Flame Tree Group of Mauritius to List 15% Stake on Kenyan Bourse
Flame Tree Group, a Mauritian manufacturer of water tanks and cosmetics, will list 15 percent of its shares on the Nairobi Securities Exchange ahead of a potential rights issue within the next two years.
“We intend to list in the final quarter of the year” on the Growth Enterprise Market segment of the exchange, Edward Burbidge, chief executive officer of Burbidge Capital, Flame Tree’s adviser, said in a phone interview from Nairobi today.
Read more: Flame Tree Group of Mauritius to List 15% Stake on Kenyan Bourse
CBK floats new currency printing tender
The Central Bank of Kenya ( CBK) has floated an international tender for printing of paper money (banknotes). The tender closes on July 8 and is open to eligible bidders and joint ventures. According to tender documents posted on its website, the applicants must have an average annual turnover over the last five years of $150 million.
Small businesses urged to improve product packaging to attract buyers
Industrialisation Secretary at the Ministry of Industrialisation and Enterprise Development, Julius Korir noted that the enterprises use poor packaging technologies and methods, which do not give a good impression of the products in the markets.
Read more: Small businesses urged to improve product packaging to attract buyers
PACKAGING FIRM SET TO EXPAND
Bosch Packaging Technology is aiming to expand its position in the packaging technology market globally by 2020, and in particular in Africa and Asia. The company also intends to spur further growth by venturing into new fields of business.
“We expect to see fundamental change in the market for packaging machinery. We not only want to react to this change, we also aim to help shape it,” said Friedbert Klefenz, president of Bosch Packaging Technology, during the company’s press conference at the Interpack trade show in Düsseldorf.
