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NSE investors lose Sh86bn in State-controlled firms
The Nairobi Securities Exchange: The fortunes of these companies have dipped despite some of them operating as virtual monopolies, enjoying government backing and offering essential goods and services. FILE PHOTO | NMG
Six State-controlled and Nairobi Securities Exchange-listed firms have caused investors a combined paper loss of Sh86 billion in the past five years alone, underlining the effect of corruption and gross mismanagement that has driven some of them to near collapse.
East African Portland Cement Company (EAPCC) #ticker:PORT, National Bank of Kenya (NBK) #ticker:NBK, Kenya Airways (KQ) #ticker:KQ, Kenya Power #ticker:KPLC, Mumias Sugar Company #ticker:MSC and Uchumi Supermarkets #ticker:UCHM had a combined market value of Sh113.6 billion on November 1, 2013.
