Sacco Membership Grows to 6.84mn Despite 2 Deregistrations
The membership of regulated saccos increased last year to 6.84 million from 6.42 million members reported in 2022, despite a drop in the number of regulated saccos during the period. [...]
Longhorn Publishers Posts KSh 237.9mn Loss
Longhorn Publishers posted a loss after tax amounting to KSh237.9 million in the full year 2024, a 58.4 percent reduction from a KSh571.3 million loss recorded in the same period [...]Nigerian Fintech Rise Finalizes Acquisition of Kenyan Startup Hisa
Rise, a Nigerian global investments startup, has completed its second acquisition in under one year after taking over Hisa, a Kenyan startup that facilitates stock trading. This acquisition aligns perfectly [...]NSE Listed Firms to Issue Events’ Calendar in New CMA Rules
Companies listed at the Nairobi Securities Exchange (NSE) will now be required to develop and submit a forward-looking and tentative calendar of corporate announcements. The information should be publicly available [...]LIVE BLOG: 54 Collective is Hosting Its Second Live African Pre-Seed Podcast in Nairobi
54 Collective, formerly Founders Factory Africa, is hosting its second live African Pre-Seed Podcast at the Capital Club East Africa, Nairobi to unpack the topic Behind the Scenes of Capital [...]
Investor Joel Kibe Petitions CMA to Take Action Against Old Mutual Holdings
An investor is seeking action against Old Mutual Holdings (formerly UAP Holdings) over allegations of minority shareholders mistreatment among other issues raised to the Capital Markets Authority (CMA) in an [...]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 more investment products. “To drive growth, we must mobilise domestic [...]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, operating in Kenya has crossed the 250 billion mark for [...]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 [...]
