Carbacid Investments posts an 18pc half-year after-tax profit rise as growth strategy takes shape

Carbacid Investments posts an 18pc half-year after-tax profit rise as growth strategy takes shape

NAIROBI, Kenya, Feb 25 – Listed investments firm Carbacid Investments (NSE: CARB) has announced an 18 percent after-tax profit jump in its half-year results. The results published today indicate that Carbacid Investments Limited (CIL) net profit for the half-year ended 31 January 2021 accelerated to Kshs 210 million up from Kshs 178 posted for the […]

Tycoon in tribunal to block Carbacid takeover of BOC

Tycoon in tribunal to block Carbacid takeover of BOC

Billionaire businessman Ngugi Kiuna is seeking the termination of the Carbacid Investments’ buyout of BOC Kenya after filing an objection to the deal at the Capital Markets Tribunal citing undervaluation. Mr Kiuna, a former BOC Kenya chairman, said the Capital Markets Authority (CMA) erred in approving the takeover by ignoring the undervaluation of BOC besides […]