Beer bottles roll on a conveyor belt at the East African Breweries Ruaraka factory in Nairobi, Kenya, February 17, 2010.[Courtesy] Some of the world’s biggest alcoholic beverage manufacturers selling their products in Kenya and the region are being investigated for practices that hamper cross border trade. The companies are also in the spotlight for putting […]
Since the successful issue of the Sh25 billion KenGen #ticker:KEGN public infrastructure bond in 2009, the local corporate bond market has yet to scale back to the same heights. Beset by collapsed issuers and defaults in recent years, the segment seems to have taken a backward step in active issuance of corporate bonds as investors […]
The value of shares traded on the Nairobi bourse yesterday hit a three-year high, buoyed by a rally in Safaricom and banking stocks that has seen investors gain Sh207.5 billion since mid-May. Nairobi Securities Exchange (NSE) data showed that the market gained for the fifth day in a row to close trading at Sh2.7232 trillion—a […]
The Nairobi Securities Exchange (NSE) is running courtesy of 5 major stocks, with the majority of them being commercial banks. On Thursday, the NSE hit a three-year all-time high with the giant telecommunications; Safaricom leading the way. Since Mid-May, investors at the NSE have gained 207.5 billion shillings. The market has been warming up to […]
In 2020, Delta Corporation completed the acquisition of United National Breweries (UNB) from Diageo Plc, a deal that had been in the pipeline since 2018. According to various reports, Diageo acquired UNB after purchasing the remaining 50% of the business for US$36 million in 2013 and alluded to a c.US$41 million aggregate exceptional loss upon […]
The value of shares traded on the Nairobi bourse yesterday hit a three-year high, buoyed by a rally in Safaricom and banking stocks that has seen investors gain Sh207.5 billion since mid-May. Nairobi Securities Exchange (NSE) data showed that the market gained for the fifth day in a row to close trading at Sh2.7232 trillion—a […]
Wines and spirits shop in Langata, Nairobi. [Samson Wire, Standard] Your next visit to the pub might leave a bigger hole in your pocket after East African Breweries Ltd (EABL) yesterday increased the recommended retail price for most of its products. The brewer said the adjustment was prompted by an increase in the cost of […]
DAR ES SALAAM Stock Exchange (DSE) recorded positive price movements that helped to spark rally in stocks in May but failed to increase the market turnover. The bourse, according to Zan Securities’ Market Monthly Outlook, saw nine counters registering price gain against seven in April while two counters registered price drop. Zan Securities said in […]
A display of listed equities at the NSE. PHOTO | CITIZEN DIGITAL Foreign investors have now sold stocks worth Ksh.1.9 billion ($17.5 million) at the Nairobi Securities Exchange (NSE) in the year so far. In May, the investors offloaded Ksh.787.7 ($7.3 million) worth of stocks as investors continued to execute a flight to risk stance […]
On-demand delivery platform Glovo, has launched its first micro fulfillment center in Nairobi, as the company expands its ‘Q-commerce’ (Quick-commerce) division. Q-Commerce enables consumers to use Glovo to order from their favourite supermarkets, neighbourhood stores and the Glovo Market. Glovo Market uses the latest in in-store digital technology and dedicated resources to ensure the quickest […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.