KEY POINTS The top loser of the day was Sameer Africa shed off 6.51 percent at the price of 2.44 shillings per share followed by TPS Eastern Africa (Serena) with a loss of 6.15 percent at the price of 12.20 shillings per share. Top Gainers The top gainer of the day at the Nairobi Securities […]
Tag: XNAI_NBV
Sanlam Kenya Tops The NSE On Thursday, Sameer Africa Tails
KEY POINTS The top loser of the day was Sameer Africa shed off 6.51 percent at the price of 2.44 shillings per share followed by TPS Eastern Africa (Serena) with a loss of 6.15 percent at the price of 12.20 shillings per share. Top Gainers The top gainer of the day at the Nairobi Securities […]
NBV at Sh6.7bn market cap after reverse takeover
The market valuation of Nairobi Business Ventures (NBV) has settled at Sh6.7 billion, three months after the completion of its reverse takeover by Delta International FZE, which has introduced new subsidiaries to the entity. Delta International’s takeover has come with an increase in NBV’s issued shares at the Nairobi Securities Exchange (NSE) #ticker:NSE to 1.35 […]
NBV reports record profit as recent acquisitions begin to pay off
L-R:NSE CEO Geoffrey Odundo NBV Chairman Haresh Soni, NSE Chairman Kiprono Kittony and ABC Group Managing Director Shamaz Savani at NBV’s bell ringing ceremony. NBV listed an additional 415 million shares on the NSE/ Listed company Nairobi Business Ventures (NBV) Plc has reported a half year turnover of Sh485.3 million up from Sh7.62 million posted […]
NBV concludes buyout of Delta International businesses
L-R:NSE CEO Geoffrey Odundo NBV Chairman Haresh Soni, NSE Chairman Kiprono Kittony and ABC Group Managing Director Shamaz Savani at NBV’s bell ringing ceremony. NBV listed an additional 415 million shares on the NSE/ Nairobi Business Ventures (NBV) has finalised the acquisition of four businesses linked to Delta International valued at Sh3 billion. The Nairobi […]
Nairobi Business Ventures acquires 4 Kenyan Firms for Ksh. 3 Billion
Nairobi Business Ventures (NBV) has completed the 100% acquisition of four businesses in Kenya. The Ksh. 3 billion transactions involves acquisition of > Delta Automobile, a heavy commercial vehicle maintenance company Air Direct, an aviation company Aviation Management Solutions Limited An 11.33 hectares parcel of land in Machakos County to be used to set up […]
Nairobi Business Ventures completes Sh3b entities buyout
The transaction was overseen by ABC Capital Ltd. [Courtesy] Nairobi Business Ventures (NBV) has completed the acquisition of four new business lines valued at Sh3 billion. This comes weeks after the listed shoe firm received shareholders’ nod to proceed with the acquisition of business entities dealing in cement manufacturing, vehicle and aircraft repairs. In a […]
Nairobi Business Ventures concludes buyout of Delta International businesses
Nairobi Business Ventures (NBV) has finalised the acquisition of four businesses linked to Delta International valued at Sh3 billion. The Nairobi Securities Exchange (NSE) listed firm now fully controls Delta Automobile, a heavy commercial vehicle maintenance company in Kenya and Air Direct, a newly established aviation firm in Kenya. It has also taken control of […]
KPLC Ends Tuesday As The Top Mover Of The Day
Kenya Power and Lighting Company (KPLC) was the top mover of the day with 10.43 million shares with a market capitalization of 3.34 billion shillings. Safaricom came in second with 2.10 million shares and a capitalization of 1.66 trillion shillings. Nairobi Business Ventures, WPP ScanGroup, and NCBA Group ended the day by moving 244,200, 204,800, […]
Half of Nairobi bourse firms fail to recover from Covid-19
More than half of stock prices at the Nairobi Securities Exchange (NSE) have yet to return to their pre-Covid-19 levels amid the full recovery of the bourse and economic revival from the pandemic-induced slump. Of the 58 actively traded counters, 31 are trading below their closing price on March 12, 2020, when Kenya announced the […]