bursa escort ankara escort adana escort manavgat escort eskişehir escort malatya escort diyarbakır escort urfa escort şişli escort avcılar escort sarıyer escort şişli escort mecidiyeköy escort beşiktaş escort pendik escort maltepe escort ataşehir escort kadıköy escort çeşme escort konya escort beylikdüzü escort esenyurt escort ankara escort mezitli escort manavgat escort konya escort antalya escort diyarbakır escort esenyurt escort
Inspiring Africa's Sustainable Business Growth
KENYA – Shelter Afrique, a Pan-African housing development financier, has fully paid commercial debts owed to eight lenders, giving the company the leverage to underwrite new debt. In 2018, Shelter Afrique signed a Debt Restructuring Agreement with the eight lenders – six DFIs and two commercial banks to restructure its debt with a new 5 – Year tenor to run…
Read More
KENYA – Infrastructure investment firm TransCentury Plc, is looking at its shareholders to inject an additional US$40.74 million of new capital through a cash call in less than two months and an additional US$7.8 million through the sale of non-core assets to avert a potential liquidity crisis that could adversely impact its operations as a “going concern,” reports The East…
Read More
AFRICA – Cross-border trading from one African securities exchange to another has come a step closer after the African Securities Exchanges Association (ASEA) signed a contract to procure an order-routing system. Seven of Africa’s leading securities Exchanges are working together in the African Exchanges Linkage Project (AELP) to boost pan-African investment flows and bring more liquidity to African markets. The…
Read More
KENYA – Caracal Gold Plc, a gold mining company, based in the UK, has picked Faida Investment Bank as its financial adviser and joint broker as it plans to do a Kshs 2 Billion (US$18.4 million) listing at the Nairobi Securities Exchange (NSE). Caracal Gold Plc listing at the Nairobi Bourse will make it only the second Company to have a dual…
Read More
KENYA – Unga Group, one of the big millers in Kenya, has announced the planned sale of Ennsvalley Bakery assets to cold storage and cold chain logistics company BigCold Kenya subject to satisfaction of certain conditions. The company will be selling its bread business to BigCold as it seeks to cut costs and improve efficiency. According to the Nairobi Securities…
Read More
KENYA – Standard Chartered Bank Kenya has appointed two new directors to replace Eng. Patrick Obath and Ian Bryden who left the board one month ago. The new directors are technology and innovation expert Nivedita Sharma and banking professional Birju Sanghrajka. Nivedita will serve as a non-executive director on the board chaired by Kellen Eileen Kariuki. She is a tech expert and…
Read More
KENYA – Leading paint and coating manufacturer Crown Paints, has raised Ksh.642.7 million (US$5.95 million) from its just-concluded rights issue/additional shares issuance. Proceeds from the rights issue represent the acceptance of the issuance of 64.3 million more shares by the company. Shareholders nevertheless registered an over-subscription of bids for the rights issue under which they sought 81 million more shares…
Read More
KENYA – I&M Group has set up wealth management and advisory business targeting high-net-worth clients in a bid to diversify its non-funded income portfolio. The tier-one lender says the services will be offered through I&M Capital, managing for the clients a range of products and services that include fixed income securities, portfolio restructuring and optimisation, investment loans for government securities, insurance…
Read More
KENYA – Family Bank plans to expand its presence to all 47 counties in Kenya as it gears up for tier-1 status in the next three years, with the drive being funded by the proceeds of its corporate bond that started trading on the Nairobi Securities Exchange (NSE) on 30th June 2021. The tier-II lender said it would use the…
Read More
KENYA – leather accessories retail chain Nairobi Business Ventures (NBV) has announced plans to acquire four businesses in Kenya at a combined cost of Kshs3 billion (US$27.8 million). According to a public statement, NBV intends to purchase 100% ownership in Delta Automobile, a leading heavy commercial vehicle maintenance company in Kenya; 100% ownership in Air Direct, an aviation company set…
Read More