Alcoholic beverages manufacturer East African Breweries Limited (EABL) has issued new medium term notes (MTN) from which it seeks to raise Ksh.11 billion in new debt. The notes to be listed at the Nairobi Securities Exchange (NSE) have a tenure of five years with a fixed yield of 12.25 per cent per year to be […]
Kenya is preparing for an over 33 percent reduction in electricity tariffs starting December 2021 to shore up power demand and save the struggling utility firm, Kenya Power , from imminent collapse. The reduction in consumer tariffs from an average of Ksh24 ($0.21) per kilowatt hour to Ksh16 ($0.14) per kilowatt hour is part of […]
Centum Real Estate is targeting homeowners and investors with Sh4 million one bedroom houses on Mombasa and Ngong roads, as the firm seeks to increase revenues following the decline in its half year profits. The subsidiary of Centum Investment Company is seeking joint venture (JV) agreements with land owners in construction of housing units along […]
An architect briefs a client. PHOTO | FILE Centum Investment Company’s subsidiary Centum Real Estate is seeking joint venture deals with land owners for construction of affordable houses in Nairobi. Under the JV agreement, landowners on Mombasa Road and Ngong Road near the Junction Mall will provide land as equity and form a special purpose […]
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 […]
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 […]
An architect briefs a client. PHOTO | FILE Centum Investment Company’s subsidiary Centum Real Estate is seeking joint venture deals with land owners for construction of affordable houses in Nairobi. Under the JV agreement, landowners on Mombasa Road and Ngong Road near the Junction Mall will provide land as equity and form a special purpose […]
Centum Investment Company Plc plans to take measures to address the firm’s undervaluation on the Nairobi Securities Exchange (NSE) where its stock trades at less than a third of the value of net assets. The company’s board of directors said at the virtual annual general meeting held on Friday that the big valuation gap has […]
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 […]
Nairobi Securities Exchange trading floor. PHOTO | NMG Firms that have made positive corporate moves in the stock market such as bonus issuances and buyouts like Nairobi Business Ventures (NBV) have also recorded higher gains relative to peers. But investors have punished top firms viewed to struggle under effects of Covid-19, including East Africa Breweries […]
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