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Markets

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Safaricom Safaricom
Markets•

Safaricom’s Sh20 billion bond raise signals confidence in markets

While telco sought KES15Bn, overwhelming demand pushed the subscription to 175.7%, prompting Safaricom to activate a KES5Bn “green shoe option.”
Edha Munif, the Managing Director, Edha Munif, the Managing Director,
Markets•

Kalahari Cement snaps up Portland's lion's share

Amsons Group buys NSSF shares in EAPCC paving the way for increased cement
Safaricom Share Sale Safaricom Share Sale
Markets•

Treasury seeks public views on planned sale of Safaricom stake

National Treasury seeks to offload 15% of the government’s shareholding in East
Safaricom Vodacom Vodafon Safaricom Vodacom Vodafon
Markets•

Vodacom tightens its grip on East Africa with bigger Safaricom stake

New transaction will push up Vodacom Group’s shareholding in Safaricom PLC from

Below the fold

Below the fold

JPMorgan 1
Markets•

Kenya approves JPMorgan office as CEO preps Africa visit

MOGO
Markets•

Asset financier Mogo fined Sh11M for duping customers

Absa Foundation
Markets•

Absa Bank Kenya Foundation in a bold plan to drive greater social impact

GEn Za
Markets•

UWG Africa and Kasi Insight unveil Gen Z playbook for Kenyan brands

Crushing of Illlict Alcohol
Markets•

Illicit goods worth Sh6Bn pulled from Kenyan markets

Absa Sustainability 23
Markets•

Financing Kenya's path to a sustainable future

Jubilee H1 24
Markets•

Jubilee Holdings nets Sh2.5Bn in H1, declares interim dividend

Fake alcohol 1
Markets•

Family Bank's H1 net profit up 17% to Sh1.6bn

S&P
Markets•

S&P downgrades Kenya to B- status on weaker debt trajectory

NCBA MD
Markets•

NCBA boosts interim dividend to Sh3.7Bn amid 5% profit rise

Absa agents
Markets•

Absa eyes 17,000 new agency outlets by 2026

Finance-Bill-2023
Markets•

KRA cleared to collect tax under Finance Act 2023