East African Breweries Limited floated KSh 11 billion corporate bond early this month but the medium-term notes were oversubscribed by 245% Capital Markets Authority says this is the single largest non-infrastructure corporate bond and commercial papers offer ever floated in the Kenyan market The funds will be used to finance investments in expanding production and […]
Seven chief executives of Nairobi Securities Exchange-listed firms have served for more than 15 years and are expected to extend their tenure in a market where on average top managers don’t serve in excess of a decade. Flame Tree’s #ticker:FTGH founder, Heril Bangera, has the longest run of 32 years, followed by Car & General’s […]
Centum Real Estate is targeting homeowners and investors with Sh4 million one bedroom houses on Mombasa and Ngong roads, as the firm seeks to increase revenues following the decline in its half year profits. The subsidiary of Centum Investment Company is seeking joint venture (JV) agreements with land owners in construction of housing units along […]
An architect briefs a client. PHOTO | FILE Centum Investment Company’s subsidiary Centum Real Estate is seeking joint venture deals with land owners for construction of affordable houses in Nairobi. Under the JV agreement, landowners on Mombasa Road and Ngong Road near the Junction Mall will provide land as equity and form a special purpose […]
More than half of stock prices at the Nairobi Securities Exchange (NSE) have yet to return to their pre-Covid-19 levels amid the full recovery of the bourse and economic revival from the pandemic-induced slump. Of the 58 actively traded counters, 31 are trading below their closing price on March 12, 2020, when Kenya announced the […]
More than half of stock prices at the Nairobi Securities Exchange (NSE) have yet to return to their pre-Covid-19 levels amid the full recovery of the bourse and economic revival from the pandemic-induced slump. Of the 58 actively traded counters, 31 are trading below their closing price on March 12, 2020, when Kenya announced the […]
Nairobi Securities Exchange trading floor. PHOTO | NMG Firms that have made positive corporate moves in the stock market such as bonus issuances and buyouts like Nairobi Business Ventures (NBV) have also recorded higher gains relative to peers. But investors have punished top firms viewed to struggle under effects of Covid-19, including East Africa Breweries […]
More than half of stock prices at the Nairobi Securities Exchange (NSE) have yet to return to their pre-Covid-19 levels amid the full recovery of the bourse and economic revival from the pandemic-induced slump. Of the 58 actively traded counters, 31 are trading below their closing price on March 12, 2020, when Kenya announced the […]
Centum CEO James Mworia. PHOTO | COURTESY Centum Investments Co. PLC is planning a stake sale of its property subsidiary as it seeks to unlock capital gains while reducing its exposure to the volatility of property prices. According to group chief executive James Mworia, Centum is open to selling part or all of its stake […]
Centum Investment Company Plc plans to take measures to address the firm’s undervaluation on the Nairobi Securities Exchange (NSE) where its stock trades at less than a third of the value of net assets. The company’s board of directors said at the virtual annual general meeting held on Friday that the big valuation gap has […]
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