The bourse opened the trading session this year with investors exhibiting high appetite for stocks after posting a record 2.5bn/- during the first week of the year. DSE’s weekly market report said the volume of shares traded was 2,051,835 with NMB Bank Plc accounting for 51.1 percent or 271,800 shares traded. Meanwhile, an Orbit Securities […]
Tag: XUGA_EABL
KMRC seeks Sh1.4 billion from first corporate bond
The Kenya Mortgage Refinance Company (KMRC) is targeting to raise an initial Sh1.4 billion in its bond issuance that will eventually see the company take a total of Sh10.5 billion for onward lending to financial institutions. The company on Wednesday received approval from the Capital Markets Authority (CMA) to roll out the medium-term bond programme. […]
23-year-old artist Ann Catherine Njuhi wins Sh1mn in KBL logo design competition
NAIROBI, Kenya Jan 14 – A young female artist from Nairobi has emerged as the winner of the competition by Kenya Breweries Limited to design a new logo as the company turns 100 years later this year. Ann Catherine Njuhi will take home Sh1 million, the top prize for the competition dubbed KBL Still Got […]
Garden City eyes Sh226m rent as tenants fill space
A view of Garden City Mall along Thika superhighway on February 15, 2021. PHOTO | LUCY WANJIRU | NMG British private equity investor Actis is set to bank Sh226 million ($2 million) annually in rent from the Garden City Business Park on Thika Road, which is nearly fully occupied after bagging two new corporate tenants. […]
Investors book Sh56 billion paper loss in a day at NSE
Investors lost Sh56.7 billion of paper wealth at the Nairobi Securities Exchange yesterday, the biggest interday drop since March last year. The market soured for investors holding Safaricom stocks to lose Sh56 billion as its share price declined to Sh38.5. East African Breweries #ticker:EABL shed Sh1.1 billion, Equity Bank #ticker:EQTY lost Sh943 million and Coop […]
KMRC seeks Sh1.4 billion from first corporate bond
The Kenya Mortgage Refinance Company (KMRC) is targeting to raise an initial Sh1.4 billion in its bond issuance that will eventually see the company take a total of Sh10.5 billion for onward lending to financial institutions. The company on Wednesday received approval from the Capital Markets Authority (CMA) to roll out the medium-term bond programme. […]
Where investors reaped big in 2021
Dar es Salaam. When the year 2021 started, a share of the Tanga Cement Company Ltd (TCCL) at its Dar es Salaam Stock Exchange (DSE) trading counter was selling at Sh500. At the close of the year, the same share was being sold at Sh1,100, more than twice as much in value. The appreciation in […]
Investors book Sh56 billion paper loss in a day at NSE
Investors lost Sh56.7 billion of paper wealth at the Nairobi Securities Exchange yesterday, the biggest interday drop since March last year. The market soured for investors holding Safaricom stocks to lose Sh56 billion as its share price declined to Sh38.5. East African Breweries #ticker:EABL shed Sh1.1 billion, Equity Bank #ticker:EQTY lost Sh943 million and Coop […]
KMRC to float Sh10.5bn bond to lower mortgage rate
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 […]
Garden City eyes Sh226m rent as tenants fill space
A view of Garden City Mall along Thika superhighway on February 15, 2021. PHOTO | LUCY WANJIRU | NMG British private equity investor Actis is set to bank Sh226 million ($2 million) annually in rent from the Garden City Business Park on Thika Road, which is nearly fully occupied after bagging two new corporate tenants. […]