Among sectors, Nifty PSU Bank index plunged 4.6 percent, Metal index shed 4 percent and Realty index fell 2.7 percent. Indian equity benchmark indices extended the losing streak in the second week ended February 18 amid high volatility in the face of escalating geopolitical tension, rising crude oil prices and relentless FII selling. Market opened […]
Centum Investment Company #ticker:CTUM has been spared from compensating the buyer of its Coca-Cola bottling businesses Sh3.7 billion after the Supreme Court stopped the Kenya Revenue Authority (KRA) from demanding the billions. The company in 2019, sold its 27.6 percent stake in Nairobi Bottlers and 53.9 percent interest in Almasi Beverages — the owner of […]
Kenyan billionaire investor John Kibunga Kimani. In 2018, Billionaire investor at the Nairobi Stock Exchange (NSE), John Kibunga Kimani, set up a foundation valued at Ksh93 million to give back to Kakuzi squatters, a society he spent his childhood in. At the time, Kibunga explained that he wanted to empower the community and dedicated his […]
Centum Investment Company #ticker:CTUM has been spared from compensating the buyer of its Coca-Cola bottling businesses Sh3.7 billion after the Supreme Court stopped the Kenya Revenue Authority (KRA) from demanding the billions. The company in 2019, sold its 27.6 percent stake in Nairobi Bottlers and 53.9 percent interest in Almasi Beverages — the owner of […]
Among sectors, Nifty PSU Bank index plunged 4.6 percent, Metal index shed 4 percent and Realty index fell 2.7 percent. Indian equity benchmark indices extended the losing streak in the second week ended February 18 amid high volatility in the face of escalating geopolitical tension, rising crude oil prices and relentless FII selling. Market opened […]
Coca-Cola had maintained that returnable containers used in packaging its drinks should not be subject to taxes The Supreme Court has thrown out Kenya Revenue Authority’s (KRA) Sh5.6 billion case against international soft drinks manufacturer, Coca-Cola company . The five-judge bench has at the same time released a Sh2.6 billion guarantee that had been sitting […]
With the proposed investment, Centum Electronics Limited (the Company) stake in CAG will increase from the current level of 64.66% to 77.16%. During the financial performance announcement for the quarter ending December 2021 (Q3FY22), Centum Electronics board of directors have approved the proposal to increase its stake in Centum Adetel Group SA. With the proposed […]
The Kenya Mortgage Refinance Company (KMRC) will repay the principal on its Sh1.4 billion corporate bond each year in a rare strategy that will reduce interest earnings for investors while fast-tracking the redemption of the debt. It will also lower the investment risk of the debt –which is unsecured and not guaranteed— unlike most corporate […]
The Kenya Mortgage Refinance Company (KMRC) will repay the principal on its Sh1.4 billion corporate bond each year in a rare strategy that will reduce interest earnings for investors while fast-tracking the redemption of the debt. It will also lower the investment risk of the debt –which is unsecured and not guaranteed— unlike most corporate […]
National Housing Cooperation houses in Kilimani, Nairobi /JACK OWUOR Kenya Mortgage Refinance Company (KMRC) can now float Sh10.5 billion Medium-Term Note after clearance by the Capital Markets Authority’s (CMA). The state-owned mortgage financier plans to issue the private bond in several tranches, starting with one for Sh1.4 billion which will be disbursed to participating primary […]
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