Stanbic Bank Enters Asset Management with Money Market Fund
Stanbic Bank Kenya has entered asset management through its newly established Insurance and Asset Management Unit, with plans to introduce ...
Money Market Funds Dominate as Unit Trusts’ Assets Cross Ksh 250bn
The value of combined assets of all Collective Investment Schemes (CIS), such as Money Market Funds and fixed income funds, ...
Kenya Joins Asian Infrastructure Investment Bank, Eyes Funding
Kenya has formally joined the multilateral Asian Infrastructure Investment Bank (AIIB) as a fully paid member, which will see it ...
Bob Geldof’s Private Equity Firm Exits Stake in Ethiopia’s Awash Wines
Private equity firm 8 Miles, associated with Irish rockstar and philanthropist Bob Geldof, has exited majority of its stake in ...
KEDA Ceramics to Acquire Key Assets of Ramco Group’s Ramoda Ceramics
The Competition Authority of Kenya (CAK) has approved the acquisition of certain assets of Ramoda Ceramics by KEDA (Kenya) Ceramics ...
World Bank Appoints New Country Director for Kenya, Uganda
Chinese national and World Bank veteran Qimiao Fan will take over as new World Bank country director for Kenya, Uganda, ...
CS John Mbadi Forms Committee to Oversee Switch to Accrual Basis of Accounting
The Cabinet Secretary (CS) for National Treasury John Mbadi has appointed a Steering Committee to oversee the transition from cash ...
Green Climate Fund Approves $151mn for AfDB Horn of Africa Climate Program
The world's largest climate fund, The Green Climate Fund (GCF), has approved $151 million in financing for an African Development ...
Former BOC Kenya Chair Kiuna Ngugi Loses Bid to Block Carbacid Deal
The Capital Markets Tribunal has dismissed Kiuna Ngugi’s - a former BOC Kenya chair and minority shareholder - appeal challenging ...
Djibouti to Offer Ethiopia Exclusive Port
In a move that might ease simmering tensions in the Horn of Africa, Djibouti has disclosed that it is planning ...