Loss-making investment firm TransCentury is seeking to delist from the Nairobi Securities Exchange (NSE), saying it needs to meet a precondition for accessing new capital from private equity funds. The proposal to take the company private will be put to a shareholder vote at an extraordinary general meeting to be held via electronic means on […]
TransCentury CEO Ng’ang’a Njiinu (left) hands over the keys to a containerised clinic to Kenyatta National Hospital CEO Evanson Kamuri. FILE PHOTO | NMG The firm, which has operations across East, Central and Southern Africa sought approval from the Capital Markets Authority to delay its financial performance figures for the year 2019 until the end […]
Kenya’s infrastructure investments firm TransCentury Ltd (TCL) has called for an extraordinary general meeting on July 30 seeking shareholders’ approval to delist from the Nairobi Securities Exchange after nine years of falling revenues and plummeting share price in a development. If the proposal is approved then all the issued ordinary shares of the company, comprising […]
Giant telecommunications company, Safaricom was the top mover of the day on Tuesday at the Nairobi Securities Exchange (NSE). The telecom sold 19.23 million shares at a market capitalization of 1.08 trillion shillings. Kenya Power and Lighting Company was the second top mover of the day with 3.30 million shares with a market capitalization of […]
Equity Group Holdings (EGH) Ltd has taken over more than $20 million worth of loans owed by the loss making East African Cables Ltd in a major debt restructuring plan aimed at returning the manufacturer to a strong financial footing. The restructuring will result in the refinancing of East African Cables existing debt over a […]
NAIROBI, Kenya, Jul 9 – TransCentury PLC has announced that it will voluntarily delist from the Nairobi Securities Exchange (NSE), citing reduced liquidity in the capital market. In a statement, Group Chief Executive Officer Nganga Njiinu says the company is now focused on attracting funding that is aligned to the Group’s strategy, which will otherwise […]
•The Board of TransCentury has passed a resolution recommending to the Company Shareholders to consider and approve the delisting from the NSE. •Its subcidiaries East African Cables and engineering and construction company-Civicon are struggling with business. A section of TransCentury’s Civicon Limited workshop in Mombasa./ Cash-strapped investment firm, TransCentury is seeking to voluntarily delist from […]
Giant telecommunications company, Safaricom was the top mover of the day on Tuesday at the Nairobi Securities Exchange (NSE). The telecom sold 19.23 million shares at a market capitalization of 1.08 trillion shillings. Kenya Power and Lighting Company was the second top mover of the day with 3.30 million shares with a market capitalization of […]
Uchumi Supermarket was the top gainer of the day on Wednesday at the Nairobi Securities Exchange (NSE) with 3.13 percent at the price of 0.33 shillings per share followed by Total Kenya with 2.04 percent at the price of 25 shillings per share. East African Breweries was the third gainer of the day with 1.76 […]
The top five gainers at the Nairobi Securities Exchange (NSE) on Tuesday were WPP ScanGroup, Sameer Africa, Olympia Capital, TPS Eastern Africa (Serena), and HF Group. WPP ScanGroup gained 26.29 percent at the price of 22.10 shillings per share followed by Sameer Africa with 9.51 percent at the price of 3.80 shillings per share. Olympia […]
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