Kuramo co-chief executive Shaka Kariuki. PHOTO | SALATON NJAU | NMG New York-headquartered Kuramo Capital has inked a deal with Centum Nabo Capital committing to invest a further Sh535 million ($5 million) in the third-party fund manager. The follow-on commitment agreement brings Kuramo’s commitment in Nabo to Sh1.07 billion, according to the statement released by […]
South African retailer TFG is set to exit Kenya alleging that landlords are asking for dollar-based rentals, Reuters has reported. TFG Group Chief Executive Anthony Thunström also said that over the last six-months, the Kenyan government has increased import duties, in some cases doubling them. “It’s totally, utterly unviable to be in Kenya. We’ve given […]
Centum Investment chief executive James Mworia. FILE PHOTO | NMG Centum Investment-owned Bakki Holdico Limited, has acquired all the shares of the late ambassador Bethuel Kiplagat in Sidian Bank, raising its stake in the tier III lender above 80 per cent. Sidian bank discloses this in the latest annual report which shows that the family […]
Flame Tree CEO Heril Bangera. FILE PHOTO | NMG Flame Tree Group (FTG) intends to issue a corporate bond to fund growth despite the reduced investor appetite following loss of money in Chase and Imperial bank securities. Chief executive Heril Bangera says in the latest annual report the firm is working on issuing the bond […]
Giant telecommunications company, Safaricom was the top mover of the day on Tuesday at the Nairobi Securities Exchange (NSE). The telecom sold 19.23 million shares at a market capitalization of 1.08 trillion shillings. Kenya Power and Lighting Company was the second top mover of the day with 3.30 million shares with a market capitalization of […]
Uchumi Supermarket was the top gainer of the day on Wednesday at the Nairobi Securities Exchange (NSE) with 3.13 percent at the price of 0.33 shillings per share followed by Total Kenya with 2.04 percent at the price of 25 shillings per share. East African Breweries was the third gainer of the day with 1.76 […]
South African retailer TFG is set to exit Kenya alleging that landlords are asking for dollar-based rentals, Reuters has reported. TFG Group Chief Executive Anthony Thunström also said that over the last six-months, the Kenyan government has increased import duties, in some cases doubling them. “It’s totally, utterly unviable to be in Kenya. We’ve given […]
Centum Investment, the company that built the iconic Two Rivers Mall, will not undertake the development of any commercial property in the next five years, pointing to the fading allure of mall business. Instead, the company will focus on managing the Two Rivers Mall, the biggest in Eastern Africa, and two office blocks. Things are […]
Uchumi Supermarket was the top gainer of the day on Wednesday at the Nairobi Securities Exchange (NSE) with 3.13 percent at the price of 0.33 shillings per share followed by Total Kenya with 2.04 percent at the price of 25 shillings per share. East African Breweries was the third gainer of the day with 1.76 […]
Centum Investment chief executive James Mworia. FILE PHOTO | NMG Centum Investment-owned Bakki Holdico Limited, has acquired all the shares of the late ambassador Bethuel Kiplagat in Sidian Bank, raising its stake in the tier III lender above 80 per cent. Sidian bank discloses this in the latest annual report which shows that the family […]
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