India-based cement giant eyes Sh12.7bn majority ARM stake
India-based cement giant eyes Sh12.7bn majority ARM stake India’s largest cement manufacturer UltraTech Cement is in the race to acquire a controlling stake in Nairobi Securities Exchange-listed ARM Cement, in which it could buy convertible preference shares of up to $125 million (Sh12.7 billion). UltraTech is…
Centum explores Sh8bn bond option in expansion plan
Centum explores Sh8bn bond option in expansion plan Centum Investments is exploring the possibility of raising an estimated Sh7.5 billion from the bond market to fund its operations in various sectors of the economy. The funds are to finance Centum’s ambitious strategic plan that will focus on investments in the education,…
Friday’s Morning Brief – Nov 21
Africa’s mobile money makes its way to Europe with M-Pesa M-Pesa has nearly 17 million active customers and as many as 186,000 agents worldwide. Customers make more than €900 million (US$1.1 billion) worth of person-to-person transactions a month. Now, the technology that was honed in Africa is being exported to…
Today’s Morning Brief- Nov 4
We deliver a summary of important business news in Kenya to you this morning: Uchumi acquires Dar supermarket in growth drive Uchumi supermarket has acquired a store in Tanzania as part of its expansion plan in that market. Chief executive Jonathan Ciano said acquisition of the outlet from Dar es…
The Closing Bell: Centum And Britam Gain While Total Loses At The NSE
At 3.10 pm today when the Nairobi Securities Exchange (NSE) closed, Centum Investment Company Limited (ICDC) had risen 10.00% from yesterday’s KES 60.00 to KES 66.00. British-American Investments – Britam – (…
10 Kenyans Named Among Top 100 Youngest And Influential African Economic Leaders
Kenyans made up 10% of the Choiseul 100 Africa rankings. The Choiseul 100 Africa is an annual study carried out by the Paris based Institut Choiseul. It identifies and ranks the young African leaders of 40 years old and under, who will play a major role in the development of Africa in the near…
High Quality Housing from Centum Investments
Centum Investments has embarked on a project to provide Kenyans with luxury housing units. The initiative promises to deliver hundreds of living spaces and world class facilities.
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