Delta International FZE, the owner of multiple businesses including Shreeji Chemicals, is set to enter Kenya’s highly competitive cement business. Ahead of the construction of a cement plant, the company is spending Sh83 million to acquire an 84 percent stake in Nairobi Securities Exchange-listed Nairobi Business Ventures (NBV) whose shoe retailing business has collapsed. This […]
National Cement Company, owned by billionaire businessman Narendra Raval, Wednesday paid Sh5 billion to complete its purchase of ARM Cement assets in Kenya. The money was paid to ARM’s administrators, PricewaterhouseCoopers (PwC), which was appointed by creditors to run the company after it defaulted on banks and bondholders. “We have paid $50 million (Sh5 billion) […]
Preference for the five biggest stocks traded at the Nairobi Securities Exchange #ticker:NSE (NSE) has climbed to a 12-year-high, new data has revealed, an indication of growing appetite by investors placing their hopes on only a limited number of counters. On the flip side, the trend also shows that investors are concentrating their risk. Statistics […]
Kenya’s cement exports to East African markets suffered a 67.9 percent slump in the first nine months of 2019, largely blamed on increased production capacity in the region amid a general economic slowdown. Data from the Kenya National Bureau of Statistics (KNBS) shows that Kenyan cement makers sold 41,349 metric tonnes raking in Sh475.2 million […]
Investors at the Nairobi Securities Exchange (NSE) will have to wait longer to know the fate of their funds locked in firms suspended from trading. According to the Capital Markets Authority’s (CMA) quarterly report for the three months ending June this year, a total of six companies out of the 64 listed ones remain suspended […]
Investors at the Nairobi Securities Exchange (NSE) will have to wait longer to know the fate of their funds locked in firms suspended from trading. According to the Capital Markets Authority’s (CMA) quarterly report for the three months ending June this year, a total of six companies out of the 64 listed ones remain suspended […]
What you need to know: For Alois Chami, a vocal and self-taught investor who joined the Nairobi bourse in 1973, he had one strategy: spread risks across all counters. But now he says for many of his counters, waiting for dividends has become like watching the grass grow; sometimes it withers. And now investors are […]
Investors at the Nairobi Securities Exchange (NSE) will have to wait longer to know the fate of their funds locked in firms suspended from trading. According to the Capital Markets Authority’s (CMA) quarterly report for the three months ending June this year, a total of six companies out of the 64 listed ones remain suspended […]
Nairobi securities Exchange (NSE) trading floor (BEVERLYNE MUSILI) NAIROBI, KENYA : The Nairobi Securities Exchange has reviewed the constituent counters of its NSE 20 and 25 Share Index, with effect from April 3. The review of the NSE 20 share index incorporates the inclusion of Kenya Reinsurance Corporation Limited, NIC Group Plc and Nairobi Securities […]
With overcapacity and pricing pressures weighing in on the east African cement industry, cement producers are setting their sights on the return of strong demand by 2023. In the meantime, will they prepare by taking up a stronger position, possibly through industry consolidation? By Standard Investment Bank, Kenya. The Tanzanian cement industry is expected to […]
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