The number of Nairobi Securities Exchange (NSE) 20-Share Index constituent companies currently trading below their tangible net worth have now increased to 11. Typically, buy-and-hold investors want to pay a premium if they believe the long-term prospects of a company are bright. And the converse is true. But the Covid-19 pandemic overhang on stock markets […]
East African Breweries Limited floated KSh 11 billion corporate bond early this month but the medium-term notes were oversubscribed by 245% Capital Markets Authority says this is the single largest non-infrastructure corporate bond and commercial papers offer ever floated in the Kenyan market The funds will be used to finance investments in expanding production and […]
Power transmission lines in Kenya (source: flickr/ aaron.knox, creative commons) Pressure to lower electricity tariffs targeted to increase demand and attract investment in Kenya are targeting IPPs, likely to be pressured for renegotiation of power purchase agreements. There have been various news over the past year or so on dropping energy demand in Kenya which […]
Grit Real Estate Income Group has secured funding to conclude the acquisition and redevelopment of the Orbit Africa warehousing and manufacturing facility in Nairobi, on a sale and leaseback basis. The Kshs. 5 billion light industrial warehouse acquisition will be settled through a Kshs. 2.5 billion in senior debt finance negotiated with the International Finance […]
A solar power plant. PHOTO | FILE Pan-African solar energy financier GridX Duara Holdings has injected Sh770 million into Two Rivers Power Company ( TPRC) to expand solar energy projects for Centum Real Estate. TPRC, which is wholly owned by Two Rivers Development Limited – which is in turn 58% owned by Centum Investment Company, […]
Centum CEO James Mworia. FILE PHOTO | NMG Two Rivers Power Company (TRPC) has received Sh775 million ($7 million) loan from a commercial and industrial solar financier to expand renewable energy infrastructure projects for its parent firm, Centum Real Estate. The firm— wholly owned by Two Rivers Development Limited, which is in turn 58 percent […]
Preference dividend no. 169 Barloworld Limited (Incorporated in the Republic of South Africa) (Registration number 1918/000095/06) (Income Tax Registration number 9000/051/71/5) (Share code: BAW) (JSE ISIN: ZAE000026639) (Share code: BAWP) (JSE ISIN: ZAE000026647) (Namibian Stock Exchange share code: BWL) (‘Barloworld” or “the Company’) PREFERENCE DIVIDEND NO.169 Notice is hereby given that preference dividend number 169 […]
Arvind Fashions, Patel Engineering, AksharChem India, DCW Limited, Centum Electronics and Dynemic Products made a fresh 52-week high today. These stocks will likely be in focus on Wednesday, October 6, 2021. On Tuesday, frontline indices Sensex and Nifty climbed approximately 0.75 per cent each to end at 59,745.6 and 17,822.3 respectively. BSE Small-cap index relatively […]
Nairobi, Kenya, October 12 – Pan-African commercial and industrial solar and distributed energy financier GridX Duara Holdings has injected Shs770 million investment into Two Rivers Power Company (TPRC). TRPC is a wholly-owned subsidiary of Two Rivers Development Limited (TRDL) and was established to ensure the provision of reliable power to the Two Rivers Development in […]
Centum Investment Group #ticker:CTUM has shut down its shared services division as part of its cost-cutting plan, which will see staff members sent home. Centum chief executive James Mworia told the Business Daily via telephone on Friday afternoon that the affected workers would be fairly remunerated. He said the layoffs came about after functions of […]
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