Nairobi Securities Exchange trading floor. PHOTO | NMG 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 […]
To understand how the industry has been affected by the pandemic, it is key to look at the performance of EABL. [Courtesy] Kenya has one of the highest excise tax rates on alcohol, commonly known as “sin tax,” in East Africa. But amid a persistent coronavirus pandemic that has forced a reduction of legal drinking […]
•Notable increases are in Whitecap Light, Tusker Lite and Malt which have increased by Sh20. •Whisky, brandy, vodka, gin, liqueur and ready-to-drink consumers will also pay more for their favorite drinks where prices have increased by between Sh20 and Sh200. Production at the East African Breweries Limited plant in Nairobi/FILE Planning to go out this […]
The price revision affects spirits manufactured under United Distillers Vintners (UDV) Kenya, such as gin, vodka, liqueur, and whisky EABL corporate relations director Eric Kiniti said they increased the prices following the 4.94% tax increase on alcoholic products by the government in October 2020 There have been continued restrictions in the liquor business environment that […]
The Dar es Salaam Stock Exchange (DSE) stellar performance has been boosted by two cement companies signalling a paradigm shift going forward. Thus, the bourse recovered from last week slump as turnover and volume increased with indices recovering too. The exchange equity turnover increased by 63.89 per cent to close at 988.07m/- last week from […]
Fighting to stay afloat as the taxman demands close to Ksh 10billion in taxes, Naivasha-based Keroche Industries has now unveiled a beer product dubbed X which they say is meant to counter the foreign domination of the premium beer market. Keroche Breweries CEO Tabitah Karanja revealed that the X beer is sugar and additive-free beer […]
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 […]
East African Breweries Ltd took a shock when Kenya closed hospitality businesses due to the pandemic | TOM COLLINS | For any business that relies on open venues to sell goods, Covid-19 has been particularly challenging. As Kenya responded to the pandemic by closing hospitality businesses and implementing a night-time curfew, East African Breweries Limited […]
BOTH major indices on the Dar es Salaam Stock Exchange were on the green during the week that ended on 25th June 2021. The Tanzania Share Index (TSI) gained 20.63 points following a rally on Twiga Cement (TPCC) and NICOL counters. Twiga went up by 9.38% on the back of a handsome dividend that has […]
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 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.