Centum Investment to Buy 73.4% stake in Genesis Kenya
Centum Investment Co., East Africa’s largest publicly traded investment group, agreed to buy a controlling 73.4 percent stake in Genesis Kenya Investment Management Ltd.
1M | 3M | YTD | 1Y | 2Y |
-3.70% | -4.43% | +18.34% | +1.12% | -12.76% |
Value Traded (Mln KES) 293.60 |
Volume 17,976,600 |
Transactions - |
Market Cap. (Bln KES) 1,616.82 |
Centum Investment Co., East Africa’s largest publicly traded investment group, agreed to buy a controlling 73.4 percent stake in Genesis Kenya Investment Management Ltd.
Real estate firm, HomeAfrika, has announced fresh plans to raise Sh1.5 billion from the Nairobi Securities Exchange (NSE) in the current financial year. The funds are meant to finance real estate projects in various counties. The company intends to raise the funds from the stock market in two phases.
The Board of Directors of the Nairobi Securities Exchange have admitted CBA Capital Ltd., and Equity Investment Bank Ltd., as trading participants. The admission of CBA Capital and Equity Investment Bank, shows the commitment of the Board to opening up membership of the Exchange in order to affirm Kenya’s position as the financial services hub of East and Central Africa.
Shareholders of all listed companies at the Nairobi Securities Exchanges (NSE) will from November this year have their share certificates converted into an electronic form under the dematerialization process.