The Nairobi Securities Exchange (NSE)-listed firm says it bought back 10.99 million shares in two phases against the targeted maximum of 65.56 million or 10 percent of the company’s issued shares.
'Currently, we operate about 202 return flights per week. The additional aircraft will allow us to add approximately 22 weekly flights, translating to an 11 percent increase in capacity.'
Kencom borrowed Sh183 million from Kuscco, backed by deposits of about Sh78 million. It has repaid roughly Sh21 million, leaving a significant outstanding balance.
After four decades in global finance, Vincent Rague reflects on risk, leadership and retiring with intention.
The Central Bank of Kenya (CBK) says the default rate on gross loans rose to 15.6 percent at the end of March from 15.4 percent in December, raising the volume of non-performing loans from Sh674.4 billion to Sh695.4 billion in the period.