The revelation that 97 percent of stock trading accounts have been dormant for years should spur regulators and other stakeholders in the capital markets into action. It speaks to widespread investor apathy that comes on the back of disappointing returns, a major part of which can be traced to poor corporate governance among some Nairobi […]
Patricia Ithau has been appointed WPP Scangroup CEO/Executive Director effective March 14, 2022. [Courtesy] Patricia Ithau has been appointed as the Chief Executive Officer and Executive Director of WPP Scangroup. Scangroup Chairman Richard Omwela, in a statement seen by The Standard, said Ithau will begin her term on March 14, 2022. “She oversaw the expansion […]
EABL General Managing Director Jane Karuku . [David Gichuru, Standard] East African Breweries Ltd ’s (EABL) net profits more than doubled in the first half of 2021 to a five-year high of Sh8.7 billion. The brewer was boosted by the reopening of entertainment joints following the easing of Covid-19 containment measures. The performance is compared […]
Marketing and communication firm WPP Scangroup has appointed Patricia Ithau as the chief executive officer. She takes over from Bharat Thakrar who resigned in March last year to pave the wave for investigations into his alleged misconduct. The Nairobi Securities Exchange-listed firm, however, closed the case against Thakrar and former chief finance officer Satyabrata Das […]
WPP Scangroup has announced the appointment of Patricia Ithau as its Chief Executive Officer. Patricia is an accomplished business and marketing leader who brings more than 25 years of experience in senior leadership roles. Throughout her career, she has overseen the expansion of major consumer brands in Eastern Africa at companies including Unilever, Diageo/East African […]
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 […]
Nairobi Securities Exchange (NSE) on the trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG Foreign investors at the Nairobi Securities Exchange (NSE) slowed down their selling activity in January compared to the previous four months which were characterised by profit-taking on blue chip stocks. NSE […]
KEY POINTS The market is currently trading at a price-to-earnings ratio (P/E) of 11.4x, 11.6 percent below the historical average of 12.9x, and a dividend yield of 3.5 percent, 0.5 percentage points below the historical average of 4.0 percent. During the week, the equities market recorded mixed performance, with NASI gaining by 0.6 percent, while […]
East African Breweries Limited (EABL) has reiterated its commitment to promote diversity and inclusivity through supporting women in sports. Speaking on the sidelines of the currently ongoing Magical Kenya Ladies Open in Vipingo Ridge, Kilifi County, East African Breweries Plc MD Jane Karuku said that the company will continue to support women’s sports as it […]
Patricia Ithau appointed Chief Executive Officer of WPP Scangroup WPP Scangroup today announces the appointment of Patricia Ithau as Chief Executive Officer. Patricia is a highly accomplished business and marketing leader who brings more than 25 years of experience in senior leadership roles overseeing the expansion of major consumer brands in Eastern Africa at companies […]
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