IFC eyes 11pc in Kenya Re partly owned reinsurer The International Finance Corporation (IFC) will acquire an 11 per cent stake in Zep-Re, in a Sh1.9 billion deal. Kenya Re, which is opposing this share purchase, has its shareholding in Zep Re shrunk to 16 per cent from 20.7 per…

Safaricom owners set for big pay day after Sh32bn profit Telecoms operator Safaricom Thursday announced a generous dividend policy that promises its owners the highest payout jump since its listing on the Nairobi Stock Exchange (NSE). Vodafone, the UK firm that is Safaricom’s single-largest shareholder…

HIGHEST VOLUMES The top 3 traders today were the same as yesterday. Safaricom was the highest performer again but 14.33 million shares traded. In second place was Equity bank with 4.59 million shares, up from yesterday’s 3.09 million shares. Third…