Centum Posts KSh1.37 Billion Full-Year Net Loss, Changes its Dividend Policy
The giant investment company Centum Investment reported a KSh1.37 billion full-year net loss for the period that ended on 31st March 2021, from a net profit of KSh4.6 billion in [...]
CMA Partners with Mauritian Regulator to Strengthen Compliance
Kenya's Capital Markets Authority (CMA) has signed an agreement with the Financial Services Commission (FSC) Mauritius to strengthen compliance in the Kenyan and Mauritian capital markets. Through the partnership, the [...]French Telco, Orange, Shows Interest in Ethiopian Telecommunications Firm
The French-based telecom company, Orange, has expressed interest in purchasing some shares in Ethio-Telecom, Ethiopia's state-owned telecommunications company. The Ethiopian mobile phone company is in the process of privatising its [...]IFC Invests Nearly KSh 81 Billion in Africa's Telecoms, Media Tech Sectors
The International Finance Corporation (IFC) has announced that it invested over $1 billion (KSh108 billion) in the telecoms, media and technology (TMT) industry in emerging markets in the last fiscal [...]Foreign Direct Investment Flows Set to Recover in 2021
Global foreign direct investment (FDI) flows are projected to recover this year, after a 35% drop last year due to the covid19 crisis. The latest United Nations World Investment Report [...]IFC Invests $1.2 Million in Tanzania's Corporate Bond
The International Finance Corporation (IFC), the private sector investment arm of the World Bank, on Thursday ploughed in $1.2 million (KSh129.8 million) in a five-year corporate bond issued by the [...]Safaricom Pays KSh106 Billion in Taxes License fees to Kenyan Government in 2021
For the 13th year in a row, the Kenya Revenue Authority named Safaricom as the top taxpayer in Kenya in 2020. The leading telecommunications company paid KSh106 billion in duties, [...]Unaitas Receives KSh1 Billion Funding from OikoCredit for SMEs
Unaitas Kenya has received KSh1 billion funding from Dutch private equity firm, Oikocredit, to fund small businesses in the agribusiness space. The firms said the funds will be repaid over [...]
REITs Are the New Way to Invest in Real Estate in Kenya
Real Estate Investment Trusts (REITs) are gaining traction in Kenya. They are investment instruments backed by income-generating properties like apartments, offices, or hotels. The Real Estate Investment Trusts (REITs) launched [...]UK Other G7 Partners to Invest Over $80 Billion in Africa
The UK, other G7 countries, and multilateral partners including the International Finance Corporation, the African Development Bank, and the European Investment Bank have announced plans to collectively invest $80 billion [...]Shelter Afrique Receives an Additional KSh1 Billion Investment from Kenya
Shelter Afrique has received an additional KSh1 billion investment from Kenya, representing an additional 3.9% stake. This new investment now moves Kenya’s shareholding up from 14.82% to 18.72%. Kenya’s shareholding [...]Jubilee Holdings Invests KSh4.4 Billion in Uganda's Bujagali Power Plant
Jubilee Holdings has announced an additional investment of KSh4.4 billion in Uganda’s Bujagali hydroelectric power plant, Africa’s largest privately financed hydropower project. This new investment now raises its stake in [...]
