6449624 28.01.2021 A trader reflects in a display as he works at home, in Moscow, Russia. Vladimir Pesnya / Sputnik (Photo by Vladimir Pesnya / Sputnik / Sputnik via AFP) NAIROBI, Kenya, March 8 – Many traders or intending participants in the international financial market confuse the forex market and stock market for the same […]
Tag: XNAI_NSE
KCB to lend Sh5bn in first big green loan financing
KCB Bank #ticker:KCB will extend Sh5 billion loan facility to an infrastructural sector firm in the country, being the first company to receive the green funds. In 2020, the lender received accreditation from the United Nations Green Climate Fund (GCF) for on-lending to investments and projects with a positive impact on the environment such as […]
Kenya ranked lowest in Africa stock listings
Kenya recorded the worst performance among African countries in terms of initial public offerings (IPO), with its drought of transactions now in its sixth year, according to a new report by business advisory firm PricewaterhouseCoopers (PwC). Besides Kenya, other markets that had zero IPOs in the five years to 2021 included Zimbabwe, Central African Republic, […]
StanChart Bank profit jumps 66pc to Sh9 billion
Standard Chartered Bank Kenya chief executive Kariuki Ngari. PHOTO | DIANA NGILA | NMG Standard Chartered Bank Kenya has reported a 66.2 percent jump in net profit the full year to December 2021, helped by reduced costs and growth in non-interest income. The lender recorded Sh9.04 billion in profit after tax, the highest in five […]
Centum appoints Risper Alaro as Group Finance Director
Risper Alaro appointed as Group Finance Director at Centum [Courtesy] Centum Investment Company PLC has appointed Risper Alaro as the Group Finance Director effective March 15, 2022. Alaro, who was on a three-year sabbatical leave, previously served Centum in various leadership capacities for a period of 18 years. She established Centum Business Solutions Ltd and […]
Jubilee raises stake in Seacom fibre project
Insurance group Jubilee Holdings #ticker:JUB has purchased an additional 10 percent stake in submarine fibre optic cable project Seacom for an undisclosed sum, raising its ownership in the venture to 18.8 percent. The Nairobi Securities Exchange #ticker:NSE -listed firm, which owns shares in Seacom indirectly through IPS Cable System Limited, previously owned an 8.8 percent […]
KCB quietly extends CEO Oigara’s contract by one year
KCB Group CEO Joshua Oigara. PHOTO | SALATON NJAU | NMG KCB Group has quietly extended the term of Chief Executive Officer Joshua Oigara by a year as it continues the search for a successor to the long-serving leader ahead of December. The extension, until December 31, is the second extension for the 47-year old […]
Eveready East Africa most expensive stock on NSE
Listed battery distributor Eveready East Africa #ticker:EVRD is the most expensive stock on the Nairobi Securities Exchange (NSE) #ticker:NSE relative to its net assets, with its overvaluation driven by years of losses. Its equity or shareholders’ funds dropped 84.6 percent to Sh6.3 million in the year ended September 2021. Meanwhile, its 210 million issued shares […]
Eveready East Africa most expensive stock on the Nairobi Securities Exchange
Listed battery distributor Eveready East Africa is the most expensive stock on the Nairobi Securities Exchange (NSE) relative to its net assets, with its overvaluation driven by years of losses. Its equity or shareholders’ funds dropped 84.6 percent to Sh6.3 million in the year ended September 2021. Meanwhile, its 210 million issued shares traded at […]
Bamburi increases cement prices on escalating costs
Bamburi Cement Plc #ticker:BAMB is now the latest company to announce plans to increase prices of its products by between two and 10 percent effective March 10 due to higher cost of input raw materials. The move is rare in the cement industry which had suffered declining prices over the years amid price wars as […]