A statement released by the bank said Mchechu brings to the bank invaluable experience, knowledge and unique skills set with core competencies in leadership development, education, finance, banking, planning and general management. Mchechu is currently the Executive Chairman of Amboni Group of companies, a holding that has investment interests in various economic sectors such as […]
Tag: XUGA_EABL
MTN Group is the biggest company in West Africa by market capitalization – here’s the Top 30 list
A worker walks past an outlet of South Africa’s MTN Group in Johannesburg, South Africa, February 23, 2016. REUTERS/Siphiwe Sibeko/File Photo The market cap of the Top 30 companies for January 2022 was US$116bn, up 4.7% in December. BUA Foods (Nigeria) and Access Bank (Nigeria) are new entrants in the Top 30, replacing Jumia Technologies […]
23-year old scoops Kshs. 1M for designing KBL’s new logo
Anncatherine Njuhi has pocketed Kshs. 1 million for designing Kenya Breweries Limited’s (KBL) next-generation logo. The logo by the 23-year old Njuhi who is a former student at the Buruburu Institute of Fine Arts was chosen the best among 600 designs by youth aged between 21-25 years in the KBL Still Got Skillz competition. Besides […]
Scangroup hires Ithau as new boss
Patricia Ithau is the new Scangroup CEO [Fidelis Kabunyi, Standard] Marketing firm WPP Scangroup has replaced long-serving Chief Executive Bharat Thakar, who resigned in March 2021 amid a gross misconduct probe. Veteran marketing and business leader Patricia Ithau (pictured) has been appointed as CEO from March 14. She is no stranger to Scangroup, having served […]
NSE sheds Sh92bn in a day as Russia invades Ukraine
Nairobi Securities Exchange (NSE) on the trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG Investors at the Nairobi Securities Exchange (NSE) on Thursday lost Sh92 billion as global stocks plunged after President Vladimir Putin launched an invasion of Ukraine, making it the biggest single-day loss […]
NSE sheds Sh92bn in a day as Russia invades Ukraine
Nairobi Securities Exchange (NSE) on the trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG Investors at the Nairobi Securities Exchange (NSE) on Thursday lost Sh92 billion as global stocks plunged after President Vladimir Putin launched an invasion of Ukraine, making it the biggest single-day loss […]
East African Breweries Sees Lingering COVID Concerns After Strong First Half
East African Breweries is cautiously optimistic about the prospects for its second half, its chief executive has said, adding that the threat posed by the COVID-19 pandemic is not over. Jump In Sales The firm, which is controlled by Britain’s Diageo, posted a 23% jump in sales during its first half to the end of […]
Borrowing, lending of shares now goes live at Nairobi bourse
Market watch at EABL National Stock Exchange (NSE) [David Gichuru, Standard] Investors at the Nairobi Securities Exchange (NSE) will now be able to borrow, lend and trade shares among themselves. This follows approval by the Capital Markets Authority (CMA) of a securities lending and borrowing (SLB) solution developed by the Central Depository and Settlement Corporation […]
Ailing Uchumi Carries The Day As Top Gainer At The NSE
Top Gainer The top gainer of the day at the Nairobi Securities Exchange was Uchumi Supermarket with 10.10 percent at the price of 0.22 shillings per share followed by Sasini with 7.43 percent at the price of 21.70 shillings per share. Umeme and Kakuzi gained 6.21 and 5.73 percent at the price of 6.50 and […]
Patricia Ithau appointed as Scangroup CEO
NAIROBI, Kenya Feb 10-WPP Scangroup has announced the appointment of Patricia Ithau as Chief Executive Officer. Ithau comes in to head Scangroup following the resignation of Bharat Thakrar as CEO and board member in March 2021. She is a highly accomplished business and marketing leader who brings more than 25 years of experience in senior […]