Category: Sh5.9bn
-
HF eyes Sh5.9bn in rights issue to boost capital, lending
•
Listed lender HF Group is seeking to raise Sh5.9 billion through a rights issue to boost its capital and lending. The cash call will see the bank issue 1.49 billion new shares at three per person, with each share priced at Sh4 apiece, reflecting an 11.5 percent discount to the…
-
Court stops Joho family firm Sh5.9bn grain facility at Mombasa port
•
The High Court has temporarily halted the construction of a second bulk grain handling facility at the Port of Mombasa, which was awarded to companies linked to mining cabinet secretary nominee and former Mombasa governor Hassan Joho. The High Court, headed by Deputy Chief Justice Philomena Mwilu, ruled that the…