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BAT and Bamburi top club of millionaire counters at bourse As Olympia Capital top investors transfer shares
by Soko Directory Team

BAT and Bamburi top club of millionaire counters at bourse

A steady appreciation of stock prices at the Nairobi Securities Exchange (NSE) has boosted the valuation of a select group of companies turning them into special counters that would make each shareholder a multi-millionaire were the total paper wealth distributed equally among them. Cigarette-maker BAT and Bamburi, a cement firm, with a market capitalisation of KES 79 billion and KES 61.7 billion respectively, top the list of the all-millionaire owners’ club. If BAT’s market value was shared equally among its 5,021 shareholders, each owner would have KES15.7 million of shares, while Bamburi’s 3,064 shareholders would have KES 20.1 million worth of shares each. BAT share price has risen 37 percent this year to a high of KES790 in the past month, leaving each shareholder with an average gain of nearly KES 2 million. Bamburi’s share price has on the other hand dipped 21 percent since January, eating away an average of KE


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Vivo Energy Cuts Market Share Gap With Total and Other News
by Old Mutual Securities

Oil marketer Vivo Energy which sells Shell branded products in Kenya has cut the market share gap with leader Total, which registered flat growth in the first half to June while Kenolkobil lost as per the latest industry data.

Our view: The Petroleum Institute of East Africa (PIEA) data shows that Vivo dislodged KenolKobil which slid to third position with a 13.7% market share. KenolKobil, whose market share drop was the highest, had a firmer grip on the sector in the corresponding period last year with a 16.5% portion. With the stiffening competition this does not augur positively to Kenolkobil domestically and hence the need to secure its local market share where a significant revenue contribution comes from.

 

East African Portland Cement is looking to recruit a Chief finance officer & chief operating officer as it seeks to strengthen its executive team.

Our view: the new organizational structure integrating COO and CFO will help EAPC improve governance and compliance structures and


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Essar Global Fund Limited (“EGFL”) exits its Telecommunications investment in Kenya
by Soko Directory Investments

Essar Capital, the fund manager of Essar Global Fund Limited (“EGFL”), which through its portfolio company Essar Telecom Kenya Limited (ETKL), operates the popular yuMobile telecom service in Kenya, today announced the signing of binding agreements with Safaricom and Airtel for sale of its telecom business in Kenya for approximately US$ 120 million. The divestment will see Safaricom take over ETKL’s Network, IT & Office infrastructure while Airtel will acquire the company’s subscribers.

 

The transaction has received approval from the Communication Authority (CA) in Kenya, subject to all parties involved in the transaction meeting certain pre-conditions. The transaction will now be filed with the Competition Authority of Kenya (CAK) for approval. Essar Capital expects the transaction to conclude during the fourth quarter of 2014. yuMobile will continue to operate and serve customers offering uninterrupted services.

 

yuMobile’s Chief Executive Officer, Madhur Taneja said: “W


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DStv Classic League 2014 season dunks off Sh12 million boost as live broadcast commences
by Soko Directory Investments

DStv and SuperSport have today announced a Sh8m sponsorship to this year’s DStv Classic League 2014 at the Nyayo National Stadium in Nairobi.

At the same time, Menengai Oil Refineries through its brands, Kabras Sugar and Top Fry also announced an additional boost of Sh4million, totaling Sh12 million for the current season.

Among the initiatives announced for the new season are live broadcasts of at least 50 games on SuperSport, weekly magazine shows that focus on players, matches and attractions, among many others. Additionally, a bumper package from the title sponsors of DStv Classic League awaits clubs, fans and subscribers as the season gets midway.
 

Kenya Basketball Federation Chairman, Paul Otula (2nd left) and player representatives receive this Sh8 million league sponsorship from SuperSport East Africa General Manager, Auka Gecheo (right) and MultiChoice Kenya Communication manager, Philip Wahome (2nd right). DStv & Menengai Oil have pumped in Sh12 million to support th


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Jack Daniel’s Tennessee Honey launches in Kenya
by Soko Directory Investments

A new member of the Jack Daniel’s family has been launched in the Kenyan market. The new drink, Jack Daniel’s Tennessee Honey, was officially unveiled on Friday in an exclusive event in Nairobi.
 

While unveiling the new drink Jack Daniel’s Brand Manager Christine Kamau said that the new variant is aimed at giving more variety to the consumer. “The Jack Daniel’s market share has grown significantly and we believe this addition gives our loyal consumers more choice within our family of brands,” she said during the event at the WestHouse boutique hotel.

Ms. Kamau added that she was certain to attract new consumers who haven’t drank whiskey before, with the new variant.
 

Jack Daniel’s Tennessee Honey is a blend of Jack Daniel’s Tennessee Whiskey and a unique honey liqueur, for a taste that’s one-of-a-kind and unmistakably Jack.  “With hints of honey and a finish that’s naturally smooth, Jack Daniel’s Tennessee Honey is something special,” adds Ms. Kamau
 

The folks at Jack Daniel


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