Uchumi Supermarkets to return to the Stock Exchange

As a way to unlock the suspended trading at the NSE and enable the lifting of receivership, Uchumi is offering its current shareholders an opportunity to loan the supermarket chain loan with 10% annual interest that is also guaranteed by the government. The holder has an option to convert the loan and interest earned into shares at maturity or simply get paid. The minimum investment is Kshs. 3000.
This is definitely worth checking out to see if there is renewed investor confidence to warrant public purchase once the share is allowed to trade on the NSE.

Investing in a Recession: Kengen PIBO

The kengen pibo finally launched yesterday and for those of you looking for a practical investment solution in a volatile economy I think this is a worthwhile one to check out.Investors will earn tax exempt interest income at the rate of 12.5 per cent in the first two years while the principal sum will be redeemed bi-annually for the subsequent eight years in equal installments.Transaction arrangers have reserved 20 per cent of the offer for retail investors, who will be allowed to put in minimum applications of Sh100,000 each. I think this is definately worth checking out go to www.kengen.co.ke.