The firm will spend Sh100mn in expansion/CFM NAIROBI, Kenya, June 6 – Paint and coating solutions company Crown Paints has received an approval by Capital Markets Authority to extend time to file its audited financial statements for the year ended December 31 2019. The listed paint maker in a statement said it missed the May […]
Downturn: Some of the cottages at home Afrika’s Migaa Gold Estate. The firm has issued a profit warning for 2015 Depressed valuation of publicly listed real estate company Home Afrika’s land and housing assets has contributed some Sh391 million to the firm’s loss of Sh887 million for the year ended December 31. This is almost […]
Business The loss came despite the firm posting a 233 per cent growth in gross revenue Listed real estate developer Home Afrika has sunk into a Sh849 million loss for the year ending December 2019. Last year, the firm reported a Sh346 million loss. Managing Director Dan Awendo attributed the loss to a depressed valuation […]
Nairobi — Debt-ridden East African Cables has announced that there will be a delay in the publishing of the audited financial statement for the year ending December 31, 2019. In a statement, the Group’s Company Secretary Virginia Ndunge said the firm has already obtained approval from the Capital Markets Authority granting it the extension. Ndunge […]
Home Afrika chief executive Dan Awendo. FILE PHOTO | NMG Property developer Home Afrika #ticker:HAFR is set to raise more than Sh600 million by exiting two projects in Kisumu and Kwale, which it was unable to complete due to inadequate capital. The Nairobi Securities Exchange-listed firm is set to sell its land holdings in Kisumu’s […]
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