IM Bank Receives $50 Million IFC Loan to Support SMEs in Kenya
The International Finance Corporation (IFC) has partnered with FMO, a Dutch development bank, to assist small businesses in Kenya by providing funds for working capital, expansion, and to weather the [...]
Kenya's Retirement Benefit Schemes Record Improved Returns in Q2, 2021 Survey
Kenya's retirement schemes recorded a median return of 5.4% over the quarter ended 30th June 2021, compared to 2.5% in March 2021- attributed to solid performance in the equities and [...]
CMA Recovers KSh 1 Billion belonging to Investors
The Capital Markets Authority (CMA) has recovered KSh 1 billion over the past three years, ill-gotten cash and fines paid by market players who have been found with cases of [...]NSE Foreign Investor Outflows Reach KSh2 Billion in Q2 2021
Kenya's capital markets continued to suffer from capital flight in the second quarter of this year as foreign investors pulled back from risky markets. According to the Capital Markets Soundness [...]Unga Group to Partner with Dutch Animal Feeds Company
Unga Group, a leading animal feeds manufacturer in East Africa, plans to enter into joint venture agreements with the Dutch-based Nutreco, one of the world's biggest animal nutrition and aquafeed [...]Impact Investors Put $2.3 Trillion in Social Environmental Projects in 2020
Impact investing continued to attract investors in 2020 as more people increased their awareness of climate change and socialchallenges affecting people around the world. The Global Impact Investing Network describes [...]Shelter Afrique Receives an Additional $3.5 Million Investment from Cameroon
Shelter Afrique has received an additional capital contribution amounting to $3.5 million from the Government of Cameroon, raising the country's shareholding from 3.61% to 5.24%. Earlier in July this year, [...]
Kenya's Mutual Funds Assets Surged to KSh111 Billion in Q1 2021
Assets held by Kenyan mutual funds grew to a record KSh111 billion in the first quarter of this year, up from KSh76.3 billion in the first quarter of 2020 according [...]Acumen Secures $58 Million to Support Smallholder Farmers in Africa
The impact investment company, Acumen, has secured $58 million through its Acumen Resilient Agriculture Fund (ARAF). The funds will go to companies that support small scale farmers to adapt to [...]Prudential Plc to set up at Nairobi's International Financial Hub
Prudential Plc, one of the UK’s oldest underwriter brands, has applied to become one of the Nairobi International Financial Centre's anchor clients. Prudential, listed in London, Hong Kong, Singapore and [...]ILAM Fahari I-Reit Half-Year Profit Down 51% to KSh42.2 Million
ILAM Fahari I-Reit has posted a net profit of KSh42.2 million in the half-year period that ended on 30th June 2021, down from KSh86 million reported in the same period [...]Unga Group to Sell Ennsvalley Bakery to BigCold Kenya
Unga Group, one of the major food manufacturers in Kenya, has announced the planned sale of Ennsvalley's assets to BigCold Kenya. According to the NSE listed firm, Ennsvalley Bakery Limited [...]
