Nairobi Securities Exchange (NSE) on the trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG Foreign investor outflows at the Nairobi Securities Exchange (NSE) have surged 60.7 percent in the three months to March, reflecting the impact of ongoing geopolitical tensions. Data show the bourse has […]
Tag: XUGA_EABL
Uganda: Derek Mwesigye Is New Metropolitanrepublic Uganda Creative Director
Kampala, Uganda — MetropolitanRepublic Uganda (MRU) has named Derek Mwesigye as their new creative director. Managing Director, Josephine Muvumba said: "Derek and his team serve as the backbone of the agency. Winning pitches outside Uganda, in a more advanced market raises the confidence we have in our work, our people and our service delivery. This […]
Consumers spared annual price reviews in hard times
Consumers will be spared annual price increases on a range of excisable goods like fuel, beer, motorcycles and bottled water during a hard economic period if MPs approve proposed changes to the Excise Duty Act. The proposed amendments have empowered the Kenya Revenue Authority Commissioner-General Githii Mburu to exclude some products from annual inflation tax […]
KRA reveals Keroche’s Sh22bn tax bill in brewer’s survival fight
Keroche Breweries chief executive officer Tabitha Karanja. FILE PHOTO | NMG The Kenya Revenue Authority (KRA) has disclosed that the troubled Naivasha-based Keroche Breweries owes it Sh22.79 billion in unpaid taxes, darkening the future for the brewer that challenged the mighty East African Breweries (EABL) . The taxman in an unprecedented move offered a blow-by-blow […]
Uganda: Derek Mwesigye Is New Metropolitanrepublic Uganda Creative Director
Kampala, Uganda — MetropolitanRepublic Uganda (MRU) has named Derek Mwesigye as their new creative director. Managing Director, Josephine Muvumba said: "Derek and his team serve as the backbone of the agency. Winning pitches outside Uganda, in a more advanced market raises the confidence we have in our work, our people and our service delivery. This […]
Equity tops banks’ shareholder returns over the past decade
If you invested Sh100,000 in shares of each of Kenya’s five largest banks at the end of 2009 and held onto the haul to date, you could have made anywhere between Sh11,000 and Sh262,000, depending on the lender you chose. Shares of large banks stocks have proven to be among the most resilient at the […]
Gas, cooking oil, soap prices hit home budgets, March inflation
The prices of essential items, including soap, cooking gas and cooking oil, have risen by up to a third in the past 12 months, straining household budgets at a time when average private-sector pay is growing at the slowest pace in a decade. Kenya National Bureau of Statistics (KNBS) data show that inflation rose from […]
Uganda Spirits Market Report, Size, Industry Share, Trends, Research, Growth and Forecast by 2022-2027
According to the latest report by IMARC Group, titled “ Uganda spirits Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027 “, Uganda spirits market reached a value of US$ 1.62 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 2.28 Billion by 2027, growing at a […]
Safaricom pulls NSE to 12-month low
Screen showing stock prices at the Nairobi Securities Exchange. [Wilberforce Okwiri, Standard] The value of investors’ wealth at the Nairobi Securities Exchange (NSE) today touched 12-month low, majorly pulled down by Safaricom as foreign investors sustained selling. Market data shows investors’ paper wealth has in the last seven days of trading dropped by Sh79.91 billion […]
E-PAPER: Kenya’s women corporate trailblazers to watch
• The number of women on boards in Kenya has been on the steady increase over the years. • Kenya is fairing well globally with a diversity of 36 per cent at present, compared to 21 per cent in 2017. In a special edition to mark Women’s History Month, The Boardroom Africa (TBR) has launched […]
