Centum Plc #ticker:CTUM has appointed the former managing director of one of its subsidiaries, Risper Alaro, as the group finance director effective March 15. Ms Alaro worked in Centum for 18 years in various capacities, including the director of finance and operations and MD of Centum Business Solutions, returning now for a new role since […]
Tag: XNAI_NSE
Jubilee Holdings buys additional 10% in SEACOM
Nizar Juma Chairman Jubilee Holdings during the launch of Explorer health insurance at Serena yesterday photoKARUGA WA NJUGUNA Nairobi Securities Exchange-listed financial services firm Jubilee Holdings has acquired an additional 10 per cent stake in undersea cable service provider SEACOM. This raises Jubilee’s shareholding in SEACOM from 18.8 per cent after an initial 8.8 per […]
Centum hands over Two Rivers luxury apartments to buyers
Nairobi Securities Exchange Chief Executive Geoffery Oundo (left) and Centum Real Estate Chairman James Ruitha during the handover of the Riverbank apartments in Nairobi yesterday. [Wainaina Wambu, Standard] Centum Real Estate has handed over the keys to 60 buyers of its luxury apartments located at the Two Rivers mixed-use development. This is the first Centum […]
Despite the turbulent skies, we can’t give up on our flag carrier
Kenya Airways has been a strategic tool that has helped Kenya and will continue for years to come. Leaders from across the divide have been questioning why the national carrier Kenya Airways constantly gets government bailouts. Aviation is quite a sophisticated field, and it can sometimes overwhelm the lay reader as it is an industrial […]
NSE gold fund hits Sh92m trade on flight to safety
Investors purchased gold-backed exchange traded fund (ETF) worth Sh91.7 million on Wednesday as they moved to hedge against volatility in global markets. They shifted 44,200 units of the Absa New Gold ETF at an average price of Sh2,075, realising the highest traded volume and value in a single day on the counter since the units […]
Kenya Power adds 317,296 customers in six months to Dec
Kenya Power staff at work along Nyerere Avenue in Mombasa. FILE PHOTO | KEVIN ODIT | NMG Kenya Power added 317,296 customers in the six months to December when the economy continued to recover from the Covid-19 pandemic disruptions. The latest data from the Energy and Petroleum Regulatory Authority (Epra) shows that the utility had […]
IMF, Moody’s warn Russia-Ukraine conflict will impact economies
•The impact of the conflict was last week felt at the Nairobi Securities Exchange as investors lost Sh93 billion in paper wealth within a day. •An increase in global oil prices will impact consumers in the country, as Kenya remains an importer of refined products. Ukraine tourists arrive in Mombasa for holiday last year/ The […]
Election crystal ball that is splitting investors
Campaign podiums are loud but investors are struggling to understand what kind of policies the political parties and contestants are talking about. Investors are looking into the investment crystal ball. But many are only seeing what they don’t want to see: August general elections. They have been in this game of wait-and-see since Covid-19 struck […]
Pension sector outlook positive despite election uncertainties
Kenya has made progress in instituting policies that crowd-in private sector engagement, particularly within the affordable housing pillar. Kenya’s real Gross Domestic Product (GDP) growth has a history of slackening during election years. During this period, fund managers and individuals put investment decisions on hold pending a return to normalcy in the political scene. The […]
97pc of NSE share trading accounts remain dormant
Securities trader Mbuthia Irungu at Nairobi Securities Exchange (NSE) trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG Nearly 97 percent of equities accounts used for trading at the Nairobi Securities Exchange (NSE) have been dormant in the past two years, revealing the apathy among retail […]