Charles Mwaniki

The State has launched a series of stadium construction and expansion projects across the country, including in Mombasa, Kisumu, Nakuru and Eldoret, and more than 20 other counties.

As the stocks of Mumias Sugar, ARM Cement and Deacons East Africa enter an eighth year under suspension at the Nairobi bourse, investors are demanding

Nedbank will pay Sh23.23 billion in the cash option, and hand the NCBA sellers 43.63 million shares for the equity option.

The August net sales, which rose from Sh1.35 billion in July, represented the biggest monthly foreign outflow in 10 months.

The number of investors in the funds is now three times those investing in the equities market at the Nairobi Securities Exchange (NSE), which has remained relatively flat at between 1.25 million and 1.28 million investors over the last three years.

Centum first ran a buyback programme between February 6, 2023 and September 20, 2024, targeting 66.54 million shares which represented 10 percent of its 665.44 million issued shares. The issue had a price cap of Sh9.03 per unit, and a floor of Sh0.50.

The 2013 bond, which is to mature in February 2028, carries an annual interest rate of 11.25 percent, while the 10-year bond pays interest at 12.28 percent and matures in November 2029.

The yields on the Nairobi office market are comparable to the returns on offer in the government's Treasury bills, which are paying between 8.7 and 9.1 percent, but lag those of longer-term bonds, which are returning between 11 and 13 percent.

Overall, the State had set a target of Sh120 billion from the September bond issuances, looking to add to the Sh406 billion in net domestic borrowing it achieved in July and August.

Diageo and Asahi agreed to the sale of the 65 percent stake in EABL for Sh304.6 billion.