Business Activity Rises Sharply in January
Economic conditions in the Kenyan private sector improved at a solid pace in January, driven by sharp increases in output and new business activity, a monthly stanbic survey has revealed. [...]
PE Firm Everstrong Capital Buys Majority Stake in Kenya's SealTowers Limited
American Private Equity fund, Everstrong Capital has bought a majority stake in SealTowers Limited, a Kenya-based independent provider of cell towers. However, the deal is still subject to regulatory approvals, [...]
Posta Receives KSh65 Million from Treasury for Logistics Fleet
The Postal Corporation of Kenya (Posta) has received KSh65 million from the National Treasury, seeking to modernize its logistics fleet. The funds will be used for the acquisition of a [...]CBK Collects KSh 25.8 Billion from Weekly T-Bills Auction
Central Bank of Kenya(CBK) received bids worth KSh 27.8 Billion at the weekly Treasury Bills Auction, an oversubscription of 115.82% and accepted KSh 25.8 billion. The most attractive instrument at [...]
NSE Daily Equity Turnover rises 98% to KSh 1.1 Billion
Nairobi Securities Exchange(NSE) recorded a significant increase in equity turnover to KSh 1.1 Billion from the previous KSh 510.6 Million. The number of shares traded also increased to 30.8 Million [...]Moody's Acquires 51 % Stake in Africa's Leading Rating Agency, GCR
Moody’s Corporation announced that it has agreed to acquire a majority (51%) stake in Global Credit Rating Company Limited (GCR). GCR is a leading credit rating agency in Africa with [...]AfDB Approves First Public Private Partnerships Strategic Framework
The African Development Bank Group (AfDB) has approved its first strategic framework for the development of public-private partnerships, a crucial step in further address the infrastructure gap in African countries. [...]Lami Technologies, Kenyan Insurtech Startup Acquires Bluewave Insurance Agency
Lami Technologies, a Kenyan insurtech startup has acquired Bluewave Insurance Agency for an undisclosed amount, entered Malawi and Democratic Republic of Congo as it seeks for markets in Africa Bluewave [...]Rwanda’s Economy To Grow 7.2 Percent in 2022-World Bank
The World Bank projects Rwanda’s economy will grow by 7.2 percent in 2022 and 7.9 percent in 2023, the international lender said in the18th edition of the Rwanda Economic Update [...]Kenya's Afya Rekod Raises $2 Million in Seed Funding
Kenyan-based health record management platform, Afya Rekod has raised $2million in its round of Seed funding, seeking to expand its services across Africa. Investors who took part in the funding round include [...]Kenya Floats International Tender for leasing of BRT buses
Kenya has floated an international tender from original bus manufacturers, motor vehicle dealers, leasing companies, financial institutions and interested firms for provision of buses and transport services for the Bus [...]NSE Daily Equity Turnover declines 32% to KSh 510 Million
Nairobi Securities Exchange(NSE) recorded a decline in daily equity turnover to KSh 510 Million from the previous KSh 750 Million while the volume of shares traded stood at 13 million [...]
