Smaller firms at the Nairobi Securities Exchange (NSE) led by Uganda's electricity distributor Umeme had the highest stock price gains in the three months to March.
Limuru Tea sale lifts lid on undervalued firms businessdailyafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessdailyafrica.com Daily Mail and Mail on Sunday newspapers.
Agricultural companies have the worst corporate governance record among listed companies, a new report by the Capital Markets Authority (CMA) has said.
Farmers replace property developers as biggest loan defaulters in Covid-19 era
Summary
About 23.67 percent of outstanding Sh109 billion loans advanced to the sector were not being serviced as of the end of March compared to 16.03 percent a year earlier, making it the sector with the highest non-performing loans (NPL) ratio.
Agriculture’s NPL ratio marginally zoomed past building and construction (23.52 percent) and trade (19.14 percent) sectors, latest Central Bank of Kenya industry statistics shows.
Analysts attribute the elevated defaults on loan repayments in agriculture to depressed demand from sectors such as hospitality, which was hardest hit by the restrictions and shutdowns imposed to stem the spread of the pandemic.