Treasury Cabinet Secretary John Mbadi has justified the government’s choice to sell a stake in Safaricom to a strategic investor instead of offering the shares directly to Kenyan retail investors, saying a public sale would have reduced the share price and failed to deliver value for money. While appearing before …
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CIC Insurance Group PLC has overhauled its senior management structure, moving its long-serving audit chief to a new role designed to spearhead the company’s modernization efforts. In a statement released by Group General Counsel and Company Secretary Gail Odongo, the Board confirmed that Mr. Muyesu Luvai has been reassigned from …
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Money market funds have surged as investors earn returns of up to 16%, contributing to Kenya’s strong start to the year in the capital markets, with all indices at the Nairobi Securities Exchange showing positive results. The growth in money market funds is attributed to heightened awareness, attractive returns, and …
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HF Group plans to raise Ksh.6 billion through a rights issue approved by the Capital Markets Authority (CMA). The rights issue will allow the company to offer up to 1,499,995,255 new ordinary shares at Ksh.4.00 each. Shareholders can purchase two new shares for every existing share they own, with the …
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The Lower Eastern Times Opening The Third Eye