NCBA Investment Arm Sees Banking Stocks Dominate Activity at NSE
The Banking Sector had shares worth KSh1.2 billion transacted which accounted for 42.62% of last week’s (20-24 January 2020) traded value. Equity Group Holdings actively moved 10.8 million shares, valued [...]
CS Adan Mohamed Proposes Law to Protect Minority Shareholders
The Ministry of EAC and Regional Development propose that minority shareholders have a greater say in takeovers. The ministry, through CS Adan Mohamed, suggests reverting to previous laws that require [...]
Fanisi Capital and Ascent Capital to Merge
Private Equity companies Fanisi Capital and Ascent Capital have disclosed plans to consolidate their funds with the aim to earn higher returns for their investors. According to a joint statement, [...]
President Uhuru Promises Friendly Investment Environment
President Uhuru promised UK investors friendly policies during the recently concluded UK-Africa Investment Summit. The President vowed to remove obstacles limiting business performance, urging investors to venture into sustainable projects [...]GCR Withdraws Cytonn's Investment Rating
Credit rating company GCR has withdrawn its issuer ratings for Cytonn Investment Management PLC for analytical reasons. An announcement on the company's website reveals that it last rated Cytonn in [...]Ethiopia to Set Minimum Foreign Investment at $ 200,000
Individual foreign investors looking to fund infrastructure and business projects in Ethiopia will have to cough at least $200,000 according to a draft bill. On the other hand, the bill [...]2019 in Review: 17 Companies Issued Profit Warnings
2019 marked another year where local and international businesses in the Kenyan market struggled financially as evident in the number of profit warnings. A total of 17 companies of the [...]Rensource, Nigeria Solar Startup, Raises $20 Million
Nigerian solar-power startup, Rensource, has raised $20 million (KSh2 billion) in its Series A round of funding to boost off-grid solar power. Investors who took part in the funding include [...]4G Capital Secures $4Million Investment as value of loans hit $90 Million
Nairobi headquartered Fintech firm 4G Capital has announced the completion of its second round of fundraising which was secured by a $2m debt facility from Ceniarth LLC, bringing the total [...]CBK Extends Five-Year Bond Sale to 19th December
The Central Bank of Kenya (CBK) is inviting investors to buy a five year treasury bond with an average interest payment of 11.49% per annum. The KSh 25 billion bond [...]Treasury Bills Undersubscribed After Rate Cap Repeal
The subscription of Treasury bills fell from 55.3% to 53.5% as liquidity tightens. The slow uptake of short-term debt instruments is also because banks are looking to lend to the [...]European Union Commits KSh2.9 Billion to Kenya
The European Union has signed an agreement to commit KSh2.9 billion, geared towards boosting Kenya's public finance planning kitty. This happened at the ongoing 9th African, Caribbean and Pacific (ACP) [...]
