Kenya: Kuramo takes 24% stake in TransCentury in debt deal

Kuramo Capital has taken an extra 24 percent stake in TransCentury via conversion of part of its shareholder debt to the investment firm.
1M | 3M | YTD | 1Y | 2Y |
+9.05% | -4.24% | -26.39% | -25.05% | -41.01% |
Value Traded (Mln KES) 902.41 |
Volume 61,782,508 |
Transactions - |
Market Cap. (Bln KES) 1,388.94 |
Kuramo Capital has taken an extra 24 percent stake in TransCentury via conversion of part of its shareholder debt to the investment firm.
KCB Group has completed separation of roles between its two investment units- KCB Capital and NatBank Trustee and Investment Services Limited.
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I&M Group has raised its dividend payout to shareholders by half to Sh2.25 per share from Sh1.50 after posting a 37.7 percent growth in net profit for 2022 to Sh11.2 billion.