After helping Kenya Airways secure close to Sh80 billion in loans, the government received only Sh1 million in director fees from the cash-strapped airline in the last financial year. But this lopsided relationship is not only with the national carrier, whose financial woes were aggravated by the Covid-19 pandemic. In the 2019-20 financial year, taxpayers’ […]
French retailer Carrefour has opened a new store in Mombasa County, bringing the number of its outlets to nine. The new outlet at City Mall in Nyali is the retailer’s first store outside Nairobi as is one of three planned for the coast region. Carrefour, which is operated by Majid Al Futtaim, took over space […]
After helping Kenya Airways secure close to Sh80 billion in loans, the government received only Sh1 million in director fees from the cash-strapped airline in the last financial year. But this lopsided relationship is not only with the national carrier, whose financial woes were aggravated by the Covid-19 pandemic. In the 2019-20 financial year, taxpayers’ […]
The fall in the shares of the companies could be attributed to a fall in demand as foreign investors withheld their money, while others sold off their share to either keep cash or reinvest in their home countries and other markets considered safer. The market value of the companies listed on the Uganda Securities Exchange […]
NSE-listed bank shareholders at a past AGM in Nairobi. FILE PHOTO | NMG In the wake of Uchumi supermarkets’ plan to settle its debt load – through a company voluntary agreement, creditors will now take a 30 percent cut of their outstanding debt. Additionally, 40 percent of the debt owed to unsecured lenders will be […]
The Standard Investment Bank (SIB) has moved to have Capital Markets Authority’s (CMA) voice after questions of the practicality of its forex trading product, Mansa X. Mansa X, launched in January 2019, promised a 24 percent returns on investment to investors. Kahawa Tungu questioned how Mansa X was able to guarantee such returns, at a […]
The fall in the shares of the companies could be attributed to a fall in demand as foreign investors withheld their money, while others sold off their share to either keep cash or reinvest in their home countries and other markets considered safer. The market value of the companies listed on the Uganda Securities Exchange […]
November 9, 2020: Sameer Africa was the top gainer of the day on Monday at the Nairobi Securities Exchange with 9.71 percent at the price of 3.39 shillings per share. The East African Cables and Sanlam Kenya gained 9.29 and 7.06 percent respectively at the price of 1.53 and 13. 65 shillings per share respectively. […]
Tuskys supermarket Greenspan Mall branch in Nairobi. PHOTO | SALATON NAJU | NMG By CONSTANT MUNDA More by this Author Summary Nakumatt, Uchumi and Tuskys have gone down with nearly Sh30 billion owed to suppliers in under five years, pushing some of small traders on the verge of collapse. KAM says the credit information sharing […]
Employees of Tuskys Supermarket Limited protest outside the Tuskys Chap Chap branch in Nairobi. PHOTO | FRANCIS NDERITU Tuskys supermarket’s Southfield mall outlet is set to be auctioned next week. In a notice in the local dailies, Makuri Auctioneers indicated that the auction is a matter between the landlords and Tusker Mattresses Limited. Among the […]
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