CMA Warns About Dominant Firms at The NSE
The Capital Markets Authority(CMA) has sent out an alarm over what it terms as the dominance of five listed firms at the Nairobi Securities Exchange(NSE). In its Q1, 2020 Soundness [...]
CDC Partners With Rwanda Finance on Development of Kigali International Financial Center
UK's CDC Group has signed a partnership with Rwanda Finance, a move that seeks to support the development of KIFC (Kigali International Financial Center); a new international financial capital for [...]
Amazon in Talks to Buy $2 Billion Stake in Bharti Airtel
The E-commerce giant, Amazon, is reportedly eyeing a $2 billion stake in Bharti Airtel, roughly 5% of the Company's current market value. The investment will not only boost India's digital [...]Softbank Launches $100m Growth Fund to Support Minority Founders
SoftBank has launched a $100 million fund to support ventures led by black people and other minority groups in light of the global uproar against racism. The new Opportunity Growth [...]BAT Kenya Makes Changes in its Board of Directors
British American Tobacco has announced changes in its board of directors, appointing Philemon Kipkemoi as an Executive Director in its board. Philemon has been with BAT for 14 years. He [...]Bolt Raises $109 Million Funding
The taxi-hailing company, Bolt Technologies, has received $109 million in funding from London-based investment firm Naya Capital Management. According to the company, they will use the funding to increase its [...]Novastar Ventures Secures $108 Million in Funding
Pan-African Venture Capital Manager, Novastar Ventures, has closed its second round of funding with a total of $108 million in commitments, bringing its total capital to $200 million. This makes [...]Safaricom : If not now, then when?
I will start with why people invest. At Berkshire investing is defined as the transfer to others of purchasing power now with the reasoned expectation of receiving more purchasing power [...]
Sub-Sahara Africa Q1 Mergers Acquisitions Hit $4.8 Billion
A report by Refinitiv Sub Saharan Africa Investment Banking Review for Q1:2020 reveals that the value of Mergers and Acquisitions (MA) hit $4.8B. However, the value is 48% less than [...]
Helios Invests KSh10 Billion in Acorn Holdings
Helios Investment Partners has announced a KSh10 billion equity investment in Acorn Holdings group, in addition to the initial KSh3 billion loans it had already offered Acorn. With this new [...]Details of Kenya-US Trade Investment Pact
In late January, President Uhuru Kenyatta travelled to the United States in a bid to cement a agreement between the two countries. The Kenya-US trade and investment pact will also [...]Safaricom Investment Cooperative Defers Dividends
The Safaricom Investment Cooperative (SIC) has frozen the dividends of its members for the year ended December 2019. This means that members will not receive any profits from their shares. [...]
