 | |
| Type | Public company KN: LKL |
|---|---|
| Industry | Publishing |
| Founded | 1965 |
| Headquarters | Funzi Road Industrial Area Nairobi, Kenya |
Key people | Maxwell Wahome Group Managing Director Francis Thombe Nyammo Group Chairman |
| Website | Homepage |
| | |
| Type | Public company KN: LKL |
|---|---|
| Industry | Publishing |
| Founded | 1965 |
| Headquarters | Funzi Road Industrial Area Nairobi, Kenya |
Key people | Maxwell Wahome Group Managing Director Francis Thombe Nyammo Group Chairman |
| Website | Homepage |
Longhorn Publishers PLC is a Pan-African publishing house that is publicly listed in the Nairobi Securities Exchange. The company has grown its dominance in the publishing sector by establishing its presence throughout the region.
In the East African region, the company has fully incorporated subsidiaries in Uganda, Tanzania, Rwanda, and Zambia. Through distributor agreements, the company has been able to expand its operations across the African continent to include Malawi, Zambia, South Sudan, and Senegal.
Longhorn Publishers Plc operations commenced in Kenya in May 1965 as Longmans of Kenya a wholly owned subsidiary of Longman Group International of the United Kingdom. Its main business was selling and promotion of Longman publications published in the UK. In December 1969, the company changed the name to Longman Kenya Limited. It was only until the 1970s when the company began printing locally. A government decision in the early 1990s led to the ban of importation of textbooks. This initiative led to reduced margins thus led to Longman gradually reducing its shareholding in the business due to unattractive returns. In 1993, Longman UK fully divested from the company when it sold its remaining 40% shareholding to Kenyan investors including Centum Investment Company. As a result of this divestiture, the company changed its name to Longhorn Kenya Limited. [1]
In October 1995, Longhorn incorporated Longhorn Publishers Uganda as its first foreign subsidiary in Uganda. It later incorporated Longhorn Publishers Tanzania Limited in May 2005. As a sales and promotions outfit for products developed by Longhorn Kenya. Longhorn entered the Rwanda and Malawi markets in 2009 through agents. [1]
Longhorn shares were listed on the NSE on 30 May 2012 through Introduction. [2] This made it the only first publishing firm to go public in an industry valued at KES 12 billion in Kenya alone. [3]
In March 2015, The group announced its intention to re-brand Longhorn Kenya to Longhorn Publishers to give it a regional look before proceeding to cross-list its share on the Dar es Salaam, Uganda and the Rwanda Stock Exchanges. [4]
The companies that comprise Longhorn include the following: [5]
The shares of Longhorn Publishers Plc are traded on the Nairobi Securities Exchange, under the symbol: LKL. The shareholding in the company's stock as at June 30, 2016 was as depicted in the table below: [6]
| Rank | Name of Owner | Percentage Ownership |
|---|---|---|
| 1 | Centum Investment | 60.20 |
| 2 | Pacific Futures and Options Limited | 12.85 |
| 3 | Francis Thombe Nyammo | 5.88 |
| 4 | Halifax Capital Corporation Limited | 4.49 |
| 5 | Kamami Investments Limited | 1.14 |
| 6 | Text Book Centre Limited | 1.05 |
| 7 | Other | 14.39 |
| Total | 100.0 |
The running is overseen by a nine-person board with Francis Thombe Nyammo as the group chairman and Maxwell Wahome as the group managing director. [7]
KCB Bank Kenya Limited is a financial services provider headquartered in Nairobi, Kenya. It is licensed as a commercial bank, by the Central Bank of Kenya, the national banking regulator. The bank has also been running Agency banking model.
The Uganda Securities Exchange (USE) is the principal stock exchange of Uganda. It was founded in June 1997. The USE is operated under the jurisdiction of Uganda's Capital Markets Authority, which in turn reports to the Bank of Uganda, Uganda's central bank.
East African Breweries Limited, commonly referred to as EABL, is a Kenyan-based holding company that manufactures branded beer, spirits, and non-alcoholic beverages.
The Jubilee Insurance Company of Kenya (JICK), mostly known as Jubilee Insurance, is an insurance company in Kenya, which has the largest economy in the East African Community. It is a wholly owned subsidiary of Jubilee Holdings Limited, a multinational insurance holding company, which maintains its headquarters in Nairobi, the capital of Kenya, with subsidiaries in Kenya, Tanzania, Uganda, Burundi, and Mauritius, with plans to expand on the African continent.
KCB Group Limited, also known as the KCB Group, is a financial services holding company based in the African Great Lakes region. The Group's headquarters are in Nairobi, Kenya, with its subsidiaries being KCB Bank Kenya Limited, KCB Bank Burundi Limited, KCB Bank Rwanda Limited, KCB Bank South Sudan Limited, KCB Bank Tanzania Limited, KCB TMB Congo and KCB Bank Uganda Limited.
I&M Holdings Limited, also I&M Bank Group, is a conglomerate comprising banks, an insurance company and investment advisory businesses. The group's headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya, Mauritius, Rwanda, Tanzania and Uganda. The flagship company of the group is I&M Bank Limited, with headquarters in the I&M Bank Tower on Kenyatta Avenue in the central business district of Nairobi, Kenya's capital and largest city.
NCBA Bank Kenya, whose full name is NCBA Bank Kenya Plc, is a commercial bank in Kenya. It is licensed by the Central Bank of Kenya, the country's central bank and national banking regulator.
Commercial Bank of Africa Group is a financial services provider in East Africa. Its headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya, Rwanda, Tanzania, Uganda and Ivory Coast.
NCBA Bank Tanzania Limited, is a merged bank between Commercial Bank of Africa (Tanzania) and NIC Bank Tanzania. It is a commercial bank in Tanzania licensed by the Bank of Tanzania, the central bank and national banking regulator.
Centum Investment Company Plc, commonly known as Centum is a public East African investment company. It operates as an affiliate of the Kenyan government-owned Industrial and Commercial Development Corporation (ICDC).
Equity Bank Rwanda Limited (EBRL), is a commercial bank in Rwanda. The bank is licensed by the National Bank of Rwanda, the central bank and national banking regulator.
NCBA Group Plc, is a financial services conglomerate in East and West Africa. The Group's headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya, Tanzania, Rwanda, Uganda and Ivory Coast.
Old Mutual Holdings Plc, Formally known as UAP Holdings Limited, is an investment, retirement, and insurance group that operates mainly in Eastern Africa. UAP Holdings is one of the leading insurance and financial services groups in eastern Africa with a network of branches and operational subsidiaries spread across the greater eastern and central Africa regions.
Britam Holding PLC is a leading diversified financial services group and is listed on the Nairobi Securities Exchange. The group has presence in seven Africa countries in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique and Malawi.
CIC Insurance Group Limited, commonly referred to as CIC Group, is an insurance and investment group that operates mainly in Kenya, Uganda, South Sudan and Malawi. CIC Group has a network of branches and operational subsidiaries spread across the 4 countries.
Equity Group Holdings Limited (EGHL), formerly Equity Bank Group, is a financial services holding company based in the African Great Lakes region. EGHL's headquarters are in Nairobi, Kenya, with subsidiaries in Kenya, Uganda, Tanzania, South Sudan, Rwanda, Democratic Republic of the Congo and a representative office in Ethiopia.
Jubilee Holdings Limited is a financial services holding company, with its headquarters in Nairobi, Kenya. The company maintains subsidiaries in Kenya, Uganda, Tanzania, Burundi, and Mauritius. Its activities are mainly in the insurance sector.
WPP-Scangroup is a subsidiary of WPP and is listed on the Nairobi Securities Exchange. It is the largest marketing and communication group operating a multi-agency model across multiple disciplines in Sub-Saharan Africa. The group comprises the ad agencies Ogilvy Africa, SCANAD, JWT and BluePrint Marketing; media firms GroupM, MediaCom Africa, Mindshare and MEC; public relations agencies Ogilvy PR and H+K Strategies; market research agency Millward Brown; specialty communication firms Roundtrip and Geometry Global; and digital companies OgilvyOne, Squad Digital and SCANAD Digital. In all, over 1200 people are employed across the various organizations.
KenolKobil Plc, is a pan African downstream oil company. The group's operations span seven countries across Eastern, Central and Southern Africa and encompass the supply, storage, distribution and retail of a wide range of petroleum products.
Diamond Trust Bank Tanzania Plc (DTBT) is a commercial bank in Tanzania, licensed by the Bank of Tanzania.