NSE extends NBV suspension until restructuring is completed

NSE extends NBV suspension until restructuring is completed

PHOTO. | File The Nairobi Securities Exchange (NSE) has extended the suspension of Nairobi Business Ventures (NBV) from trading on the bourse. NSE says the extension will allow for completion of the company’s restructuring process that includes a share split, allotment, and issuance of shares to Delta International FZE. A notice from the securities exchange […]

Kenya: NSE Extends Suspension of NBV From Trading On the Bourse Untill November 30

Kenya: NSE Extends Suspension of NBV From Trading On the Bourse Untill November 30

Nairobi — The Nairobi Securities Exchange has extended the suspension of Nairobi Business Ventures from trading on the bourse until 30th November 2020. The extension of suspension was approved and issued by the Capital Market Authority. NSE through a statement said the extension is meant to give NBV time to complete its restricting exercise on […]

Shreeji Chemicals owner to enter cement business

Shreeji Chemicals owner to enter cement business

Delta International FZE, the owner of multiple businesses including Shreeji Chemicals, is set to enter Kenya’s highly competitive cement business. Ahead of the construction of a cement plant, the company is spending Sh83 million to acquire an 84 percent stake in Nairobi Securities Exchange-listed Nairobi Business Ventures (NBV) whose shoe retailing business has collapsed. This […]