Uchumi Supermarkets branch in Nairobi. FILE PHOTO | NMG Investors on Nairobi Securities Exchange (NSE)-listed Uchumi Supermarkets remain in the dark as the troubled retailer is yet to publish its financials for four years in an alarming regulatory breach. The retailer has not released its financials for the year ending June 2018 despite several extensions […]
Equity Group CEO James Mwangi. PHOTO | FILE | NMG Equity Group has recorded a 79 percent rise in net profit in the nine months to September this year, helped by growth in interest and non-interest income. The regional lender’s profit after tax in the review period stood at Ksh26.87 billion ($242.07 million) compared to […]
Uchumi Supermarkets branch in Nairobi. FILE PHOTO | NMG Investors on Nairobi Securities Exchange (NSE)-listed Uchumi Supermarkets remain in the dark as the troubled retailer is yet to publish its financials for four years in an alarming regulatory breach. The retailer has not released its financials for the year ending June 2018 despite several extensions […]
According to Orbit Securities Market Report, a total of 2,165,352 shares were traded during the five days trading session last week. “Local investors accounted for the majority of transactions on both the buying and selling sides. They accounted for 66.8 percent of all the buying activities in the market and 57.6 percent on the selling […]
Data by the Ministry of Industrialisation shows the number of registered companies in Kenya stands at over 310,000 Out of the figure, only 65 are listed at the Nairobi Securities Exchange (NSE) Safaricom tops the list of the richest companies in Kenya followed closely the East African Breweries Ltd Data by the Ministry of Industrialisation […]
The fate of the Centum-backed Lamu coal power plant hangs in the balance after recommendations in a report presented to President Uhuru Kenyatta said its power purchase agreement (PPAs) with Kenya Power had lapsed. President Kenyatta appointed the taskforce in March after it emerged that Kenya Power had signed contracts committing it to take more […]
From left: NCBA Group MD John Gachora, KCB Group CEO Joshua Oigara and Kenya Bankers Association CEO Habil Olaka during the launch of a mobile loan product in 2019. FILE PHOTO | NMG It is estimated that over $37.1 billion worth of securities held by big banks are tied in the real estate amid reports […]
Long queues of job seekers in their hundreds wait to hand in their documents at County hall on May 26, 2017, as they sought job opportunities. PHOTO | JEFF ANGOTE | NMG Kenya’s private sector hiring increased in October and firms also increased workers’ pay, partly helped by the government easing some restrictions aimed at […]
An Ethiopian Airlines plane. FILE PHOTO | NMG Ethiopian Airlines is establishing its presence in more than six African countries through a management role or strategic partnership with the local carriers, making it a dominant player in the continent. The move is set to give East African carriers such as Kenya Airways a run for […]
From left: NCBA Group MD John Gachora, KCB Group CEO Joshua Oigara and Kenya Bankers Association CEO Habil Olaka during the launch of a mobile loan product in 2019. FILE PHOTO | NMG It is estimated that over $37.1 billion worth of securities held by big banks are tied in the real estate amid reports […]
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