david kiboi

Centum exits Sidian Bank. —Centum Investment Company has completed the sale of its entire stake in Bakki Holdco Limited, the vehicle through which it held its interest in Sidian Bank. —Centum owned 50% of Bakki Holdco, which in turn held 27.2% of Sidian Bank. —The divestment concludes Centum’s exit from the lender and is expected to generate a modest gain relative to the carrying value in its books.

After months of speculation, NCBA Group PLC has confirmed that it has received an offer to be acquired by Nedbank Group Limited: — Nedbank Group Limited is one of South Africa’s largest banking groups and is listed on the Johannesburg Stock Exchange (JSE). — Nedbank is seeking to acquire up to 66% of NCBA through a tender offer valuing the bank at 1.4x book value, with the remaining 34% of shares continuing to trade on the Nairobi Securities Exchange. — Under the proposed structure, participating NCBA shareholders will receive 20% of the consideration in cash, with the remaining 80% settled through the issuance of Nedbank ordinary shares listed on the JSE.

Assuming you bought KCB shares on 31 December 2015 and held to 31 December 2024, your total returns will have been 71.92%, meaning if you had pumped sh 100,000 in 2015 then it could be around Sh 171,920 as at 31 December 2024. Before celebrating total inflation for that period 79.62% meaning on average prices of goods rose by 79.62% and the only way a KCB investment could have maintained the intial value of Sh 100,000 was if it could have been SH 179,620.