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 [...]Ghana Announces Plans for a $2 Billion Social Bonds Sale
Ghana has announced plans to issue green and social bonds of up to $2 billion by November this year, making it the first African country to sell debt to fund [...]NSE Derivatives Market Turnover Hits KSh 148 Million in H1, 2021
The Nairobi Securities Exchange(NSE) Derivatives Market has grown steadily since its launch in July 2019, with turnover growing from KSh 20.5 Million in 2019 to KSh 148 million by the [...]
Zanzibar Woos Foreigners with Mouth-Watering Tax, Residency Plan
Zanzibar has rolled out a new tax and residency programme for expatriates to live and invest in the Tanzanian island. This move follows huge infrastructural and tourism-friendly initiatives that have [...]What are Active Stocks and How They Work
The termactive stocks refers to shares of corporations that are frequently traded through an exchange. These stocks are often traded and bought, that is to say they are able to [...]Nairobi Business Ventures Changes its Leadership Team
As part of an overhaul of its leadership team, Nairobi Business Ventures (NBV) has appointed the former Nairobi Securities Exchange (NSE) Chairman, Samuel Njuguna Kimani, as the new chairman on [...]Nairobi Business Ventures to Acquire 4 Businesses at KSh3 Billion
Nairobi Business Ventures (NBV) has announced plans to acquire four businesses in Kenya at a combined cost of KSh3 billion. According to a public statement, NBV intends to purchase 100% [...]TPS Eastern Africa to Offer 200 Million New Ordinary Shares in Rights Issue
TPS Eastern Africa, the owner of Serena Hotels plans to issue 200 million new ordinary shares through a rights issue after its shareholders passed a special resolution during the company's [...]European Investment Bank to Invest $95 Million in Geothermal Power in East Africa
The European Investment Bank (EIB) has agreed to invest $95 million (KSh10.2 billion) in geothermal power projects in East Africa. Some of the countries set benefit from the investment are; [...]South African Firm Seeks to Acquire 84.2 Million Shares in Liberty Kenya
Liberty Holdings, a leading South African financial services company and a major shareholder in Liberty Kenya Holdings seeks to purchase an additional 84.2 million shares in Liberty Kenya Holdings through [...]
