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Top News In நைரோபி பத்திரங்கள் பரிமாற்றம் பட்டியலிடப்பட்டுள்ளது Today - Breaking & Trending Today

I&M enters Uganda with Sh3.6bn acquisition of Orient Bank stake

I&M enters Uganda with Sh3.6bn acquisition of Orient Bank stake
Tuesday May 04 2021
By VICTOR JUMA
Summary
The Nairobi Securities Exchange-listed firm said in a statement that the transaction was completed on April 30 after receipt of the necessary approvals.
The lender says the transaction has given it access to additional loans worth Sh7.7 billion, deposits (Sh18.2 billion), 70,000 customers, 14 branches and 22 ATMs.
I&M Holdings #ticker:I&M has completed the acquisition of a 90 percent stake in Uganda’s Orient Bank Limited in a deal worth Sh3.6 billion.
The Nairobi Securities Exchange-listed firm said in a statement that the transaction was completed on April 30 after receipt of the necessary approvals from the Central Bank of Kenya, Bank of Uganda, Capital Markets Authority of Kenya and the Comesa Competition Authority. ....

Nairobi Area , Ketan Morjaria , Sarit Raja Shah , Alemayehu Fisseha , Lorient Bank , Im Holdings Plc , Central Bank , Capital Markets Authority Of Kenya , Uganda Orient Bank , Morka Holdings , Comesa Competition Authority , Equity Group , Kim Holdings , Nairobi Securities Exchange Listed , Orient Bank Limited , Capital Markets Authority , Comesa Competition , Hemlata Karia , Jay Karia , Morka Holdings Limited , Zhong Shuang Quan , Orient Plaza , நைரோபி பரப்பளவு , அலேமயெஹு பீசிசே , ஆரியெஂட் வங்கி , இம் ஹோல்டிங்ஸ் ப்ல் ,

Britam posts record loss of Sh9bn after asset division hit

Britam posts record loss of Sh9bn after asset division hit
Thursday April 29 2021
By VICTOR JUMA
The company did not give details of what went wrong at the asset management unit.
The disclosure of the losses at the fund came after the insurer overhauled its executive and board, including the investment committee.
Britam Holdings #ticker:BRIT reported a record net loss of Sh9.1 billion in the year ended December when its asset management division underperformed.
The insurer had made a net profit of Sh3.5 billion a year earlier. The performance saw the company suspend dividend payouts, having made a distribution of Sh630.8 million or Sh0.25 per share the year before. ....

Nairobi Area , Wealth Fund Management , Britam Holdings Plc , Britam Holdings , Britam Asset Managers , Nairobi Securities Exchange Listed , Net Loss , Nvestment Unit Fund , Britam Asset Managers , நைரோபி பரப்பளவு , நைரோபி பத்திரங்கள் பரிமாற்றம் பட்டியலிடப்பட்டுள்ளது ,

Kenya Power eyes cheaper loans to retire Sh55bn debt

Kenya Power eyes cheaper loans to retire Sh55bn debt
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.

Nairobi Area , United States , Stephen Vikiru , Standard Chartered Plc , Lighting Company Plc , Equity Bank , Rand Merchant Bank Sh , Kenya Power , Nairobi Securities Exchange Listed , London Interbank Offered Rate , Rand Merchant Bank , நைரோபி பரப்பளவு , ஒன்றுபட்டது மாநிலங்களில் , தரநிலை பட்டய ப்ல் , விளக்குகள் நிறுவனம் ப்ல் , பங்கு வங்கி , கேந்ய பவர் , நைரோபி பத்திரங்கள் பரிமாற்றம் பட்டியலிடப்பட்டுள்ளது , ரேண்ட் வணிகர் வங்கி ,

Safaricom gets boost as top firms snub Ethiopia bid

Safaricom gets boost as top firms snub Ethiopia bid
Summary
The fact that only two bids were made has narrowed the agency’s options and the bidding process could be reopened, especially if the financial offers fall below the government’s targets.
While both Safaricom and MTN have substantial financial backing, they have emphasised that they will not overpay for the Ethiopian licences.
Wednesday April 28 2021
By VICTOR JUMA
Summary
The fact that only two bids were made has narrowed the agency’s options and the bidding process could be reopened, especially if the financial offers fall below the government’s targets. ....

United States , United Kingdom , Nairobi Area , South Africa , Ralph Mupita , Shameel Joosub , Sumitomo Corporation , Saudi Telecom Company , Ethiopian Communications Authority , Safaricom Plc , Global Partnership For Ethiopia , Vodafone Plc , Vodacom Group , Kandu Global Communications , Us International Development Finance Corporation , Electromecha International , Nairobi Securities Exchange Listed , Liquid Telecom , Snail Mobile , Global Partnership , Silk Road Fund , Nick Read , Middle East , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , நைரோபி பரப்பளவு ,

Bamburi Cement's net profit triples to Sh1.1bn on cost cuts

Bamburi Cement’s net profit triples to Sh1.1bn on cost cuts
Summary
The cement manufacturer reported net earnings of Sh1.1 billion in the review period, up from Sh359 million the year before.
Bamburi’s performance, which is in sharp contrast to losses and profit drops posted by most publicly traded firms in the Covid-19 pandemic era, was helped by a major reduction of costs.
The performance saw the company resume dividend payments, proposing a payout of Sh3 per share.
Wednesday April 21 2021
By VICTOR JUMA
Summary
The cement manufacturer reported net earnings of Sh1.1 billion in the review period, up from Sh359 million the year before. ....

Nairobi Area , Rift Valley , African Portland Cement Company , Bamburi Cement , Nairobi Securities Exchange Listed , Hima Cement , National Cement , East African Portland Cement Company , நைரோபி பரப்பளவு , பிளவு பள்ளத்தாக்கு , பம்புரி சிமென்ட் , நைரோபி பத்திரங்கள் பரிமாற்றம் பட்டியலிடப்பட்டுள்ளது , ஹிமா சிமென்ட் , தேசிய சிமென்ட் ,