A sorghum farm. FILE PHOTO | NMG Sorghum farmers in Makueni County have had to cancel their contract with brewers following destruction caused by birds on their crop. Brewers normally prefer Gadam variety for processing of Keg. However, this variety is liked by birds and they end up eating everything that growers have planted, subjecting […]
A sorghum farm. FILE PHOTO | NMG Sorghum farmers in Makueni County are returning to contract farming with brewers after getting a new seed variety that is less prone to destruction caused by birds, which had driven them abandoning the crop. Brewers normally prefer Gadam variety for processing of Keg, however, this variety targeted by […]
Safaricom Chief Executive Officer Peter Ndegwa. [Wilberforce Okwiri,Standard] Mobile phone operator Safaricom is indisputably the most profitable company in Eastern and Central Africa. No company comes close to the telco, which recently made an incursion into Ethiopia after Addis Ababa liberalised its telecommunications sector. Yet, Safaricom’s dominance does not end in the goods and services […]
Dar es Salaam Stock Exchange (DSE) has posted a mixed movement where domestic and crosslisted stocks split between green and red. Tanzania Share Index (TSI) gained by 0.26 point following a 0.007per cent gain on the domestic market capitalisation. The TSI and domestic market cap closed the week at 3,640.38 points and 9.588tri/- respectively for […]
Investors’ wealth on the Nairobi Securities Exchange (NSE) hit an all-time high yesterday, adding Sh70.24billion in a single day, buoyed by a rally of Safaricom and bank stocks. Market data shows the market recorded the sixth straight day of gains to close valued at Sh2.921 trillion— the highest in the history of the bourse. Safaricom […]
Stockbrokers bid at the Nairobi stock exchange during the last open outcry trading system in the capital Nairobi, September 8, 2006. PHOTO | POOL The rally being witnessed in pockets of the Nairobi Securities Exchange (NSE) is a sign that local and foreign investors are willing to bet on Kenya. The entire market capitalisation has […]
A sorghum farm. FILE PHOTO | NMG Sorghum farmers in Makueni County have had to cancel their contract with brewers following destruction caused by birds on their crop. Brewers normally prefer Gadam variety for processing of Keg. However, this variety is liked by birds and they end up eating everything that growers have planted, subjecting […]
Capital Markets Authority (CMA) CEO Wyckliffe Shamiah at a past event. FILE PHOTO | LUCY WANJIRU | NMG Kenya’s once vibrant corporate bonds market has undergone lean times in the past five years, at times facing real fears of a total collapse due to investors’ fear of losing their funds to shaky issuers. Although there […]
Zamara chief executive Sundeep Raichura. FILE PHOTO | NMG The rally in large stocks at the Nairobi bourse doubled returns of pension funds in the second quarter, offering relief to contributors whose savings have been ravaged by inflation. Returns from their equities investments grew by 11.7 percent during the quarter, boosting the overall returns to […]
East African Breweries Limited #ticker:EABL has completed acquisition of additional 30 percent stake in Tanzanian subsidiary for $55 million (Sh5.98 billion), raising its ownership to 85 percent. EABL, majority-owned by UK’s Diageo, had disclosed plan to increase its stake in Serengeti Breweries in March 2020 after identifying the Tanzanian market as promising for growth of […]
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