Airtel Uganda is racing against time to list 20 percent of its shares on the Uganda Securities Exchange (USE) before a June 30 deadline, even as players wonder if the market is ready for another initial public offering so soon after MTN Uganda suffered an under-subscription late last year. PHOTO | COURTESY Airtel Uganda is […]
The Capital Markets Authority (CMA) has clarified that listed companies must issue a profit warning beforehand if they expect that their full-year net income will drop by at least 25 percent. The regulator says in a new circular that the notices will be based on the projected earnings after tax, improving on a 2016 directive […]
Equity Group Managing Director and CEO Dr James Mwangi at the Equity Centre in Nairobi on Monday, October 25, 2021. PHOTO | DENNIS ONSONGO | NMG Equity Group has received a licence to operate a life insurance business in Kenya as the company seeks growth and diversification in the financial services industry. The Insurance Regulatory […]
Troubled Kenya Airways #ticker:KQ says it is fast-tracking negotiations to launch common initiatives with South African Airways (SAA) with which it signed a pact last year to establish an African airline by 2023. Kenya Airways chairman Michael Joseph told the Business Daily while the pact is a long-term agreement, both airlines are in talks to […]
East African Breweries Limited (EABL) #ticker:EABL net profit has more than doubled in the six months to December on the back of higher alcohol sales as Covid-19 restrictions eased, and bars re-opened. The brewer’s net earnings jumped 130 percent to Sh8.7 billion from Sh3.79 billion booked in a similar period in 2020. EABL Group chief […]
NAIROBI, Kenya Jan 21-Shareholders’ wealth at the Nairobi Securities Exchange dropped by Sh185.73billion in the fourth quarter of 2021, as the markets still suffered from economic effects of Covid-19, the latest CMA statistical bulletin has revealed. The Capital Market Authority’s Q4 statistical bulletin shows that market capitalization at the Nairobi bourse dropped to Sh2.592 trillion […]
Airtel Uganda is racing against time to list 20 percent of its shares on the Uganda Securities Exchange (USE) before a June 30 deadline, even as players wonder if the market is ready for another initial public offering so soon after MTN Uganda suffered an under-subscription late last year. MTN Uganda’s market value has plunged […]
Jane Karuku, EABL Group chief executive. PHOTO | FILE | NMG East African Breweries Plc (EABL) more than doubled its net profit to Sh8.7 billion in the half-year ended December, helped by increased sales on the reopening of bars and pubs. The company had made a net profit of Sh3.7 billion a year earlier. The […]
Airtel Uganda is racing against time to list 20 percent of its shares on the Uganda Securities Exchange (USE) before a June 30 deadline, even as players wonder if the market is ready for another initial public offering so soon after MTN Uganda suffered an under-subscription late last year. PHOTO | COURTESY Airtel Uganda is […]
Car & General Chief Executive Officer Vijay Gidoomal. [Courtesy] Car & General’s shares have staged one of the biggest short-term rallies in the history of the Nairobi bourse, lifting the wealth of its shareholders by Sh1.69 billion in two weeks. The rally, which started on January 6 – a day after the firm announced the […]
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