Githunguri Dairy Co-operative Society’s 11,300 farmers delivered 81 million litres of milk. [Sammy Omingo, Standard] Milk production by farmers from Githunguri Dairy Co-operative Society has dropped by 2 million litres amid the rising cost of production . This year, the society’s 11,300 farmers delivered 81 million litres of milk compared to 83 million litres the […]
October 8, 2021 marked the beginning of a new ownership for UBX Tanzania Limited (formerly Business Connexion Tanzania Limited – BCX) when UmojaSwitch Company Limited, which owns a shared network… By Maliki Muunguja More by this Author October 8, 2021 marked the beginning of a new ownership for UBX Tanzania Limited (formerly Business Connexion Tanzania […]
A leading technocrat at the Ministry of Finance, Planning and Economic Development has described as inconsequential the recent bulging exits of multinational companies. Mr Ramathan Ggoobi, the ministry’s Permanent Secretary and Secretary to the Treasury, has described the recent trend as a blessing in disguise that will strengthen the government’s import substitution strategy. Since 2012, […]
NSE chief executive Geoffrey Odundo monitors daily trading at the Nairobi Bourse/ Investors at the Nairobi Securities Exchange (NSE) last month lost almost over Sh60 billion in paper wealth as the Evergrande Group’s crisis hit home. Data from the Nairobi bourse shows market capitalisation dropped to Sh2.78 trillion from Sh2.84 trillion the previous month. Evergrande […]
NSE chief executive Geoffrey Odundo monitors daily trading at the Nairobi Bourse/ Investors at the Nairobi Securities Exchange (NSE) last month lost almost over Sh60 billion in paper wealth as the Evergrande Group’s crisis hit home. Data from the Nairobi bourse shows market capitalisation dropped to Sh2.78 trillion from Sh2.84 trillion the previous month. Evergrande […]
Kenya Power and Lighting Company (KPLC) was the top mover of the day with 10.43 million shares with a market capitalization of 3.34 billion shillings. Safaricom came in second with 2.10 million shares and a capitalization of 1.66 trillion shillings. Nairobi Business Ventures, WPP ScanGroup, and NCBA Group ended the day by moving 244,200, 204,800, […]
KEY POINTS Absa Bank Kenya was the second top mover of the day with 3.06 million with a market capitalization of 57.57 billion shillings. Kenya Power and Lighting, KCB Group, and Stanlib Fahari Income – REIT moved 930,400, 550,500, and 331,900 respectively. The top mover of the day at the Nairobi Securities Exchange (NSE) on […]
Naivas Supermarket is set to take over Uchumi’s city centre outlet in Nairobi and open a new store in Malindi next month, underlining its aggressive expansion plan. The first outlet will be on the Aga Khan Walk within the central business district in Nairobi, which the struggling Uchumi Supermarket previously occupied. The second premise is […]
Naivas opened a new outlet in Juja City Mall, in a space that was previously occupied by Tuskys The retailer is aiming at raising its footprint in the Kenyan retail market amid stiff competition The expansion plans come weeks after Game Store said it was quitting the Kenyan market Naivas Supermarket will increase its footprint […]
Mr Ramathan Ggoobi has described the recent trend as a blessing in disguise that will strengthen the government’s import substitution strategy. A leading technocrat at the Ministry of Finance, Planning and Economic Development has described as inconsequential the recent bulging exits of multinational companies. Mr Ramathan Ggoobi, the ministry’s Permanent Secretary and Secretary to the […]
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