
CIC Group, linked to Kenyan tycoon Gideon Muriuki, unveils $5.6 million bonus issue
It underscores CIC Group’s commitment to enhancing superior shareholder value while strengthening liquidity and accessibility in the market.
It underscores CIC Group’s commitment to enhancing superior shareholder value while strengthening liquidity and accessibility in the market.
The leading lender’s earnings soared past $220 million, fueled by strong growth in both net interest and non-interest income.
By the end of next year, I&M Bank aims to reach 100 branches, further cementing its status as one of Kenya’s top-tier financial institutions.
The troubled company is pinning its hopes on the potential investor, who has reportedly offered $10 million to revive operations and settle debts owed to KCB Bank Kenya.
The move reflects the growing financial strain on Kenyan businesses as economic pressures mount.
His latest investment strengthens his position as Centum’s third-largest shareholder and reinforces his presence on the NSE.
Beyond Kakuzi, he holds a 5.21 percent stake in Centum Investments and 3.86 percent in Nation Media Group, spreading his bets across multiple sectors.
The rise in I&M Group’s stock price highlights ongoing investor confidence and growing market interest.
Devki Group’s $84.7-million iron ore plant in Kenya promises to create 14,000 jobs, strengthen local mining, and drive the country’s industrial growth.
Ndegwa sees $3.82-million gain as NCBA Group shares surge 16.8 percent on the Nairobi Securities Exchange.
John Kimani, has seen his shares in Kakuzi surpass $22 million (Ksh2.87 billion), marking a gain of Ksh383.4 million ($2.97 million) in just eight days.
This follows a similar loan obtained last year, bringing the total to Ksh30 billion ($232.2 million).
Acorn’s portfolio under Edward Kirathe includes 17,000 beds in 17 student housing properties, with an additional 6,000 beds under development.
Savannah Clinker has proposed purchasing all 362.9 million shares of Bamburi at Ksh70 ($0.54) per share.