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Thursday, July 9, 2020

Bizna Reporter

Greek shares free-fall as market reopens

Greece's stock exchange reopened Monday with a drop of more than 22 percent after a five-week shutdown imposed by the country's debt crisis and capital controls. The ATHEX plunged to 615.72 points a few minutes after opening at 0730...

Government to probe KQ over mega loss ahead of Sh. 60 billion bailout bid

The National Treasury will scrutinise Kenya Airways before any bailout plan is put in place after it emerged the firm will require Sh60 billion to bring it back to profitability. The airline has sought the services of both Mackinsey and...

Why small sized heifers lead to poor milk production

Using artificial insemination (AI) allows a dairy farmer access the best bulls in the world so as to get the desired improvements in the daughters born from this bull. For size, this improvement will be seen after birth and...

Bank stocks at NSE lose Sh. 36 billion in value

Bank stocks took a beating at the Nairobi Securities Exchange last week, shedding a further Sh36 billion in collective capitalisation as the market bear run worsened. Standard Chartered shed 8.5 per cent to Sh270 a share, followed by Kenya...

EABL posts Sh. 9.6 billion net profit, pays dividend

East African Breweries has announced a 40 per cent jump in profit for the year ending June 2015 to Sh9.6bn. The brewer credited the growth in profits amidst harsh economic times in the region where it has a large presence...

Why ‘No cash No love’ is the way to go

Urbandictionary.com defines a gold-digger as a man or woman who uses their sex appeal to get money from the opposite sex. The term was borrowed from the California Gold Rush of the 1890s, when miners flocked to the area...

Billionaire Chris Kirubi: take KQ off NSE and give it to key investors

Kirubi who attended the Thursday investor briefing, feels that it was time to stop doing the same thing and expect different results by continuing to pile debts at Kenya Airways and expect it to get back to profitability. He says...

Is KQ headed for collapse?

Kenya Airways plunged into a record Sh25.7 billion loss after tax for the 12 months that ended in March, the worst performance in the country’s corporate history. It has also become one of the highest loss-making companies in East Africa...

TPS Serena records half year loss

Negative travel advisories and the impact of the Ebola crisis in West Africa last year pushed TPS Serena into loss in the first six months of this year. The hotel chain made a loss of Sh97 million in the first...

ARM posts Sh. 355 million loss

Athi River Mining has posted a loss following sharp depreciation of the Kenyan and Tanzania currencies, pushing up the cost of dollar denominated borrowings. The cement maker made a loss of Sh355 million in the first half of 2015 compared...

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