Home Afrika pays high premium after investors shun bond Buyers of Home Afrika’s corporate bond have re-priced the interest rate on the securities to 17 per cent, significantly raising the real estate developer’s finance costs from the initial coupon rate of 13.5 per cent.At 17 per…

Helios loses top slot in Equity after stake sale to NSSF Uganda London-based investment fund Helios EB Investors is no longer the majority shareholder at Equity Bank after selling part of its stake to Uganda National Social Security Fund.Helios EB Investors sold 2.44 per cent of…

CIC General rating up after Sh800m capital injection CIC General Insurance’s outlook has been upgraded to ‘stable’ from a ‘negative’ rating following a capital injection last year.The capital injection nearly doubled the insurer’s previous capital base of Sh900 million to Sh1.7 billion. South African Global Credit…

Uchumi sends Ciano packing as it launches forensic audit Uchumi Supermarkets’ board has let go of chief executive Jonathan Ciano even as it opened a forensic audit into the cash flow problems that have in recent weeks left the retail chain with empty shelves. Owino Ayodo, the general manager, operations,…

Closing Bell: Standard Chartered Bank Top Gainer at the NSE Standard Chartered Bank Kenya (SCBK) was the top gainer at the NSE. It gained 4.21% to close the day at KES 297.00 which was a KES 12.00 gain in share price. Mumias Sugar Company (MSC) was the top loser with…

Closing Bell:Unga Group Limited Top Gainer as Standard Group Declines. Unga Group Limited (UNGA) was the top gainer at the NSE. It gained 8.57% to close the day at KES 47.50 which was a KES 3.75 gain in share price. Standard Group Limited (SGL) was the top loser with a…