Thursday Brief – 29th Jan
Private equity Phatisa buys ‘significant’ stake in General Plastics A private equity fund, Phatisa has bought a major stake in General Plastics (GPL), a Nairobi-based family business specializes in manufacture of packages for food, beverage, cosmetics and agro-chemical companies. General plastics, which was founded in 1977, and currently has 900…
Wednesday Brief – 28th Jan
UAP second most valued insurer on Old Mutual deal UAP insurance has been ranked the second most valued insurance company after Britam. This comes after Old Mutual raised its stake in the insurance company to 60.66 per cent after buying an extra 37.33 per cent stake. The company which plans…
Tuesday Brief – 27th Jan
Use of cheques rises 10pc as clearance time falls to one day The clearance time for cheques has dropped to one day from three days since August 2013, due to an automated system allowing processing based on electronic images. This system has also eliminated physical movement of cheques to paying…
Monday Morning Brief – 26th Jan
HF share defies dilution prospects as investors’ eye rights The share price of Housing Finance has risen by 7.7 per cent in the past five days to Sh48.75 last Wednesday, which could have been motivated by a publication by the mortgage lender of a timetable for the significantly discounted rights.
Saturday Brief – 24th Jan
Ambitious Sh17b leather city could be a game-changer The government plans to construct a Sh17 billion leather city on a 500-acre piece of land in Kinanie, Athi River in Machakos County. Within the city will be 15 tanneries each with a production capacity of 10 tons of skins and…
Friday Brief – 23rd Jan
Kenya Revenue Authority to be split into two by year end The Kenyan Government will by the end of this year split Kenya Revenue Authority (KRA) into two independent agencies but inter-dependent agencies. This process of this split will begin by tabling of the Customs and Border Protection Agency…
Thursday Brief – 22nd Jan
Experts see economic growth at 6pc According to a survey by HTM Capital shows, the economy is expected to grow at a minimum of six per cent this year. It is anticipated that the economy will benefit from one-off additions of between two and 2.5 per cent from infrastructure projects…
Wednesday Brief – 21st Jan
Britam to defend large HF stake in Sh3.5bn cash call The insurance and investment company which owns 46.08 per cent of Housing Finance will enable the mortgage company to have a successful fund raising if it participates in the upcoming rights issue. Britam, which acquired a 24.7 per cent stake…
Monday Morning Brief – 19th jan
Stockbrokers now hire top law firm to file case over tax Stockbrokers have hired a top law firm, HHM Oraro Advocates, to seek the court’s ruling on clauses that they feel make deducting capital gains tax from investors impractical. This is due to an apparent conflict in law that in…
Friday Morning Brief – 16th Jan
Top Citi official to bag unclaimed assets CEO job Kellen Kariuki, the currently senior human resource business partner for Middle East, Pakistan and Africa at Citi Bank is expected to be appointed a the first CEO of the Unclaimed Financial Assets Authority. The authority which holds in trust all assets…
Thursday Morning Brief – 15th Jan
Centum posts 100-day high on coal ruling The company gained 5.3 per cent on Wednesday, following a dismissal of the petition challenging award of a tender for construction of a Sh164 billion coal power plant in Lamu. Centum closed the day at a three-and-a-half month high of Sh69 with…
Wednesday Brief – 14th Jan
Empire Microsystems to list on NSE first week of March Empire Microsystems plans to make its debut on NSE in the first week of March, making it the first tech company to list on the NSE’s Growth Enterprise Market Segment (GEMS) and the fifth firm to list on the segment…
Tuesday Morning Brief – 13th Jan
Treasury targets Sh20 billion in two bond issues The two issues which seek to ride on the past success of previous issues are the five- and 20-year bonds. These bonds which total to Sh20 billion will be issued later this month are likely to raise yields and domestic debt level…
Monday Morning Brief – 12th Jan
Bond turnover hits Sh494bn as investors cash in on high returns There is encouragement for investors in the bond market with 81% of the bonds issued having recorded a positive return in 2014 last year. The bond turnover rose by 9.1 per cent last year to Sh494 billion with returns…
Saturday Morning Brief – 10 Jan
Kenya coffee earnings jump 17pc in 2013/14 crop year The industry’s regulator on Thursday announced a rise of 17 per cent in Kenya’s earnings from its coffee exports to $254.2 million (Sh22.9b) during the 2013/14 (Oct-Sept) crop season owing to higher prices and improved production. Kenyan Coffee farmers had…
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