1/9/2017/Reuters Atlas Mara Ltd, the African investment vehicle of former Barclays boss Bob Diamond, said on Friday that Fairfax Africa now holds 42 percent of the company after it subscribed to 70.1 million new shares. The change in ownership comes after Atlas Mara announced plans in June to raise $200 […]
Investors Bite
Kenya stock exchange halts trading briefly after fall on court ruling
1/9/2017/Reuters Kenya’s stock exchange halted trading briefly midway through Friday’s session after blue chip shares plummeted following the Supreme Court’s decision to annul the result of the Aug. 8 presidential election. Trading restarted at 1000 GMT, Nairobi Securities Exchange chief executive Geoffrey Odundo told Reuters. “When there is a movement […]
Red Star Express Records N7.3b Turnover, Declares Dividend
31/8/2017/JSP Communications One of Nigeria’s leading logistics company, Red Star Express Plc, has posted a turnover of N7.3billion in the year under review which is ten percent (10%) higher than the preceding year. The profit before tax increased from N572million to N653million, while profit after tax also increased from N334.4million […]
