Safaricom’s allure poses headache for big investors

Safaricom’s allure poses headache for big investors

Safaricom Chief Executive Officer Peter Ndegwa. [Wilberforce Okwiri,Standard] Mobile phone operator Safaricom is indisputably the most profitable company in Eastern and Central Africa. No company comes close to the telco, which recently made an incursion into Ethiopia after Addis Ababa liberalised its telecommunications sector. Yet, Safaricom’s dominance does not end in the goods and services […]

Kenya: Rabars Reveals Sh294m Net Worth in Homeboyz

Kenya: Rabars Reveals Sh294m Net Worth in Homeboyz

The Rabar family has revealed its Sh294.5 million fortune in Homeboyz Entertainment (HBE) as they defied Covid-19 headwinds to list the company on the Nairobi bourse yesterday. The listing statement puts each share of the company at Sh4.66 with the former DJ-turned entertainment and events organiser Myke Rabar holding 35.612 million shares worth Sh165.95 million. […]

Rabars reveals Sh294m net worth in Homeboyz

Rabars reveals Sh294m net worth in Homeboyz

The Rabar family has revealed its Sh294.5 million fortune in Homeboyz Entertainment (HBE) as they defied Covid-19 headwinds to list the company on the Nairobi bourse yesterday. The listing statement puts each share of the company at Sh4.66 with the former DJ-turned entertainment and events organiser Myke Rabar holding 35.612 million shares worth Sh165.95 million. […]

CMA wants NSE listing for firms eyeing State Covid funds

CMA wants NSE listing for firms eyeing State Covid funds

CMA director of policy and regulation Luke Ombara. FILE PHOTO | NMG The Capital Markets Authority (CMA) has proposed mandatory listing on the Nairobi Securities Exchange (NSE) by small businesses eyeing funds from the State-backed credit guarantee scheme. CMA director of policy and regulation Luke Ombara said such listings would improve corporate governance and transparency […]