Unga Group’s share price (NSE:UNGA) on Tuesday rose to Sh39 on the Nairobi Securities Exchange (NSE), nearly matching the takeover offer of Sh40 per share that the miller received last week from Delaware-based Seaboard Corporation.

Kenyan investors will be able to lend and borrow shares from each other from June, with the NSE set to roll out a system upgrade to accommodate the product within the next five months.

A revised competition report by the telecommunications industry regulator has dropped the controversial proposal calling for the splitting of Safaricom (NSE:SCOM) into separate business units, drawing the ire of its rivals.

At least seven firms listed on the Nairobi Securities Exchange (NSE)issued profit warnings in 2017 citing political uncertainty due to prolonged electioneering period, interest rate cap and drought conditions experienced earlier in the year.