The Capital Markets Authority (CMA) has barred listed firms with negative equity from rolling out share buybacks, locking out cash-strapped companies from the process largely applied to correct perceived undervaluation of stock. The regulator has ruled that directors of the companies which intend to repurchase stock from the market should ensure “assets … are equal […]
Struggling supermarket chain Tuskys has dropped the bid to lease its brand through a franchise after losing most of its stores due to non-payment of debt to landlords and suppliers. The retailer had received approval from the Competition Authority of Kenya (CAK) to allow various independent retailers to trade using its brand at a fee […]
New KCC audit query flags possible loss of billions as processor gives no clear avenue for recovering outstanding debts. New Kenya Cooperative Creameries may not recover Sh764 million owed by several supermarkets, some of which have closed shop and others facing closure. Auditor General Nancy Gathungu has cast doubt on whether the state milk processor […]
Tanzania Agriculture Development Bank (TADB) has signed agreement with Kilimanjaro Co-operative Bank Limited (KCBL) to enable lending small holder farmers in Kilimanjaro Region at affordable interest. The agreement will see 2bn/- being lend to small holder farmers, livestock keepers and fishermen in the region that will contribute immensely to growing their undertakings. It will make […]
Struggling supermarket chain Tuskys has dropped the bid to lease its brand through a franchise after losing most of its stores due to non-payment of debt to landlords and suppliers. The retailer had received approval from the Competition Authority of Kenya (CAK) to allow various independent retailers to trade using its brand at a fee […]
The Capital Markets Authority (CMA) has barred listed firms with negative equity from rolling out share buybacks, locking out cash-strapped companies from the process largely applied to correct perceived undervaluation of stock. The regulator has ruled that directors of the companies which intend to repurchase stock from the market should ensure “assets … are equal […]
Tanzania Agriculture Development Bank (TADB) has signed agreement with Kilimanjaro Co-operative Bank Limited (KCBL) to enable lending small holder farmers in Kilimanjaro Region at affordable interest. The TADB has set aside 2bn/- for lending to small holder farmers, livestock keepers and fishermen in the region that will contribute immensely to growing their undertakings. The agreement […]
Uchumi Supermarkets branch in Nairobi. FILE PHOTO | NMG Investors on Nairobi Securities Exchange (NSE)-listed Uchumi Supermarkets remain in the dark as the troubled retailer is yet to publish its financials for four years in an alarming regulatory breach. The retailer has not released its financials for the year ending June 2018 despite several extensions […]
Uchumi Supermarkets branch in Nairobi. FILE PHOTO | NMG Investors on Nairobi Securities Exchange (NSE)-listed Uchumi Supermarkets remain in the dark as the troubled retailer is yet to publish its financials for four years in an alarming regulatory breach. The retailer has not released its financials for the year ending June 2018 despite several extensions […]
Naivas Supermarket is set to take over more outlets from its struggling rivals before the end of the year as it steps up its aggressive expansion. The first outlet will be at Greenspan Mall in Donholm Nairobi, where Tuskys Supermarket was the anchor tenant until it was kicked out by the landlord after it was […]
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