QuickMart head of marketing Betty Wamaitha (centre). FILE PHOTO | NMG QuickMart Supermarket has upped the battle for shoppers in Nairobi’s central business district (CBD) after the retail chain opened its first outlet in the city centre. Botswana-based Choppies supermarket, which plans to exit Kenya following a cash flow hitch, previously occupied the premises on […]
Investors are looking for companies that will be accountable and transparent. FILE PHOTO | NMG Over the years, there has been intentional effort in enhancing corporate governance in companies, not just in Kenya but worldwide and especially where investors are involved. Corporate governance in Kenya has evolved as witnessed through recent regulations and judicial rulings […]
Business “This drastic change can be attributed to the panic trading brought about by Covid-19.” Investors have lost Sh173 billion on companies listed at the Nairobi Securities Exchange (NSE) in the last two months as the impact of the coronavirus pandemic continues to be felt across the world. According to the latest market data from […]
QuickMart head of marketing Betty Wamaitha (centre). FILE PHOTO | NMG QuickMart Supermarket has upped the battle for shoppers in Nairobi’s central business district (CBD) after the retail chain opened its first outlet in the city centre. Botswana-based Choppies supermarket, which plans to exit Kenya following a cash flow hitch, previously occupied the premises on […]
A military vehicle is parked on the land claimed by Uchumi next to Thika Road Mall in Nairobi. PHOTO | EVANS HABIL | NMG As reported in Wednesday’s Business Daily, the Kenya Defence Forces (KDF) has taken over land claimed by struggling Uchumi Supermarkets , ignoring the long history that ended with Uchumi being allowed […]
NIC Bank Managing Director John Gachora (left) with his CBA counterpart Isaac Awuondo brief journalists in Nairobi last week. When Kenya’s two powerful bankers – Commercial Bank of Africa (CBA) Group Managing Director Isaac Awuondo and NIC Bank boss John Gachora – recently shared the stage as a show of equal footing in the merger […]
Nairobi — Automobile and logistics firm Bwala Africa has secured Sh10 million financing from Stanbic Bank to venture into last mile logistics. Bwala Africa Group, a last mile logistics marketplace launched early this year to solve challenges facing fleet owners on a daily basis has recorded over 6000 deliveries in Nairobi and secured debt financing […]
Automobile and logistics firm Bwala Africa has secured Sh10 million ($99,255.58) financing from Stanbic Bank to venture into last mile logistics. Bwala Africa Group, a last mile logistics marketplace was launched early this year to solve challenges facing fleet owners on a daily basis has recorded over 6000 + deliveries in Nairobi and secured debt […]
Household goods company Tropikal Brands Afrika has sued Uchumi Supermarkets for Sh35 million unpaid supplies, almost a year after the firm revealed it had taken struggling retailer Nakumatt to court. The firm says Uchumi has failed to settle the debts, some dating back five years, despite the credit period within which the arrears were to […]
Nairobi Securities Exchange CEO Geoff rey Odundo observing daily trading at the bourse on August 22, 2017/ENOS TECHE Capital Markets Authority yesterday suspended Athi River Mining Cement from trading at the Nairobi Securities Exchange after the firm was placed under administration on Friday. A public notice said shares of the cement-maker will remain suspended from […]
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