NSE FY'2016 Results

NSE FY’2016 Results: Core earnings per share declined by 39.8% to Ksh.0.7 from Ksh.1.2

NSE FY’2016 Results have been released, posting a 39.8 percent decline in core earnings per share to Ksh.0.7 from Ksh.1.2. This was driven by a 20.6 percent decline in operating revenue to Ksh.527.2 million from Ksh.663.9 million in FY’2015, coupled with a higher growth in operating expenses by 8.7 percent to Ksh.487.3 million from Ksh.448.3

Sanlam Group

Sanlam Group to expand its East African footprint with acquisition of PineBridge Investments EA

In matters acquisition, Sanlam Group through its subsidiary Sanlam Emerging Markets (SEM) has reached an agreement with PineBridge Investments to acquire PineBridge’s majority stake in PineBridge Investments East Africa Limited (PIEAL) in Kenya. Once the acquisition is complete, PineBridge Investments East Africa Limited (PIEAL) will rebrand to Sanlam Investments East Africa Limited (SIEAL). The two