Kenya: Firms Suspend Listing Plans Over New Cash

11 November 2013

Growth-hungry Family Bank and lifestyle clothing retailer Deacons, that had initially started process of listing on Nairobi Securities Exchange, have indefinitely shelved their plans despite a bullish run at the exchange since the year started.

Investors at the stock market have raked in an average 29 per cent in returns as at end of September and the value is expected to grow by end of the year.

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