PRIME NSE adds Sh21bn investor wealth buoyed by foreign purchasers Analysts say however that investors, particularly foreigners, will be looking keenly at the government’s response to the new protests to judge whether the political risk will persist.
PRIME Kenya’s mergers and acquisition deals drop to 25 The fall in the number of deals coincides with the tough economic conditions and political uncertainty.
PRIME Mt Kenya hotels owner in Sh254m share buyback Firms may choose to repurchase shares to return value to shareholders, increase their stake, or boost their price.
PRIME Treasury seeks Sh50 billion from first bond sale The sale of the two bonds comes just a week after the CBK closed the auction of the June issuance, which raised Sh71.64 billion against a target of Sh50 billion, having received investor offers...
PRIME CMA freezes E. African Cables, TransCentury shares trading The suspension will run indefinitely as per a notice published by the Nairobi Securities Exchange (NSE).
PRIME TransCentury, EA Cables shares fall on seizure by Equity Bank TransCentury shed 6.7 percent to close the day at Sh1.12 per share, while East African Cables was down 1.2 percent to Sh1.71 per share.
PRIME CBK takes Sh71bn from oversubscribed June bond The government was in the market for Sh50 billion via a pair of reopened 15 and 30-year papers, but ended up netting Sh71.6 billion from the oversubscribed sale, having rejected Sh29.7 billion...
PRIME NSE steadies after rout from Israel-Iran conflict Analysts say investors were spooked by the Israel-Iran conflict, which has seen counters where foreigners dominate trading record a drop in share prices.
PRIME Umeme shares in free fall as buyout size uncertain The firm’s share price fell to Sh11.6 on Wednesday, the fourth straight drop amid uncertainty over full investor compensation.
PRIME Sh44bn Talanta stadium bond to list on NSE The government has opted to source for funds from the public in order to complete the stadium before the 2027 African Cup of Nations being hosted in the country.
PRIME Treasury bonds to earn local investors Sh851bn Returns to local investors from government paper have increased from Sh456 billion in the year to June 2022, a near doubling compared to returns for the fiscal year starting July.
PRIME Credit Bank in new plan to list on less active public market The bank needs to raise at least Sh1.7 billion from its shareholders by the end of year, in order to be compliant to the new core capital requirement that comes to effect on December 31, 2025.
PRIME Lessons from India's Bombay Stock Exchange on public markets SMEs listing Today, the Bombay Stock Exchange (BSE) has 383 entities that are listed on its SME Board with 195 having successfully transitioned into the main market.
PRIME Treasury not backing Sh44bn bond for Talanta stadium Bondholders will be paid from National Treasury disbursements made to the Sports, Arts and Social Development Fund.
PRIME Interest paid on Eurobonds rises by Sh11.5 billion Debt servicing costs for the sovereign bonds are also expected to rise.
PRIME Umeme shares resume trading as size of buyout uncertain Umeme’s shares Friday hit highs of Sh16.
PRIME CBK seeks Sh50bn from re-opened bonds Falling interest rates have allowed the government to borrow from the domestic credit market at relatively cheaper rates easing pressure on debt servicing costs.
PRIME MTN Uganda to list mobile money unit after split MTN’s shares are currently trading at 269 Ugandan shillings (Sh9.67), having gained from the 2021 initial public offering (IPO) price of 200 shillings (Sh7.19).
PRIME CBK pushes for lower loan costs in sixth rate cut The Central Bank Rate (CBR) now sits at its lowest since June 2023.
PRIME Stockbrokers to dilute family control in new CMA crackdown Draft CMA rules may compel some stockbrokers to restructure their boards and appoint new CEOs to comply.
PRIME One-year T-bill return falls below 10pc as rates decline The drop in yields on Treasury bills and bonds is expected to trim the cost of government borrowing from the domestic market.
PRIME Sidian Bank eyes extra Sh500m in latest rights issue Sidian’s fundraising comes as it seeks to remain compliant with statutory capital requirements which are pegged on a lender’s size of business.
PRIME Falling interest rates pile pressure on insurers as State papers returns tumble Returns on bank deposits are also on a decline, coming from the 22-year high of 11.48 percent in June last year to 8.87 percent at the end of April this year in an environment of falling Central...
PRIME Foreigners remain NSE net sellers for 8 straight months The Capital Markets Authority (CMA) attributed the dip in foreign investor activity in the first quarter to the expected US pronouncement on tariffs.
PRIME Locals complete exit from stockbroker AIB-AXYS Africa in Sh120m deal Mauritian financial services provider AXYS Group is keen to control a larger share of trading and corporate advisory deals on the Nairobi bourse
