Narendra Raval, chairman, Devki Group of Companies during an interview at his Ruiru office on April 19, 2021. PHOTO | DIANA NGILA | NMG Steel tycoon Narendra Raval is seeking to revive Mumias Sugar through a leasing deal that seeks to save the once top miller. Mr Raval, who founded Kenyan steel and cement manufacturer […]
With four counters suspended and more companies leaving the Nairobi Securities Exchange(NSE) than those joining, poor off-take of new products and a market so concentrated that one company matches the value of all the other 60 companies, Kenya’s capital market is in a sorry state. The bond market has been ripped by scandals after investors […]
The Nairobi Securities Exchange electronic trading screen (PHOTO: FILE) Investment firm Kestrel Capital East Africa is shutting down its fund management business in a move that will see one of the most prolific names at the Nairobi Securities Exchange bow out. In a Kenya Gazette notice on Friday, the Capital Markets Authority (CMA) said Kestrel […]
The Nairobi Securities Exchange electronic trading screen (PHOTO: FILE) Investment firm Kestrel Capital East Africa is shutting down its fund management business in a move that will see one of the most prolific names at the Nairobi Securities Exchange bow out. In a Kenya Gazette notice on Friday, the Capital Markets Authority (CMA) said Kestrel […]
The Nairobi Securities Exchange electronic trading screen (PHOTO: FILE) Investment firm Kestrel Capital East Africa is shutting down its fund management business in a move that will see one of the most prolific names at the Nairobi Securities Exchange bow out. In a Kenya Gazette notice on Friday, the Capital Markets Authority (CMA) said Kestrel […]
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 […]
National Cement Company, owned by billionaire businessman Narendra Raval, Wednesday paid Sh5 billion to complete its purchase of ARM Cement assets in Kenya. The money was paid to ARM’s administrators, PricewaterhouseCoopers (PwC), which was appointed by creditors to run the company after it defaulted on banks and bondholders. “We have paid $50 million (Sh5 billion) […]
Kenya’s cement exports to East African markets suffered a 67.9 percent slump in the first nine months of 2019, largely blamed on increased production capacity in the region amid a general economic slowdown. Data from the Kenya National Bureau of Statistics (KNBS) shows that Kenyan cement makers sold 41,349 metric tonnes raking in Sh475.2 million […]
Investors at the Nairobi Securities Exchange (NSE) will have to wait longer to know the fate of their funds locked in firms suspended from trading. According to the Capital Markets Authority’s (CMA) quarterly report for the three months ending June this year, a total of six companies out of the 64 listed ones remain suspended […]
Investors at the Nairobi Securities Exchange (NSE) will have to wait longer to know the fate of their funds locked in firms suspended from trading. According to the Capital Markets Authority’s (CMA) quarterly report for the three months ending June this year, a total of six companies out of the 64 listed ones remain suspended […]
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