Kenya’s Capital Markets Authority has extended the suspension of Deacons East Africa shares at the bourse for 10 days ahead of the creditors meeting set for Tuesday. “Notice is hereby given on the extension of suspension from trading Deacons EA Plc shares following the appointment of Joint Administrators by the Board of the company to run its business in accordance with the insolvency act of No. 18 of 2015,” the NSE said in a statement on Thursday. “The extension of suspension from trading the company’s shares is for a further 10 working days with effect from January 18, 2019.” Creditors…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
The London Stock Exchange Group, on Wednesday, launched the second edition of ‘Companies to Inspire Africa’ report, Kenya and Nigeria leading the way as the countries with the most companies featured in the report. Nigeria and Kenya led the countries represented in the report, with 97 and 66 firms respectively. “The East-West African axis dominates this year’s Report with 130 companies from Western Africa and 147 from Eastern Africa,” read the report. Kenyan companies featured include: Acorn Group Ltd, Adele Dejak Ltd, Afribon Kenya Ltd, Africa’s Talking Ltd, Bonfire Adventures and Events Ltd, BitPesa, BioLite Holdings Kenya Ltd, Biodeal Laboratories…
Families and friends mourned their loved ones killed in Tuesday’s terrorist attack at the 14 Riverside. According to the government, fourteen people were killed during the attack. https://twitter.com/RobertAlai/status/1085411662562246658 https://twitter.com/Hon_FatumaGedi/status/1085274760706224134 https://twitter.com/AdamSmithInt/status/1085466345343541248 https://twitter.com/Lattif/status/1085394062302154754 https://twitter.com/LarryMadowo/status/1085491248658608133 https://twitter.com/LarryMadowo/status/1085447842427273216 https://twitter.com/kipmurkomen/status/1085488428844830722
I-DEV International has lost its Co-Founder and Chief Executive Jason Spindler during the 14 Riverside terrorist attack. According to his brother, Jonathan Spindler, “Jason was a survivor of 9-11 and a fighter, I am sure he gave them hell, there are no words to describe how our family is feeling but I can say… Jason Spindler you are and will always be an amazing Son, Brother and Uncle,” Jonathan said. https://twitter.com/SamGichuru/status/1085407083611209729 https://twitter.com/cmschroed/status/1085385683747901440 Jason was a Juris Doctorate from NYU Law, focused on Rule of Law, and a B.S. in Business from University of Texas–Austin. I-DEV is management strategy and investment…
As part of its expansion and optimisation of its 4G and 3G network, Telkom Kenya intends to invest KSh 1 billion in infrastructure development to improve its mobile connectivity, boosting the quality of service to customers. Mugo Kibati, the CEO says the expansion programme remains their objective to entrench “Our position as Kenya’s preferred Data network, which can only be achieved through the evolution of our network to become a stronger and future fit Telco. The strategic support from our shareholders and other partners is giving impetus to our data network expansion strategy.” In addition to improving mobile connectivity, Telkom…
In recognition of the importance of financial literacy in making informed financial decisions, Sidian Bank has partnered with ISBI Institute at Strathmore Business School to educate SMEs in Kenya. The programme is a practical and participant-centered, designed to help SMEs detect execution gaps and launch their businesses to success by maximizing their potential, at a subsidized cost. Chege Thumbi, Sidian Bank’s Chief Executive Officer said “The Advanced Entrepreneurship Programme (AEP) will equip entrepreneurs with actionable insights to drive various business areas such as strategy, finance, marketing, employee management, which is a component that is lacking in many SMEs and which…