A display of listed equities at the NSE. PHOTO | CITIZEN DIGITAL Nairobi Securities Exchange (NSE) investors are moving to take up profit taking positions ahead of the release of 2020 full year financial results. According to analysts, counters recording profit growth and not dividends might be the greatest motivator to investors as shareholder pay […]
The Central Bank of Kenya has paid Sh5 billion to the government as dividend, coming at a time when various state agencies are struggling to keep afloat. This is up from Sh4 billion moved to the Consolidated Fund in 2019, even as CBK reports a 16.6 per cent drop on deposits from government institutions in […]
Two days before Triton Petroleum Limited was placed under receivership, revealing to the whole world how Kenyan taxpayers had lost more than Sh9 billion in dubious oil deals, Benedict Mutua, the chief scheduler at Kenya Pipeline Company (KPC), wrote a memo to the operations manager. Mr Mutua, a veteran in petroleum operations with 13 years’ […]
Jatu share price plummeted 23.15 per cent in one week ending last Friday as investors’ appetite faded for once darling stock after listing two and half months ago. The agro-based starter-up firm opened last week at a 1,080/-, then closed at 830/- last Friday after hitting 760/- last Thursday. Orbit Securities said on Monday in […]
The board at troubled cement manufacturer East African Portland Cement Company ( EAPCC ) has shown acting managing director Stephen Nthei (pictured) the door. In a statement yesterday, the board named company insider Daniel Kiprono the new acting MD, ending Nthei’s 19-month stint at the helm. “The board of directors of the company wishes to […]
The board at troubled cement manufacturer East African Portland Cement Company ( EAPCC ) has shown acting managing director Stephen Nthei (pictured) the door. In a statement yesterday, the board named company insider Daniel Kiprono the new acting MD, ending Nthei’s 19-month stint at the helm. “The board of directors of the company wishes to […]
DESPITE a change of the tide on the last trading session of the week, JATU still managed to trivially suppress the Tanzania Share Index (TSI) after the counter dropped by 23.15 per cent on a weekly basis. JATU opened the week at a price of 1,080/- then closing at 830/- on Friday 05th February 2021 […]
East Africa Portland Cement Company (EAPCC) sacked the acting managing director Stephen Nthei while he was on his 40-day annual leave, Kahawa Tungu can reveal. Nthei’s 40-day annual leave started on Monday, February 8, and the board announced his replacement two days after he proceeded to his leave. This writer learns that Nthei was the […]
Jatu share price plummeted 23.15 per cent in one week ending last Friday as investors’ appetite faded for once darling stock after listing two and half months ago. The agro-based starter-up firm opened last week at a 1,080/-, then closed at 830/- last Friday after hitting 760/- last Thursday. Orbit Securities said on Monday in […]
A display of listed equities at the NSE. PHOTO | CITIZEN DIGITAL Nairobi Securities Exchange (NSE) investors are moving to take up profit taking positions ahead of the release of 2020 full year financial results. According to analysts, counters recording profit growth and not dividends might be the greatest motivator to investors as shareholder pay […]
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