The Nairobi Stock Exchange is starting to dream of better days ahead as foreign investors troop back in. The bourse, which is the largest in East and Central Africa in terms of market capitalization, has seen a 64% jump in foreign investor activity over the last month. This indicates that investor confidence in the market […]
Tag: XUGA_EABL
Foreign investors pull Sh1.5 billion from Nairobi bourse
Foreign investors pulled out Sh1.48 billion from the Nairobi Securities Exchange (NSE) last month. This marks the second straight month of net-selling amid the prevailing rise in stock prices. Data from trading and corporate advisory firm AIB-AXYS Africa shows that foreigners bought shares worth Sh6.75 billion but sold others valued at Sh8.24 billion during the […]
Tembo Naming Festival held, rising elephant numbers lauded
Sponsors, also adopters of the elephants, received a certificate and an image of their adopted elephant. [Courtesy] The first Tembo Naming Festival was held yesterday at the Amboseli National Park , where more than 20 elephants were given names. The sponsors, also adopters of the elephants, received a certificate and an image of their adopted […]
EABL’s medium-term note starts trading at the NSE
Nairobi, Kenya, Nov 1 – EABL’s Medium-Term Note starts trading at the NSEe has been listed on the Nairobi Securities Exchange, where trading on the KSh11-billion issue began today. EABL Group Managing Director and CEO Jane Karuku performed the ceremonial bell-ringing ceremony to mark the start of trading. Mrs Karuku described the Note as the […]
NSE begins trading EABL’s Kshs. 11B bond
The Nairobi Securities Exchange (NSE) has commenced trading of the East African Breweries Plc Kshs. 11 billion bond issue listed on Monday. EABL targets to use funds from the Medium-Term Note to finance investments in expanding production, repay debts taken in the ordinary course of business refinance short-term borrowings and provide working capital. EABL Group […]
EABL goes for Ksh.11 billion debt in new corporate bond
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 […]
Foreign investor activity at NSE rebounds to 64 percent
A stockbroker at the Nairobi Securities Exchange trading floor. FILE PHOTO | NMG Foreign investor participation at the Nairobi Securities Exchange (NSE) rebounded last month after holding below 50 percent in the two previous months, indicating renewed confidence in the market. Foreign investors’ share of traded turnover at the bourse stood at an average of […]
Safaricom: Michael Joseph, Other Board of Directors and Their Salaries
Safaricom is the largest telecommunications provider in Kenya with a market share of 63.7% as of September 2020 according to the Communications Authority of Kenya In the 2020/2021 financial year ending March 2021, the telco’s profits dropped by 6.8% to KSh 68.68 billion Despite the loss, its chair Michael Joseph who temporarily acted as CEO […]
Banking, manufacturing, Safaricom stocks tipped fire up market post curfew
Banking, manufacturing stocks and the NSE’s sole listed telco Safaricom are tipped to lead in market performance in the last quarter of the year as the effects of the easing of curfew restrictions filter through into the economy. Analysts at Mauritius-based investment bank AXYS, which trades locally as AIB-AXYS Africa, said in a note that […]
EABL Sh11bn bond oversubscribed three times
East African Breweries Limited ( EABL ) said yesterday its Sh11 billion bond was oversubscribed by more than three times signalling renewed investor confidence in the previously troubled local bond market. Investors bid a total of Sh37.9 billion in the issuing round, EABL said, representing an oversubscription of 275 percent. “We issued this medium-term note […]