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Kenya’s Nation Media Group gets regulatory approval for share buyback

Nation Media Group board of directors recommended that the firm’s shareholders effect the Share Buyback plan by way of open market purchases through on the Nairobi Securities Exchange. NMG share price has been declining for the past 5 years and since the announcement the share price increased by nearly 90 per cent that’s in contrast to the 60 per cent decline on the market cap in 2020. Robert Karuiyi, Investment Research Analyst at Cytonn joins CNBC Africa on more.

Mon, 31 May 2021 10:15:26 GMT

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