Kenya’s major supermarkets opened 19 new stores last year, partly spurred by a recovery in consumer demand and cash from private equity funds which acquired stakes in two of the four retailers in prior years. Naivas, Quick Mart, Carrefour and Chandarana Foodplus tightened their grip on Kenya’s retail sector, capitalising on the gap left by […]
A court has awarded former Uchumi Supermarket #ticker:UCHM CEO Jonathan Ciano Sh6.5 million for leave days, gratuity and unused leave days, terming his sacking seven years ago invalid. Mr Ciano was sacked in June 2015 on allegations of gross misconduct and negligence that left the listed retailer owing suppliers Sh1 billion. He sought Sh47.4 million […]
In recent years, one of the questions that has divided financial regulators is how frequent publicly listed companies should disclose their earnings to investors. Now there are two camps in this debate. The first are those who believe that the high frequency of disclosures keeps executives accountable by influencing them to make better decisions and […]
An employee makes notes in front of an electronic stock information screen inside the Nairobi Securities Exchange Ltd. (NSE), in Nairobi, Kenya, on Tuesday, December 8, 2015. [Riccardo Gangale, Bloomberg] The government’s income from profits and dividends in listed companies fell to Sh45 billion in the 2020/2021 financial year , a 37 per cent drop […]
A court has awarded former Uchumi Supermarket #ticker:UCHM CEO Jonathan Ciano Sh6.5 million for leave days, gratuity and unused leave days, terming his sacking seven years ago invalid. Mr Ciano was sacked in June 2015 on allegations of gross misconduct and negligence that left the listed retailer owing suppliers Sh1 billion. He sought Sh47.4 million […]
The Nairobi Securities Exchange ( NSE ) is eyeing investments in regional bourses as it looks to supplement the revenue it earns from trades and data sales at the local market. The bourse recently bought a 4.9 percent stake in Tanzania’s Dar es Salaam Stock Exchange ( DSE ) and is now looking at investing […]
Nairobi Securities Exchange is considering investmenting in regional bourses to supplement the revenue it earns from trades and data sales at the local market. Regional bourses have already attracted cross-listings from several Kenyan companies such as KCB , Equity Holdings , Kenya Airways , DTB , and Uchumi Supermarkets , boosting their relatively low home-grown […]
The Nairobi Securities Exchange (NSE) #ticker:NSE is eyeing investments in regional bourses as it looks to supplement the revenue it earns from trades and data sales at the local market. The bourse recently bought a 4.9 percent stake in Tanzania’s Dar es Salaam Stock Exchange (DSE) and is now looking at investing in the Uganda […]
Listed battery distributor Eveready East Africa #ticker:EVRD is the most expensive stock on the Nairobi Securities Exchange (NSE) #ticker:NSE relative to its net assets, with its overvaluation driven by years of losses. Its equity or shareholders’ funds dropped 84.6 percent to Sh6.3 million in the year ended September 2021. Meanwhile, its 210 million issued shares […]
Listed battery distributor Eveready East Africa is the most expensive stock on the Nairobi Securities Exchange (NSE) relative to its net assets, with its overvaluation driven by years of losses. Its equity or shareholders’ funds dropped 84.6 percent to Sh6.3 million in the year ended September 2021. Meanwhile, its 210 million issued shares traded at […]
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