Standard Chartered had sought to raise 3.2 billion shillings in the rights issue but has raised 8.3 billion. The bank's rights issue was oversubscribed by 158.4 percent similar to the one in 2010 which raised 4 billion shillings against a a targeted 2.5 billion shillings.
The 20-share index took a beating last week Friday as it closed at 4125.74 points, down by 7.54 from the Thursday. The All-share however improved its performance and closed at 91.30 points. Focus shall be maintained on Standard Chartered in light of the chairman’s step down. We shall also be…
When Uchumi Supermarket was put under receivership and suspended from the bourse six years ago, nobody thought that we would one day see Uchumi’s return to the Nairobi Stock Exchange (NSE). One can hardly count the number of firms that have gone under in Kenya and returned from jaws of…