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 [...]The State of Online Trading in Africa, Top Trading Platforms in South Africa are Setting the Pace
According to the International Finance Corporate, the Internet resource will contribute $180 billion to the $2.6 trillion African GDP by 2025. The report shows fintech, which is inclusive of online [...]
Relief as IFC Global Partners Commit to Fund Vaccine Production in Africa
The International Finance Corporation, America's International Development Finance Corporation (DFC), Germany's Development Finance Institution (DEG) and France's Proparco on Friday announced a partnership to fund vaccine manufacturing in Africa. The [...]Absa Group in plans to Sell Asset Management Unit to Sanlam
Absa Group Limited, South Africa's third-largest lender, is said to be in discussion to offload part or all of its asset-management business to Africa's largest insurer, Sanlam Limited and African [...]
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 [...]
