Effects of Covid-19 scourge have seen a decrease in volume and value of mergers and acquisitions across Africa in the first half of this years, says a law firm. However, the company says recent partnerships of African countries with global economies should be cause for optimism as it is likely to brighten the continent’s prospects […]
Jubilee Holdings Ltd has announced a total dividend of Sh652.3 million of Sh9 per share for the financial year ended December 2019. The firm will also release a final dividend payout of Sh579.8 million of Sh8 per share tomorrow. This is expected to offer relief to many shareholders who have borne the ravages of Covid-19. […]
On Monday, Kakuzi emerged as the top gainer of the day at the Nairobi Securities Exchange (NSE) with 9.76 percent at the price of 360.00 shillings per share. Sasini Tea and Coffee, and Williamson Tea Kenya gained 6.75 and 4.56 percent at the price of 17.40 and 143.25 shillings per share respectively. Eveready East Africa […]
NAIROBI, Kenya, Jul 23 – Jubilee Holdings Limited has announced a total dividend of Sh652.3 million of Sh9 per share for the financial year ended December 2019. The final dividend payout of Sh579.8 Million of Sh8 per share, which will be released tomorrow, will be a pleasant relief to many shareholders who have borne the […]
Mergers and acquisitions (M&A) have decreased across Africa in the first half of 2020 in terms of both volume and value, with some exceptions in Nigeria. Going forward, dark clouds remain over the M&A market in Africa in the short-term, with economic uncertainty likely to cause a reduction in foreign investment in Africa. However, recent […]
Jubilee Holdings Limited (JHL) has purchased a further 9.44 percent interest in Bujagali’s equity from the technical partner’s SN Power for a consideration of US$ 40 million (KES 4.2 Billion). This transaction increases JHL shareholding in Bujagali Energy Limited (BEL), the special purpose company that owns the 250MW Bujagali Hydropower Project (“Bujagali”), from 8.8 percent […]
Jubilee Holdings Chairman Nizar Juma. FILE PHOTO | NMG Jubilee Holding has bought an additional 9.44 percent stake in Uganda’s Bujagali Energy Limited (BEL) for Sh4.2 billion ($40 million), doubling its ownership in the hydroelectric power plant. The firm announced Tuesday it bought more shares from its technical partners, SN Power, in the 250-megawatt Bujagali […]
Jubilee Holdings Limited (JHL) has purchased a further 9.44% interest in Bujagali’s equity from the technical partners SN Power for a consideration of Ksh 4.2 Billion (US$ 40 million). This transaction increases JHL shareholding in Bujagali Energy Limited (BEL), the special purpose company that owns the 250MW Bujagali Hydropower Project (“Bujagali”), from 8.8% to 18.24%. […]
Regional insurer Jubilee Holdings Limited (JHL) has acquired an additional 9.44 percent stake in Bujagali Energy Ltd (BEL), increasing its shareholding in the Ugandan-based firm to 18.24 percent from 8.8 percent. The shares valued at $40 million were held by the technical partners SN Power. SN Power, which remains with an economic majority of 55.45 […]
NAIROBI, Kenya, Jul 3 – Jubilee Holdings Limited (JHL) has purchased a further 9.44 percent interest in Bujagali’s equity from the technical partners SN Power for a consideration of US$ 40 million (Sh4.2 billion). This transaction increases JHL’s shareholding in Bujagali Energy Limited (BEL), the special purpose company that owns the 250MW Bujagali Hydropower Project […]
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