sasini has shed 2,182 jobs in the last five years on the back of mechanisation of its tea harvesting process, which has eliminated tea pickers. The latest disclosures show […]
Kenya Mortgage Refinance starts selling first bond to boost home ownership
Kenya’s first mortgage refinancing company is selling a 10.5 billion shilling ($93 million) medium term note, whose proceeds will be lent out to commercial banks to increase affordable home ownership, the company said on Friday. President Uhuru Kenyatta pledged to boost housing ownership levels upon re-election in 2017. He set a goal of providing 500,000 […]
KMRC to float Sh10.5bn bond to lower mortgage rate
National Housing Cooperation houses in Kilimani, Nairobi /JACK OWUOR Kenya Mortgage Refinance Company (KMRC) can now float Sh10.5 billion Medium-Term Note after clearance by the Capital Markets Authority’s (CMA). The state-owned mortgage financier plans to issue the private bond in several tranches, starting with one for Sh1.4 billion which will be disbursed to participating primary […]
Kenya: The Draft ESG Disclosure Manual And ESG Reporting In Kenya
Introduction Background of ESG in Kenya As we move towards a holistic approach to evaluating companies’ performance, the environmental, social and governance (ESG) indicator has now been universally accepted as a valuable metric at gauging the non-financial performance of a company. There has been a global shift towards incorporating sustainability practices in business activities. This […]
I&M Bank set to complete paying for Ugandan unit in July
I&M brank in Kenya. PHOTO | FILE | NMG The Nairobi Securities Exchange-listed firm made the acquisition in April last year but the payments to the shareholders have been staggered to take into account other pending asset and valuation matters. I&M had initially estimated to spend $31.6 million in the buyout but the amount had […]