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Advisers to earn Sh27m fees in Fahari buyout deal

Advisers to earn Sh27m fees in Fahari buyout deal
businessdailyafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessdailyafrica.com Daily Mail and Mail on Sunday newspapers.

Kenya , Dyer-blair , Oxygene-marketing-communications , Lion-asset-management , Asset-management-limited , Oxygene-marketing-communications-limited , Co-operative-bank , Faharii-reit ,

Pension funds eye real estate billions


As the equity market continues to perform dismally, pension funds now plan to establish Real Estate Investment Trusts (Reits).

Nairobi , Nairobi-area , Kenya , South-africa , Simon-nyakundi , Tom-mulwa , Kenya-national-reit , Liaison-group , Kingsland-court , Standard-chartered-bank , Capital-markets-authority , Retirement-benefits-authority

CMA wants restricted Reits set at Sh10,000 apiece


The Capital Markets Authority (CMA) has proposed to lower the minimum investment amount that professional investors can put in REITs.

Kenya , Nairobi , Nairobi-area , Nairobi-securities-exchange , National-treasury , Capital-markets-authority , Cabinet-secretary , Economic-planning , Laptrust-imarai-reit , Faharii-reit , Laptrust-imarai-reit-

Fahari completes Greenspan payout


The Nairobi Securities Exchange-listed fund has disclosed in its latest annual report that a dispute with the group of 13 investors was settled last month.

Nairobi , Nairobi-area , Kenya , Greenspan-mall , Imperial-bank , Lion-asset-management , Coulson-harney , Architecture-supply , Bay-holdings , Faharii-reit , Nairobi-securities-exchange-listed

Supermarkets opened 19 new stores in 2021


Quick Mart opened six more outlets followed by Naivas and Carrefour with five each, while Chandarana Foodplus invested in three new stores.

Germany , Mauritius , Kenya , Botswana , German , Chandarana-foodplu , Chandarana-foodplus , Wambui-mabrire , International-finance-corporation , Central-bank , Retail-trade-association-of-kenya , Carrefour

Office, mall rents plunge on jump in space supply


Listed property investor Ilam Fahari I-Reit says office rent in top-grade buildings has dropped by an average of 16.9 percent over the past four years on increased supply.

Westlands , Nairobi-area , Kenya , Nairobi , South-africa , Upper-hill , South-african , Hazina-trade-centre , Global-trade-centre , National-social-security-fund , Faharii-reit

NSE counters that earned investors cash

Sectors such as agriculture, investment, banking and insurance performed better last month than in February despite the harsh business environment.

Kenya , Kakuzi , Central , Sasini , Nairobi , Nairobi-area , Limuru , Kenyans , Uhuru-kenyatta , Kenya-national-bureau-of-statistics , Nairobi-securities-exchange , President-uhuru-kenyatta

Banking and real estate stocks offer biggest returns at NSE in March


THE STANDARD
FINANCIAL STANDARD
Screen showing stock prices at the Nairobi Securities Exchange. [Wilberforce Okwiri, Standard.]
This was as telco Safaricom continued its dominance of the bourse, accounting for over half of the shares traded in March.
The NSE’s monthly bulletin, dubbed barometer, shows that the Fahari I-Reit, Kenya’s only listed real estate investment trust, recorded the highest return at 2.4 per cent while the investment services stocks had the largest loss of 8.4 per cent.
Other top sector returns included agriculture at 1.6 per cent, banking at 1.2 per cent, investment at 1.3 per cent and insurance at 0.3 per cent.
Nairobi securities exchange chairman Samuel Kimani, flanked by Deputy President William Ruto (Centre) and Oscar Onyema (Right) president of the African Securities exchange association (ASEA) and CEO of the Nigerian stock exchange, during the launch of 7th Building African financial markets (BAFM) seminar at Villa Rosa Kempinski in Nairobi. [Edward Kiplimo, Standard]

Nairobi , Nairobi-area , Kenya , Standard-group , Nairobi-securities-exchange , Bonds , Faharii-reit , East-african-breweries , Standard-chartered , நைரோபி , நைரோபி-பரப்பளவு