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Monday, April 24, 2023
Sasini of Kenya Falls to 1-Month Low on Profit, Tea-Price Drop
Sasini Ltd., a Kenyan tea and coffee producer, fell to its lowest price in a month after saying on Dec. 9 full-year profit declined 40 percent to 526 million shillings ($6.96 million) and tea prices fell from a record.
The stock lost 65 cents, or 8.5 percent, to 7 shillings, its lowest level since Nov. 9. A close at this price would represent the steepest fall since Jan. 30.
African tea prices fell 7.4 percent from a record at the world’s biggest auction of the leaves in Mombasa, Kenya, Africa Tea Brokers Ltd. said yesterday.
Tea output in the East African country fell 11 percent to 242.2 million kilograms in the first 10 months from the same period a year earlier, the Tea Board of Kenya said Nov. 23. Global tea production is expected to be lower than last year because of unfavorable weather in major growing countries, including Sri Lanka and Kenya, the board said Oct. 30.
To contact the reporter on this story: Eric Ombok in Nairobi at eombok@bloomberg.net
Source:bloomberg.com/
The stock lost 65 cents, or 8.5 percent, to 7 shillings, its lowest level since Nov. 9. A close at this price would represent the steepest fall since Jan. 30.
African tea prices fell 7.4 percent from a record at the world’s biggest auction of the leaves in Mombasa, Kenya, Africa Tea Brokers Ltd. said yesterday.
Tea output in the East African country fell 11 percent to 242.2 million kilograms in the first 10 months from the same period a year earlier, the Tea Board of Kenya said Nov. 23. Global tea production is expected to be lower than last year because of unfavorable weather in major growing countries, including Sri Lanka and Kenya, the board said Oct. 30.
To contact the reporter on this story: Eric Ombok in Nairobi at eombok@bloomberg.net
Source:bloomberg.com/
Sunday, October 16, 2022
Sarah Cohen calls for Kinoti’s prosecution after evidence falsification claim
The body of tycoon Cohen who was aged 71 at the time of his death was found in an underground water storage initially thought to have been a septic tank at his Kitisuru home in Nairobi on September 13, 2019.
Kinoti who was at helm of the investigative agency at the time visited the
Kinoti who was at helm of the investigative agency at the time visited the
Amin Mohamed: From Arresting Police Officers to DCI Boss
His appointment was documented in a special Gazette Notice dated Friday, October 14.
"In exercise of the powers conferred by section 30 of National Police Service Act,2011, William Ruto, President of the Republic of Kenya and Commander in chief of the Defense Forces appoint Amin
"In exercise of the powers conferred by section 30 of National Police Service Act,2011, William Ruto, President of the Republic of Kenya and Commander in chief of the Defense Forces appoint Amin
Ugandan president fires son from military role after ‘capture Nairobi’ tweet
The Ugandan president, Yoweri Museveni, has fired his son as commander of the country’s infantry forces after the son tweeted an unprovoked threat to capture the capital of neighbouring Kenya, drawing widespread concern in east Africa.
Lt Gen Muhoozi Kainerugaba, labelled “the tweeti
Lt Gen Muhoozi Kainerugaba, labelled “the tweeti
Nairobi on high alert over fears of cholera outbreak in Kiambu
Nairobi county is on high alert over reports of a possible cholera outbreak in the neighbouring Kiambu county.
The Health ministry on Thursday said the reports have been received but tests are ongoing to confirm whether there is an outbreak.
"We are waiting to see whether this
The Health ministry on Thursday said the reports have been received but tests are ongoing to confirm whether there is an outbreak.
"We are waiting to see whether this
City Hall invites public views on hawking within CBD
The Nairobi county government has invited members of the public to give their views on hawking within the city’s Central Business District.
In a gazette notice dated October 14, 2022 , Nairobi county secretary Jairus Musumba invited all interested parties including the hawkers to
In a gazette notice dated October 14, 2022 , Nairobi county secretary Jairus Musumba invited all interested parties including the hawkers to
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