Kenya Proposes Hefty fines, Stiff Jail Terms On Secret Shareholders
The noose has tightened on secret Central Depository (CDS) account shareholders who fail to disclose their identity. This is if parliament passes proposed amendments contained in the Finance Bill 2021. [...]
World Bank's IFC to Lend $25 Million to Kenyan Real Estate Company
The International Finance Corporation (IFC), the private-sector development arm of the World Bank, has announced that it plans to lend $25 million (KSh2.7 billion) to Stellar Warehousing and Logistics Limited, [...]
Britam Holdings Plc sinks into Net Loss of KSh 9.1 Billion
Britam Holdings Plc reported a net loss of KSh 9.1 Billion for the financial year ended 31st December 2020. The financial services provider firm attributes this depressed financial performance to [...]Stock Investing for Dummies: A Step-by-Step Guide
It’s important to always have a side hustle of some sort, and looking into stock investment is a great idea. Stock investing is popular since the creation of the stock [...]
Retail Investors Retreat From the NSE in Q1 2021
The Nairobi Securities Exchange (NSE) recorded a dip in the number of retail investors in the first quarter of this year, despite its best efforts to grow the list of [...]Waterfront Karen Mall Not for Sale, says late Muguku's family
Waterfront Karen Mall Managing Director David Muguku, son to the late billionaire Nelson Muguku has denied media reports that this family property is up for sale. In a statement, Muguku [...]IFC to Invest KSh215 Million in Nairobi Based Antler EA
The International Finance Corporation (IFC), which is part of the World Bank, plans to invest up to $2 million (KSh215 million) in Antler East Africa, a venture capital firm based [...]Absa Kenya Launches Asset Management Unit
Absa Kenya has officially launched the Absa Asset Management Limited, a wholly-owned subsidiary that will offer wealth and asset management, as it eyes a piece of the lucrative KSh 1.3 [...]Mo Dewji, Only East African on Forbes List of 18 Richest Africans
Tanzanian Billionaire and businessman Mohammed Dewji is the only East African listed on the latest Forbes list of the 18 richest Africans. The 45-year-old tycoon is worth $1.6 billion and [...]South Africa's Infrastructure Dreams are Pinned on the Demand for Green Bonds
South Africa intends to tap into worldwide demand for green bonds funds and an R2.3 trillion infrastructure program over the next. Everything in South Africa is behind schedule, from power [...]Mastercard Invests $100 Million into Airtel Mobile Commerce BV, Airtel's Mobile Money Business
Airtel Africa and Mastercard have signed an agreement in which the global payments provider will invest $100 million in Airtel Mobile Commerce BV (AMC BV), Airtel Africa's Mobile. Upon completing [...]Savannah Venture Capital launches a $25M fund for African Startups.
Savannah VC Managing Partner Mbwana Alliy
