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Tags archive: Nairobi Securities Exchange

Home /Tag: Nairobi Securities Exchange
Financial Services

Nation Media Group announces shares buyback plan

February 25, 2021 0

KENYA – East and Central Africa’s largest media company Nation Media Group (NMG), has announced a proposal to buy back up to 10% of its…

Infrastructure, Construction & Real Estate

InfraCo Africa becomes anchor investor in Acorn Holding’s US$10m REIT

February 24, 2021 0

KENYA - InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has subscribed to the Acorn Holdings Ltd (Acorn) Real Estate Investment Trust (REIT) by investing US$10…

DealStreet Africa

Standard Bank granted more time to buy Stanbic Bank Kenya shares

February 20, 2021 0

KENYA - Standard Bank of South Africa has been given more time to buy an additional 14.8 million shares with a current market value of…

Financial Services

Diamond Trust Bank (K) to shut six branches by end of October 2021

February 19, 2021 0

KENYA – Nairobi Securities Exchange listed lender Diamond Trust Bank (DTB) is expected to shut six branches by the end of October as part of…

LATEST NEWS

WPP Scangroup suspends founder and CEO Bharat Thakrar over gross misconduct

February 19, 2021 0

KENYA – Marketing and communication group WPP Scangroup’s founder and long-serving chief executive Bharat Thakrar has been suspended from the marketing services firm over unspecified allegations…

LATEST NEWS

BAT Kenya sees its net profit jump by 42% to US$50.2m

February 19, 2021 0

KENYA - Cigarette manufacturer BAT Kenya has posted a 42% jump in net profit for the year ended December 30, 2020. The company’s net profit…

LATEST NEWS

Ethiopian Communicatons Authority shortlists six firms for telco licence

February 17, 2021 0

ETHIOPIA - The Ethiopian Communications Authority has shortlisted a consortia of 12 companies that had expressed interest in entering the country’s telecommunications market, one of…

Financial Services

Nairobi Securities Exchange switches its trading infrastructure to Safaricom

February 12, 2021 0

KENYA – Nairobi Securities Exchange (NSE) has shifted from the South Africa’s MTN trading platform to a new one powered by mobile telecommunication giant Safaricom.…

Aviation, Transport & Logistics

Kenya Airways to receive US$91.4m bailout from the government

February 11, 2021 0

KENYA – National carrier Kenya Airways (KQ), has received US$91.4 million from the Kenyan government as part of efforts to prop up the carrier after…

DealStreet Africa

Motor dealer Car & General ups its stake in microlender Watu Credit to 29%

February 8, 2021 0

KENYA – Automotive and engineering products dealer Car &General (C&G) has invested an additional US$353,736 in microlender Watu Credit Limited, raising its stake in the company…

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