The company’s debt increased 5.2 times from Sh14.7 billion a year earlier, making the telco one of the biggest corporate borrowers alongside other firms such as KenGen, Kenya Airways and Kenya Power. Safaricom noted that it held cash and cash equivalents of Sh26.4 billion in the review period, placing its net debt at Sh50.5 billion. […]
source: Africa.com In a major virtual summit with over 1,000 high-level attendees, Africa.com revealed the names of the 50 most senior women in Corporate Africa. The Africa.com Definitive List of Women CEOs is distinguished in that it is data-driven. The researchers started by working with data provided by Bloomberg and evaluating the over 1,400 companies […]
National Treasury, Public Debt Management Office Director-General Wohoro Ndoho (centre) rings a bell at Nairobi Securities Exchange (NSE) to launch the listing of M-Akiba bond, an exclusively mobile trade bond. [Jonah Onyango, Standard] The dark cloud that has ominously hung over the corporate bond market seems to be lifting. With three companies – East African […]
Safaricom headquarters on Nairobi’s Waiyaki Way. PHOTO | DIANA NGILA Safaricom’s #ticker:SCOM bank borrowings rose to a record Sh76.9 billion in the half-year ended September as the telco raised funds to pay for its Ethiopian licence besides investing in its operations. The company’s debt increased 5.2 times from Sh14.7 billion a year earlier, making the […]
In a major virtual summit with over 1,000 high-level attendees, Africa.com revealed the names of the 50 most senior women in Corporate Africa. The Africa.com Definitive List of Women CEOs is distinguished in that it is data-driven. The researchers started by working with data provided by Bloomberg and evaluating the over 1,400 companies listed on […]
President Uhuru Kenyatta in Edinburgh, Scotland, during a business meeting with the Scottish Africa Business Association on Wednesday. President Uhuru Kenyatta has urged Scottish investors to take advantage of the improving business environment in Kenya to invest more in the country and the African continent. At the same time, the President thanked the investors for […]
Retail investors on the Nairobi Securities Exchange (NSE) have used 52.4 percent of their shares to secure bank loans, indicating that less than half of small investors’ portfolio represent actual wealth. A report by the Capital Markets Authority (CMA) shows that individuals pledged a total of 6.52 billion shares in the quarter ended September, up […]
WHAT an eventful week for the Dar es Salaam Stock Market as banks and the Exchange released their quarter three results, the cement sector announcing a major acquisition, while JATU gives a roadmap of the next five years for the company, and most of this have been nothing short of amazing news. Despite the all-round […]
An employee inspects bottles of beer on a conveyor belt at the production line inside the East African Breweries Limited factory in Ruaraka factory in Nairobi, Kenya April 6, 2018. REUTERS/Thomas Mukoya East African Breweries PLC (EABL) has announced that it received applications for Notes amounting to Ksh. 37.9 billion for its Ksh. 11 billion […]
East African Breweries Limited (EABL)’s KSh 11 billion corporate bond has started trading at the Nairobi Securities Exchange The five-year, fixed-rate instrument is offered at an interest rate of 12.25% payable semi-annually The funds will be used to finance investments in expanding production and repay debts East African Breweries Plc’s KSh 11 billion Medium-Term Note […]
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