Uchumi sends Ciano packing as it launches forensic audit
Uchumi sends Ciano packing as it launches forensic audit Uchumi Supermarkets’ board has let go of chief executive Jonathan Ciano even as it opened a forensic audit into the cash flow problems that have in recent weeks left the retail chain with empty shelves. Owino Ayodo, the general manager, operations,…
Friday’s Morning Brief – Nov 14
Treasury aims to raise KES 15bn with reopening of 15-year paper The National Treasury is seeking to raise KES 15 billion in a 15-year bond sale. The fixed-income paper, which offers 10.25% as interest payable twice a year, closes next Tuesday, November 18. The Treasury has avoided offering such long-dated securities to…
Monday’s Morning Brief – Nov 10
We deliver a summary of important business news in Kenya to you this morning: Family bank reports 66% jump in pre-tax profit to KES 2 billion Family Bank has posted a pre-tax profit of KES 2 billion in the last nine months compared to KES 1.2 billion posted over a similar period last…
Oct 8 Morning Bell: Eveready Rebounds As BAT Slides At The NSE
An update on how companies listed on the Nairobi Securities Exchange (NSE) have performed as at noon today. The winners Eveready East Africa Limited, Olympia Capital Holdings,Kenya Orchards, Unga Group and Total Kenya are the companies whose share price had appreciated the most. Eveready and Olympia…
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