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 Awash Wines, a leading wine producer in Ethiopia, for an [...]
State to Divest From 6 NSE-Listed Companies as Bourse Posts KShs. 54.7 Mn Profit
The Nairobi Securities Exchange (NSE) has recorded a profit of KSh54.7 million in H1 this year, citing revenue growth from non-trading income streams like interest and consultancy. The divestiture of [...]
American Investors Sue Kenyan Businessman Julius Mwale For US$ 870,000 Fraud
An American couple Mathew Shaw and Brooke Shaw are accusing US-based Kenyan businessman Julius Mwale and his wife Kaila Mwale of defrauding them US$ 870,000 (KSh 112 million), [...]Fundraising Activity in East Africa to Pick Up, Majority Deal Size Below US$25mn-Deloitte
The fundraising environment in East African region is expected to improve over the next 12 months as economic activity, confidence and investment pick up. “Fundraising activity has fluctuated, with strong [...]Savannah Clinker Makes KShs. 25.4bn Counter Offer for Bamburi Cement
Listed cement maker Bamburi Cement has received a second acquisition offer after Savannah Clinker Ltd. expressed interest to acquire the company at KSh 70 per share. Savannah Clinker has pledged [...]Money Market Funds 101: How to Find an Ideal Investment
Money market funds (MMFs) might be just what you're looking for. In this guide, we'll break down what Money Market Funds are, the parties involved in managing them, their benefits, [...]
CBK Stops Bond Trade Commissions One Year After DhowCSD Launch
The Central Bank of Kenya (CBK) will cease paying commissions to licensed securities dealers, stock brokers and custodian banks starting September just a year after the launch of the [...]Nairobi Bourse Bets On Virtual Trading Platform NSE Soko Play to Train Young Investors
The Nairobi Securities Exchange (NSE) intends to train a new generation of investors through a virtual mock trading platform known as NSE Soko Play, with the platform set to launch [...]Kenya Airways Posts Profit For the First Time in 11 Years
National carrier Kenya Airways is out of the red line for the first time in 10 years after announcing Sh513 million net profit in the first half of 2024. We [...]Peak and Dale Group Acquires PR Agency Bean Interactive
Peak and Dale Group, a tech and communications agency, has acquire marketing firm Bean Interactive for an undisclosed amount. The coming together of Peak and Dale Group and Bean Interactive [...]Kenya Re-Insurance Half year Profits Drop By 10%
Kenya Re-Insurance Corporation Limited has posted a 10 percent drop in profits after tax to KSh 1.06 billion in the first half of 2024 from KSh 1.17 billion a year [...]Food Processor Gaea Foods Becomes First Beneficiary of €20mn Pepea Fund
Gaea Foods, a Kenyan potato-processing company, has received an undisclosed amount in financing from Pepea Fund in the form of venture debt to support small businesses to grow and broaden [...]
