A view of Garden City Mall along Thika superhighway on February 15, 2021. PHOTO | LUCY WANJIRU | NMG British private equity investor Actis is set to bank Sh226 million ($2 million) annually in rent from the Garden City Business Park on Thika Road, which is nearly fully occupied after bagging two new corporate tenants. […]
Former Dubai Bank chairman Hassan Zubeidi. PHOTO | PAUL WAWERU | NMG Former Dubai Bank chairman Hassan Ahmed Zubeidi and former senior managers at Kenya Airways were on Tuesday charged with stealing Sh521.9 million from the national carrier. Mr Zubeidi was charged together with former managers at KQ, Elijah Itegi Githinji, Grace Wamuyu Mathenge, Jane […]
An Airtel shop. Airtel Kenya is surviving on a series of shareholder loans from its parent company, records show. PHOTO | FILE | NMG Kenya’s second-biggest telco has revealed that the shareholder loans from its holding firm Bharti Airtel Kenya BV shot up in the year ended December 2020. These shareholder funds, Airtel said, are […]
Dar es Salaam. When the year 2021 started, a share of the Tanga Cement Company Ltd (TCCL) at its Dar es Salaam Stock Exchange (DSE) trading counter was selling at Sh500. At the close of the year, the same share was being sold at Sh1,100, more than twice as much in value. The appreciation in […]
The Nairobi Securities Exchange (NSE) opened the year on the up in Monday’s trading, largely buoyed by a gain in the Safaricom #ticker:SCOM stock. The telco, which accounted for 57 percent traded turnover at the market Monday, saw its price rise by Sh0.20 to Sh38.15 on the back of high demand by foreign investors. Other […]
The Nairobi Securities Exchange (NSE) opened the year on the up in Monday’s trading, largely buoyed by a gain in the Safaricom #ticker:SCOM stock. The telco, which accounted for 57 percent traded turnover at the market Monday, saw its price rise by Sh0.20 to Sh38.15 on the back of high demand by foreign investors. Other […]
Kenya Airways planes at the Jomo Kenyatta International Airport on July 31, 2020. PHOTO | SALATON NJAU | NMG In a notice, Emirates Airlines announced that it has extended the ban, which was to end on the eve of Christmas, until further notice. The move is the latest restriction on global travel by UAE aimed […]
Kenya Airways planes at the Jomo Kenyatta International Airport on July 31, 2020. PHOTO | SALATON NJAU | NMG In a notice, Emirates Airlines announced that it has extended the ban, which was to end on the eve of Christmas, until further notice. The move is the latest restriction on global travel by UAE aimed […]
Equity Group Managing Director and CEO Dr James Mwangi at the Equity Centre in Nairobi on Monday, October 25, 2021. PHOTO | DENNIS ONSONGO | NMG Nairobi. The Democratic Republic of Congo (DRC) has tipped Kenyans to invest in its minerals and agricultural sectors in deals that will get Equity Bank financing. The Governor of […]
Kampala residents leave the city on December 23, 2021, to celebrate Christmas upcountry. PHOTO | MORGAN MBABAZI | NMG East Africans are spending the Christmas festivities with a dark cloud of the fast-spreading Omicron Covid variant, government curbs, and financial pressure from the pandemic effects hanging overhead. From vaccine mandates to travel hassles and curfews; […]
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