Fractions of Kenya Re
It appears retail investors will get about 12% of the share that they applied for – leaving a minimum refund of about almost Kshs 17,000 (of the Kshs 19,000) that they applied for. So on to step two of my plan my plan and wait for the shares to open within a reasonable mark up of their IPO price. This is also a reminder to do the same in case of a Safaricom IPO unless they offer a trillion shares
Salvation for investors
So customers of Francis Thuo will get paid from the windfall ($3.5 million) payment by new stockbroker Renaissance Capital. But this should in no way let other brokers and authorities off the hook as they had promised a comprehensive report on what went wrong at the company. And if no NSE investor has lost money since 1954, where are my Uchumi shares?
KCB launches Advantage banking, joining Barclays (with Prestige) and Standard Chartered (with Diva) as offering exclusive banking services for their high net worth customers.
Safaricom is not elite, but…
(i) It’s new in a million shilling promotion cuts of buyers of their low denomination Bamba 50 (50 shilling) airtime cards
(ii) Its EDGE service (internet access) has not been working for moist of this month.