Unilever to Set up Separate Entity to Manage its Tea Business
Unilever has announced plans to create a separate entity to manage its tea brands and tea estates. The firm says the decision was reached after a strategic review of the [...]
Global Markets Weekly Report
Wallstreet Major stocks on Wallstreet fell at close on Friday driven by escalating geopolitical tensions amid worries that postponed reopenings and renewed shutdowns induced by the pandemic will drag recovery [...]
UK-based Diageo Plc consolidates its shareholding in EABL
London-based Diageo Plc, a multinational alcoholic beverages company listed on the London and New York Stock Exchanges, has moved to consolidate its shareholding in East African Breweries Limited (EABL). In [...]
Serena Hotel Chain Reports KSh 640.9 Million Half-Year Net Loss
Listed hospitality firm TPS Eastern Africa and operator of Serena Hotels has registered a Net loss of KSh 640.9 Million for the half-year period ended 30th June 2020. Serena is [...]CBK Accepts Treasury Bills Worth KSh 35.8 Billion
This month, the Central Bank of Kenya(CBK) received bids worth KSh 35.9 Billion from the 91 days, 182 days, and 364 days Treasury Bills, representing a subscription rate of 149.6%. [...]Vodacom's 1st Quarter Revenues up 7.6%
South African mobile operator Vodacom Group Limited has reported a 7.6% rise in Q1 revenue for the period ended 30th, June 2020. Group Revenues rose from US$1,045.98 Million in Q1, [...]Wallstreet Closes Higher, Tesla Microsoft Earnings
Wallstreet closed higher on Wednesday's trading session amid rising tensions between the US and China as well as concerns of a second wave of the coronavirus outbreak. On Wednesday, the [...]Demand for Kenya's Flowers Recovers to 85%
Demand for Kenya's flowers has recovered to almost 85 percent according to the Kenya Flowers Council. Kenya Flower Council CEO Clement Tulezi attributes the rise in demand to the reopening [...]Kenya Shilling Weakens to an All-Time Low Against US Dollar
The Kenyan Shilling (KES) on Tuesday slid to an all-time low of 107.9400 against the US Dollar driven by demand for the greenback as importers, including manufacturers and energy marketers [...]
Kenya Power Appoints Five new Board Directors
The Board of Kenya Power and Lighting Company PLC (Kenya Power) has appointed Eng. Abdulrazaq Ali, Eng. Elizabeth A. Rogo, Caroline Kittony-Waiyaki, Vivienne A. Yeda and Sachen Gudka as Non-Executive [...]Tuskys Pays KSh 2.77 B To Suppliers, Eyes a Strategic Investor
Tusker Mattresses Limited (Tuskys) paid KSh 2.77 billion to its suppliers in June, following an order from the Competition Authority of Kenya (CAK). The retailer is seeking alternative funding options, [...]Kiprono Kittony Appointed as NSE Board Chair
The Nairobi Securities Exchange (NSE) Board has appointed Kiprono Kittony as its chairperson, following theresignation of Samuel Kimani on 13th July. Samuel held the role for four years and he [...]
