Housing Finance, a mortgage finance provider, plans to sell the Rehani House building, its headquarters in Nairobi by the end of 2022. Rehani House, a 13-storey high-rise building located at the junction of Kenyatta Avenue and Koinange Street in Nairobi, has been HF’s headquarters for years. “The sale of Rehani House building by December 2022 will ensure compliance with investment in buildings to core capital and would also result in a one-off gain,” says HF in the annual report. In its Q1’2022 Financial Results, HF Group had total loan obligations worth Kshs 5.0 billion. Moreover, HF Group aims at restructuring…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
The US remains the largest source of remittances into
Kenya, accounting for 62 percent in April 2022.
Xiaomi Corp reported a fall in first-quarter revenue as as Covid-19 controls and lockdowns hit demand in China.
The Kenyan rebrand will be followed by rebrands in Uganda, South Sudan, and Tanzania which is expected to be completed in 2023.
The new Master Guarantee risk-sharing agreement will boost Citi’s supply chain finance volumes in Africa by up to $400 million.
The National Treasury is seeking an additional Ksh.10 billion from May bonds which recorded an undersubscription of 71.9 per cent in a tap sale. The tap sale seeks to raise an estimated Ksh.11.4 billion after the rejection of expensive bids by the Central Bank of Kenya (CBK) in the initial issue. “Central Bank of Kenya is pleased to offer eligible investors an opportunity to participate in a tap sale of the above-fixed coupon Treasury bonds whose details are as in the prospectus issued value date 16/05/2022. The tap sale will be offered on a first-come-first-served basis,” the CBK said in…