NBV at Sh6.7bn market cap after reverse takeover

NBV at Sh6.7bn market cap after reverse takeover

The market valuation of Nairobi Business Ventures (NBV) has settled at Sh6.7 billion, three months after the completion of its reverse takeover by Delta International FZE, which has introduced new subsidiaries to the entity. Delta International’s takeover has come with an increase in NBV’s issued shares at the Nairobi Securities Exchange (NSE) #ticker:NSE to 1.35 […]

NBV reports record profit as recent acquisitions begin to pay off

NBV reports record profit as recent acquisitions begin to pay off

L-R:NSE CEO Geoffrey Odundo NBV Chairman Haresh Soni, NSE Chairman Kiprono Kittony and ABC Group Managing Director Shamaz Savani at NBV’s bell ringing ceremony. NBV listed an additional 415 million shares on the NSE/ Listed company Nairobi Business Ventures (NBV) Plc has reported a half year turnover of Sh485.3 million up from Sh7.62 million posted […]

Nairobi Business Ventures acquires 4 Kenyan Firms for Ksh. 3 Billion

Nairobi Business Ventures acquires 4 Kenyan Firms for Ksh. 3 Billion

Nairobi Business Ventures (NBV) has completed the 100% acquisition of four businesses in Kenya. The Ksh. 3 billion transactions involves acquisition of > Delta Automobile, a heavy commercial vehicle maintenance company Air Direct, an aviation company Aviation Management Solutions Limited An 11.33 hectares parcel of land in Machakos County to be used to set up […]

Nairobi Business Ventures completes Sh3b entities buyout

Nairobi Business Ventures completes Sh3b entities buyout

The transaction was overseen by ABC Capital Ltd. [Courtesy] Nairobi Business Ventures (NBV) has completed the acquisition of four new business lines valued at Sh3 billion. This comes weeks after the listed shoe firm received shareholders’ nod to proceed with the acquisition of business entities dealing in cement manufacturing, vehicle and aircraft repairs. In a […]

Nairobi Business Ventures concludes buyout of Delta International businesses

Nairobi Business Ventures concludes buyout of Delta International businesses

Nairobi Business Ventures (NBV) has finalised the acquisition of four businesses linked to Delta International valued at Sh3 billion. The Nairobi Securities Exchange (NSE) listed firm now fully controls Delta Automobile, a heavy commercial vehicle maintenance company in Kenya and Air Direct, a newly established aviation firm in Kenya. It has also taken control of […]

Investors' wealth at NSE up Sh630bn in third quarter

Investors’ wealth at NSE up Sh630bn in third quarter

NSE chief executive Geoffrey Odundo monitors daily trading at the Nairobi Bourse/ Shareholders’ wealth at the Nairobi Securities Exchange hit the highest level ever on a year-on-year basis in the first nine months of 2021, driven by recovery from the effects of Covid-19. The Capital Market Authority’s Q3 statistical bulletin shows market capitalisation at the […]