Tea pickers. FILE PHOTO | NMG Williamson Tea and Kapchorua Tea have warned of weaker earnings in the future after the two firms posted poor performance for the year ended March 2021 on the back of global oversupply. The listed tea firms— which cultivate, manufacture and sell tea — said in separate financial performance reports […]
Kenya Power engineers carry out maintenance work at a power sub-station in Mombasa The Kenya Power Company is expected to lose its largely monopolistic market power with more firms moving to solar energy in a bid to cut electricity expenses. Kenya Tea Development Agency (KTDA) is the latest firm that has applied for a licence […]
The Nation Media Group was the top gainer of the day at the Nairobi Securities Exchange (NSE) on Tuesday, March 2, 2020, with 9.89 percent at the price of 19.45 shillings per share. Kenya Re-Insurance was the second top gainer with 4.84 percent at the price of 2.60 shillings per share followed by Longhorn Publishers […]
The East African Tea Trade Association(EATTA) has moved to court seeking suspension of more sections of the newly enacted Tea Act arguing that they are discriminatory and unconstitutional. The association, which manages the weekly tea auction in Mombasa says implementation of the law will distabilise production and export of tea in Kenya. The High Court […]
Investors buying shares at the at the Nairobi Securities Exchange (NSE) at prevailing prices are enjoying a return from dividends matching the rates earned by buyers of short-term government securities. NSE data shows the dividends as a percentage of share price (known as dividend yields) for 18 listed firms range between 7.3 and 19.7 percent, […]
The top 5 gainers of the day at the Nairobi Securities Exchange (NSE) were: Nairobi Business Ventures Liberty Kenya Uchumi Supermarket East African Cables Kapchorua Tea Kenya. Nairobi Business Ventures gained 10 percent at the price of 0.66 shillings per share followed by Liberty Kenya with 8.03 percent at the price of 7.80 shillings per […]
The Nairobi Securities Exchange (NSE) has begun witnessing a new slide as listed entities close their books ahead of dividend payments. The second-wave slide which follows COVID-19 shocks in March and April has seen an extension of losses of the bourse main indices. In July for instance, all three NSE indices remained on a downward […]
On Monday, Kakuzi emerged as the top gainer of the day at the Nairobi Securities Exchange (NSE) with 9.76 percent at the price of 360.00 shillings per share. Sasini Tea and Coffee, and Williamson Tea Kenya gained 6.75 and 4.56 percent at the price of 17.40 and 143.25 shillings per share respectively. Eveready East Africa […]
The market data shows that among actively traded stocks, 27 or 47 per cent of the companies registered gains while 30 or 53 per cent posted losses. FILE PHOTO | NMG Troubled Kenya Airways leads a group of loss-making companies to emerge with the best stocks from a period when the country imposed tight coronavirus […]
The market data shows that among actively traded stocks, 27 or 47 per cent of the companies registered gains while 30 or 53 per cent posted losses. FILE PHOTO | NMG Troubled Kenya Airways leads a group of loss-making companies to emerge with the best stocks from a period when the country imposed tight coronavirus […]
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