Saccos Rebrand to Grow, Ward Off Competition
SACCOs, especially those that engage in the deposit-taking business, have continued to rebrand to appeal to more members and beat stiff competition for deposits. The long list of DT Saccos [...]
Kenya Floats Tender for Maturing US$ 2 Billion Eurobond
Kenya has announced a tender offer for its US$ 2 billion, 6.875% notes that are due to mature this June 2024. Receipt by Citibank NA London of all of the [...]Safaricom Plc M-PESA Customers in Ethiopia Hit 3.1M in Q3 2023
Safaricom, the leading mobile phone operator in the Eastern Africa region, has posted 3.1 million M-PESA customers since its launch in Ethiopia. “We are now interoperable with 9 banks including [...]Multichoice Rejects Canal Plus' Acquisition Offer
Multichoice board of directors has halted a buyout deal from Canal plus stating that the value of the South African company surpasses the initial offer. Canal Plus has built its [...]
High-Performance Shoemaker Enda Athletic Acquired by NVH Studios
Enda, Kenya’s first high-performance shoemaker, has been acquired NVH Studios, a global fashion and lifestyle holding company, for an undisclosed amount. The acquisition opens doors to exciting possibilities, the company [...]
Viewership in Rugby World Cup 2023 Crossed 1bn Mark
World Rugby has reported that last year's Rugby World Cup in France recorded 1.33 billion viewing hours surpassing the legacy set by the tournament when it was hosted in England [...]FIFA Releases Global Report on Football Transfers in 2023
More than 1000 football clubs globally spent $9.63 billion in last year's transfers registering a 48.1% increase in figures from 2022. Due to the COVID-19 pandemic, transfers in the years [...]Analysis: Kenya’s Economic and Business Outlook for 2024
Editor’s Note: This is an abridged version of a full analysis of Kenya’s economic and business prospects for 2024. Read the full analysis here (PDF). In 2023, the Kenyan government [...]Verdant Capital Completed 18 Transactions in 2023
Verdant Capital completed 18 transactions in 2023, the Pan-African investment bank and investment manager has said in a statement. These investments included investments in LOLC Africa, the African operation of [...]
Ethiopia Issues Licensing Directives for Capital Market Service Providers
Ethiopia has issued a legal directive that will govern the licensing of capital market service providers as the nation seeks to consolidate the securities and exchange sector. The directives came into [...]Kenya's Third Largest Miller, Kitui Flour Mills, Acquires Rafiki Millers
Kenya’s third largest miller, Kitui Flour has gotten a nod from the Competition Authority of Kenya (CAK) to fully acquire Rafiki Millers. According to the Competition Authority of Kenya, the [...]NSE's IPO Drought as Bearish Conditions Persist
The Nairobi Securities Exchange(NSE) remains unattractive to new listings due to a bear market that has persisted for close to a decade. According to Wycliffe Shamiah, Capital Markets Authority (CMA) [...]
