Kenya’s Capital Markets Authority has put on a watchlist a number of listed companies that are facing liquidity and corporate governance issues, with the possibility of suspending and eventually delisting them from trading. The EastAfrican has learnt that at least eight firms listed on the Nairobi Securities Exchange are facing liquidity and corporate governance challenges […]
Tag: xuga_uchm
Tanzania shares indices closed lower last week
The Dar es Salaam Stock of Exchange (DSE) share indices close down last week down. All share index (DSEI) decreased by 3.48 per cent to 2,433.53 points from 2,437.01 points scored on Thursday while Tanzania Share Index (TSI) went down by 0.07 per cent to 4,100.57 points from 4100.64 points logged the previous day. The […]
The one thing missing in Uchumi AGM agenda: Strategic investor
The retailer had in December postponed its AGM from December 20, 2017, to a later date ostensibly to allow negotiations with a potential investor who was to pump Sh3.5 billion in Uchumi as part of a turnaround plan/FILE The retailer had in December postponed its AGM from December 20, 2017, to a later date ostensibly […]
South African giant, Shoprite swoops in as Kenyan retailers falter
South Africa’s retail chain, Shoprite Holdings, plans to take advantage of disarray in Kenya’s grocery sector to open its first stores in the major East African market this year. Two of Kenya’s three top retailers – Uchumi Supermarkets and former regional giant, Nakumatt – are failing, opening the door to chains such as Shoprite and […]
Uchumi closes 24th branch in three years
Uchumi Supermarkets’ closure of its prime Sarit Centre store has seen the retailer’s branch count drop by two thirds to 16 in just three years, reflecting its dwindling fortunes. The struggling retailer, which has operated the Sarit store for over three decades, said it resorted to shutting it down as part its cost-cutting and restructuring […]
Rwanda Share Index Drops 1.06%
The benchmark for local index closed 132.13 points on Friday lower than 133.53 recorded on February 16. The All Share Index was also down at 133.02 compared to 133.21 points, according to the Rwanda Stock Exchange (RSE) market report. The decline can be attributable to drop in Bank of Kigali share price that closed at […]
Kenya bourse turnover plummets as local investors dominate
Equity turnover at the Nairobi Securities Exchange (NSE) declined 51 percent on Thursday in a session dominated by local investors as foreigners kept off. Turnover stood at 3.6 million U.S. dollars on a volume of 11 million shares, down from 7.6 million dollars on 31 million shares on Wednesday. Local investors’ participation stood at 65 […]
Rwanda: Share Index Down 0.82%
Rwanda Stock Exchange (RSE) recorded a total turnover of over Rwf11.7 million from 123,200 shares traded in six deals during yesterday’s trading session. The bond market was quiet. According to the RSE daily market report for Monday, Bank of Kigali counter realised Rwf290,000 in turnover from 1,000 shares traded in one deal at Rwf290. This […]