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16-622: The EastAfrican is a weekly newspaper published in Kenya since November 7, 1994, by the Nation Media Group , which also publishes Kenya's national Daily Nation . The EastAfrican also circulates in the other countries of the African Great Lakes region, including Tanzania , Uganda, and Rwanda . It contains stories and in-depth analysis from each country in the region, in addition to international stories. In 1993,

32-474: Is a stub . You can help Misplaced Pages by expanding it . Nation Media Group Nation Media Group ( NMG ), formerly known as East African Newspapers (Nation Series) Ltd , is an East African media group based in Kenya and listed on the Nairobi Stock Exchange . It is owned by Aga Khan IV . NMG was founded in 1959 by Aga Khan IV as East African Newspapers (Nation Series) Ltd, under

48-733: Is a member of the African Stock Exchanges Association . The USE operates in close association with the Dar es Salaam Stock Exchange in Tanzania , the Rwanda Stock Exchange , and the Nairobi Stock Exchange in Kenya . According to published reports in 2013, there were plans to integrate the four exchanges to form a single East African bourse. Uganda All Stock Index (ALSIUG) is the benchmark Index of

64-665: Is listed primarily on the USE and is crosslisted on the Nairobi Stock Exchange. (6) Equity Group Holdings Limited is listed primarily on the Nairobi Stock Exchange (2006). It is crosslisted on the USE (2009) and the Rwanda Stock Exchange (2015). (7) In February 2015, Ugandan media indicated that both Housing Finance Bank and Crane Bank, which had intended to list their shares on the USE, have since changed their plans and put their IPOs on hold. The exchange

80-408: Is owned by 16 stock brokers. In August 2016, a law was passed to allow the owners to sell shares in the stock exchange to members of the public through an initial public offering . On 18 May 2017, the USE demutualised and registered as a "public company, limited by shares". Its authorised share capital is USh  1 billion, consisting of 100 million shares of 10/ = each. At incorporation,

96-610: The Aga Khan Fund for Economic Development . In 1999, NMG launched NTV , a news channel in Kenya, and Easy FM (now known as Nation FM). As of 2007 the group was the largest private media house in East and Central Africa , with offices in Kenya, Uganda, and Tanzania. The group publications include: The Daily Nation and its Sunday edition, the Sunday Nation , celebrated their 50th anniversaries in 2010, branded by

112-601: The Group are listed at the Nairobi Stock Exchange and are cross-listed at the Uganda Securities Exchange as well as the Rwanda Stock Exchange , trading at all three bourses under the symbol "NMG". As of December 2014, there were a total of 10,436 shareholders in the company. Of these, 4,135, owned 1 to 500 shares each, with a cumulative total of 782,157 shares, controlling 0.41 percent of the company. The seven largest shareholders controlled 62.57 percent of

128-556: The Nairobi Stock Exchange and are cross-listed on the Uganda Securities Exchange and on the Dar es Salaam Stock Exchange. (2) Centum Investment Company Limited, Equity Group Holdings Limited, and Jubilee Holdings are listed primarily on the Nairobi Stock Exchange and are crosslisted on the USE. (3) Kenya Commercial Bank Group and Nation Media Group are listed primarily on the Nairobi Stock Exchange and are crosslisted on

144-591: The Nation Group's managing editor , Wangethi Mwangi , requested experienced British journalist Gerry Loughran to return to Kenya to establish a regional newspaper. Joined by future editor Joseph Odindo and future marketing manager Jerry Okungu , Loughran traveled to Nairobi , Mombasa , Kisumu , Kampala , Arusha , Dar es Salaam , and Zanzibar to discuss a newspaper's establishment with readers, advertisers, and distributors. Its name originated with Lough's suggestion: with "EastAfrican" signifying unity and

160-763: The Nation Media Group as "50 Golden Years". Regional Presence As of 2016 NMG owned a 76.5% stake in the Monitor Publications Limited and 93.3 KFM, a Kampala -based radio station in Uganda. It also owns two television stations in the country, NTV Uganda and Spark TV. NMG also has a 60% shareholding in Mwananchi Communications Limited' in Tanzania. The group's East African subsidiaries, especially

176-530: The Tanzanian business, contribute significantly to growth in the group. In March 2016, NMG commissioned a new state-of-the art printing press on Mombasa Road in Nairobi. The new facility has capacity to print 86,000 newspapers per hour. It cost KSh2 billion (about US$ 20 million) and will print the dailies Daily Nation , Business Daily , Taifa Leo and the weekly The EastAfrican . The shares of stock of

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192-455: The USE, the Dar es Salaam Stock Exchange, and the Rwanda Stock Exchange. (4) Uchumi Supermarkets, a regional supermarket retailer with headquarters in Nairobi , Kenya, is listed on the Nairobi Stock Exchange, is crosslisted on the USE and the Rwanda Stock Exchange, and plans to crosslist its shares on the Dar es Salaam Stock Exchange. (5) Umeme, the largest electric power distributor in Uganda,

208-621: The Uganda Securities Exchange. A published report in February 2011 claimed that USE would increase trading to five days a week in March 2011. During the first quarter of 2010, the USE adopted the Settlement and Clearing Depository electronic trading system. According to a published report in January 2011, other electronic modalities were being considered for the exchange. In 2010, the USE

224-507: The omission of "nation", an appeal to a transnational audience. As such, staffers were hired, and the publication set up in Kampala, Arusha, and Dar es Saleem. John Githongo and Charles Onyango-Obbo were recruited and operated in Kenya and Kampala, respectively. The first issue was published on 7 November 1994. This African newspaper-related article is a stub . You can help Misplaced Pages by expanding it . This Kenya related article

240-520: The total shareholding. These included: Uganda Securities Exchange The exchange opened to trading in January 1998. At that time, the exchange had just one listing, a bond issued by the East African Development Bank . Trading was limited to only a handful of trades per week. As of July 2014, the USE traded 16 listed local and East African companies and had started the trading of fixed income instruments. The exchange

256-530: Was the best performing stock exchange in Sub-Saharan Africa , with an All-Shares Index return of 74 percent between January and November 2010. On 20 July 2015, the USE initiated its electronic trading platform , backed by three independent data servers, cutting to three days (previously five days) the time it takes to settle trades. As of October 2024 (1) East African Breweries Limited, Kenya Airways and Jubilee Holdings, are primarily listed on

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