Emirati retail billionaire Majid Al Futtaim acquires five Shoprite stores in Uganda
The move comes after Shoprite classified its subsidiary in Uganda as discontinued.
The move comes after Shoprite classified its subsidiary in Uganda as discontinued.
The gains in his stake follow a double-digit surge in the group’s shares on the Mauritian bourse.
Increased productivity will see the company pass on the resultant price benefits to consumers.
Following the latest funding round, the company has a pre-money valuation of $90 million.
The increase in the company’s share price, which spurred the gains, was due to aggressive buying pressure on the bourse.
The gains in her stake can be attributed to buying pressure on the Nairobi Stock Exchange.
Executives in top Kenyan companies received decent pay in 2020 despite the impact of the COVID-19 pandemic.
The two brothers own a joint stake amounting to 138,525,913 ordinary shares in NCBA Group.
A strong underlying performance across key segments of its business saw its profit increase by double digits.
The bank recorded growth in net profit in H1 2021 from $23.9 million last year to $28.7 million.
The richest Tanzanian investors on the bourse have amassed a total wealth of $81.77 million.
With a near $9-billion market capitalization, the Stock Exchange of Mauritius is one of Africa’s most vibrant.
The Nairobi Stock Exchange is the most vibrant bourse in the East African region.
For an economy with a GDP of $37.4 billion, the Ugandan bourse is one of the most undervalued.
Research is based on figures derived from investment agencies, annual reports and confirmations from capital market registrars.
The move increases the group’s market share in the Rwandan retail and SME banking sector.