The Capital Markets Authority (CMA) has approved an exemption allowing Vodafone Kenya Limited (VKL) to proceed without making a mandatory takeover offer, clearing a key hurdle for a proposed Sh206 billion (US$1.6 billion) transaction involving Safaricom PLC. The approval enables Vodafone Kenya to acquire 6.01 billion ordinary shares in Safaricom …
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The Nairobi Securities Exchange (NSE) is Kenya’s primary stock market where investors buy and sell shares of publicly traded companies. It serves as a marketplace that connects companies seeking investment capital with individuals and institutions looking to invest their money. Established in 1954, the NSE has grown into one of …
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Family Bank has officially joined the Nairobi Securities Exchange (NSE), listing 1.66 billion ordinary shares at an introductory price of Sh18 each, giving the lender an estimated market value of Sh29.9 billion. The move represents the biggest private-sector listing on the NSE in more than 17 years and allows the …
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South African lender Nedbank Group has submitted a tender offer to purchase approximately 66 percent of NCBA Group’s ordinary shares, which would give Nedbank a controlling interest in the Kenyan financial services company if the deal goes through. The remaining 34 percent of NCBA shares would continue to be traded …
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The Lower Eastern Times Opening The Third Eye