EABL General Managing Director Jane Karuku. [Wilberforce Okwiri, Standard] East African Breweries ’ medium-term note has been oversubscribed by 245 per cent with the brewer receiving Sh37.9 billion. The brewer was looking to raise Sh11 billion in debt in an offer that was open for 15 days beginning October 6, 2021. EABL Group CEO Jane […]
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 […]
Athanas Matheka had always wanted to venture into entrepreneurship from a young age; he was inspired by the East African Breweries’ success story Matheka would later quit employment to pursue that dream; he and his wife started the Greenforest Foods in their tiny kitchen in Umoja Estate, Nairobi Production for Greenforest’s products has since moved […]
Capital Markets Authority has partnered with Nairobi Securities Exchange and Kenya Pension Funds Investment Consortium The deal will see the partners promote the financing of infrastructure projects through the capital markets The Retirement Benefits Authority recently introduced infrastructure as a distinct investment category under the pension fund investment regulations Capital Markets Authority (CMA) has signed […]
Alcohol manufacturers have petitioned the State to increase bar operating period by two hours in the wake of falling Covid-19 infection rates. Alcoholic Beverages Association of Kenya (Abak)—manufacturers lobby—wants the State to have bars opened until 9 pm from the current closing time of 7pm to protect jobs. The lobby’s petition comes at a time […]
25 women were in 2019 ranked among over 125 billionaires in Kenya by the Knight Frank wealth report Whereas some of the top wealthy women succeeded through sheer hard work, others inherited multi-billion family businesses and expanded them Mama Ngina, the matriarch of the Kenyatta family, is ranked the wealthiest woman in Kenya There are […]
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 […]
Women in corporate boards in Kenya have exceeded the global average as the country inches towards gender inclusivity, a new report shows. According to the 2021 Board Diversity and Inclusion report, women in corporate boards in Kenya stand at 36 per cent compared to a 23 per cent global average. The report also noted that […]
East African Breweries Limited (EABL) said yesterday its Sh11 billion bond was oversubscribed by more than three times signalling renewed investor confidence in the previously troubled local bond market. Investors bid a total of Sh37.9 billion in the issuing round, EABL said, representing an oversubscription of 275 percent. “We issued this medium-term note based on […]
President Uhuru Kenyatta has come under pressure to ease Kenya’s Covid-19 restrictions after a sharp decline in infections and hospital admissions reported in recent weeks. Kenya has met a majority of indicators used to downgrade restrictions in line with World Health Organisation (WHO) guidelines, including ICU admissions, positivity rate and deaths. This has seen public […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.