November, Wednesday 4, 2020: The top gainer of the day at the Nairobi Securities Exchange (NSE) was Flame Tree Group with 5.26 percent at the price of 1.40 shillings per share. WPP ScanGroup and British American Tobacco gained 3.17 and 2.68 percent at the price of 6.50 and 345.00 shillings per share respectively. Centum Investment […]
The Capital Markets Authority (CMA) wants the government to sell additional shares in listed State firms to help improve the trading liquidity of the Nairobi Securities Exchange. Trading activity at the stock market has slowed down due to lower share prices following the onset of the Covid-19 pandemic, which dragged down market turnover ratio to […]
November, Wednesday 4, 2020: The top gainer of the day at the Nairobi Securities Exchange (NSE) was Flame Tree Group with 5.26 percent at the price of 1.40 shillings per share. WPP ScanGroup and British American Tobacco gained 3.17 and 2.68 percent at the price of 6.50 and 345.00 shillings per share respectively. Centum Investment […]
Express Kenya closed the week as the top gainer of the day at the Nairobi Securities Exchange (NSE) with 8.61 percent at the price of 3.91 shillings per share followed by Uchumi Supermarket with 7,14 percent at the price of 0.30 shillings per share. Stanbic Holdings and Fahari Stanlib Income – REIT gained 5,96 and […]
November, Monday 2, 2020: Safaricom was the top mover of the day after moving 7.89 million shares at a market capitalization of 1.25 trillion followed by Bamburi Cement with 1.78 million shares at a market capitalization of 8.28 billion shillings. Equity Group moved 1.09million shares at a market capitalization of 125.85 billion shillings while East […]
Uchumi Supermarkets has opened a portal for trade and services creditors to register their debts as part of the retailer’s implementation of the Company Voluntary Agreement (CVA). Registration of debt incurred before March 2 through the online portal http://www.myuchumi.com/ will allow the retailer verify and audit debt. “The CVA which was approved by the High […]
Tuskys outlet in Nairobi (PHOTO: FILE) Troubled Tuskys has tapped an ex-Uchumi executive for its top finance job as part of turnaround efforts. Tuskys has since last year operated with an acting CFO after the previous one Daniel Ndirangu resigned in December. Tusker Mattresses chief executive Dan Githua said that Mr Chadwick Omondi Okumu would […]
The unease over increasing public debt, now past the Sh7 trillion mark, has taken the centrestage in recent months with Kenyans raising concerns about the possible impact of the government’s increased borrowing appetite, in an already struggling economic environment greatly exacerbated by the Covid-19 pandemic. This comes days after the National Treasury through the draft […]
Before the year closes, what was famously referred to as Nakumatt Lifestyle will be Naivas Lifestyle as the latter is finalising renovations of the space. This swap is a glimpse of the trend in the retail sector in Kenya. The tumultuous segment has seen established retailers collapse while others have swooped in and taken over. […]
Some foreign supermarkets have been unable to drive sales to pay suppliers and consequently exited the market In the past few years, Uganda has witnessed a rapid increase of supermarkets in the urban centres and suburbs characterized by a change from stores trading in luxurious goods to supermarket brands stocked with fast-moving consumer goods (FMCG). […]
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