Kenya banknotes. Listed property fund ILAM Fahari I-REIT posted a 16 per cent fall in profit for the year ended December 2020, attributed to the revaluation of property on a year hammered by the Covid-19 pandemic. This saw its net profit stand at Sh148 million compared to Sh175.2 million recorded the previous year. The firm’s […]
Listed property fund ILAM Fahari I-REIT posted a 16 per cent fall in profit for the year ended December 2020 attributed to the revaluation of property on a year that also saw interruption from the Covid-19 pandemic. Net profit fell by Sh148 million compared to Sh175.2 million recorded the previous year. “The real estate market […]
The Nation Media Group was the top gainer of the day at the Nairobi Securities Exchange (NSE) on Tuesday, March 2, 2020, with 9.89 percent at the price of 19.45 shillings per share. Kenya Re-Insurance was the second top gainer with 4.84 percent at the price of 2.60 shillings per share followed by Longhorn Publishers […]
Asset managers have welcomed the establishment of more real estate investments trusts (Reits) to deepen the housing sector. Reits are regulated property funds where investors pool cash and are able to earn profits from the incomes generated from the real estate investments. ICEA Lion Asset Management Chief Executive Einstein Kihanda said that one of the […]
By Charles Abuede East Africa largest bourse in talks with national treasury for the sale of more stakes in government-owned enterprises Read Also: The chief executive officer of the Nairobi Stock Exchange has revealed the plans of the exchange to expand the Kenyan market with four publicly traded firms in 2021 and many other corporate […]
NSE PLC Chief Executive Officer Geoffrey Odundo during the release of the company’s half year results om August 27 The Nairobi Securities Exchange (NSE) will be seeking an end to a five year dry spell which has seen it go without a listing by initial public offer (IPO) in 2021. This is as market conditions […]
Asset managers have welcomed the establishment of more real estate investments trusts (Reits) to deepen the housing sector. Reits are regulated property funds where investors pool cash and are able to earn profits from the incomes generated from the real estate investments. ICEA Lion Asset Management Chief Executive Einstein Kihanda said that one of the […]
The stock market may stick in the woods for some time, despite stocks prices beginning to react positively with the reopening of the economy. Trading of equities at the Nairobi Securities Exchange (NSE) has been bumpy since the strike of the coronavirus in the country in March, as the period has been characterised by huge […]
November, Monday 2, 2020: Safaricom was the top mover of the day after moving 7.89 million shares at a market capitalization of 1.25 trillion followed by Bamburi Cement with 1.78 million shares at a market capitalization of 8.28 billion shillings. Equity Group moved 1.09million shares at a market capitalization of 125.85 billion shillings while East […]
One of Kenya’s Big Four Agenda is bridging the gap in affordable housing by delivering 500,000 housing units by 2023. This calls for identification of an innovative funding model which may include combined efforts of commercial banks and non-bank finance institutions as well as the capital markets. While housing has traditionally been funded through mortgage […]
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