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 […]
Kenya has recorded a 50 per cent drop in the value of c in the first half of this year after COVID-19 threw investors into a spin. The latest data on Mergers & Acquisition shows there were 15 deals in half-year ending June this year valued at Ksh 13 billion between January and June this […]
Jubilee Holdings Limited (JHL) has purchased a further 9.44 percent interest in Bujagali’s equity from the technical partner’s SN Power for a consideration of US$ 40 million (KES 4.2 Billion). This transaction increases JHL shareholding in Bujagali Energy Limited (BEL), the special purpose company that owns the 250MW Bujagali Hydropower Project (“Bujagali”), from 8.8 percent […]
Jubilee Holdings Chairman Nizar Juma. FILE PHOTO | NMG Jubilee Holding has bought an additional 9.44 percent stake in Uganda’s Bujagali Energy Limited (BEL) for Sh4.2 billion ($40 million), doubling its ownership in the hydroelectric power plant. The firm announced Tuesday it bought more shares from its technical partners, SN Power, in the 250-megawatt Bujagali […]
Jubilee Holdings Limited (JHL) has purchased a further 9.44% interest in Bujagali’s equity from the technical partners SN Power for a consideration of Ksh 4.2 Billion (US$ 40 million). This transaction increases JHL shareholding in Bujagali Energy Limited (BEL), the special purpose company that owns the 250MW Bujagali Hydropower Project (“Bujagali”), from 8.8% to 18.24%. […]
Regional insurer Jubilee Holdings Limited (JHL) has acquired an additional 9.44 percent stake in Bujagali Energy Ltd (BEL), increasing its shareholding in the Ugandan-based firm to 18.24 percent from 8.8 percent. The shares valued at $40 million were held by the technical partners SN Power. SN Power, which remains with an economic majority of 55.45 […]
NAIROBI, Kenya, Jul 3 – Jubilee Holdings Limited (JHL) has purchased a further 9.44 percent interest in Bujagali’s equity from the technical partners SN Power for a consideration of US$ 40 million (Sh4.2 billion). This transaction increases JHL’s shareholding in Bujagali Energy Limited (BEL), the special purpose company that owns the 250MW Bujagali Hydropower Project […]
Stock Market BOTH, the Tanzania Share Index (TSI) and the All Share Index (DSEI) marginally fell during the week that ended on the 26th June 2020. The TSI lost a marginal 0.13 point following a 0.004 percent decline of the domestic market capitalisation. The TSI closed the week at 3,486.86 points while the domestic market […]
Kenya has recorded a 50 per cent drop in the value of c in the first half of this year after COVID-19 threw investors into a spin. The latest data on Mergers & Acquisition shows there were 15 deals in half-year ending June this year valued at Ksh 13 billion between January and June this […]
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 […]
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