LeapFrog raises Sh70.7 billion for investments in healthcare and financial services
Private equity firm LeapFrog Investments has managed to raise $700 million (KSh70.7 billion) for investing in high impact projects such as healthcare and financial services. The fund is focused on [...]
Senators Dismiss Gov't Plans to Privatise Sugar Companies
Senators have rejected plans to privatize five state-owned sugar millers saying that it will increase farmers woes in the country. The Senate's Tourism, Trade and Industrialization Committee has echoed MPs [...]
Singapore Firm Granted Permission to Set up Clothes Factory in Kenya
A Singapore firm, Mas Holdings Singapore Ltd, has been granted permission by Export Processing Zones Authority (EPZA) to open a clothes manufacturing factory in Athi River. The firm will invest [...]Microfinance Bank seeks Sh1 Billion Funding
Maisha Microfinance Bank is seeking a capital injection of Sh1 billion to help the bank survive market pressures. According to its Chief Executive Ireneus Gichana, the funding will also help [...]Gov't Plans to Open DCI Unit Within Sacco Regulator
The Government will open a Criminal Investigations Department unit within the Sacco Societies Regulatory Authority, according to Industry and Cooperatives Cabinet Secretary Peter Munya. According to Mr Munya, the unit [...]Rubis Energie Appoints Ex-Total Kenya executive as its CEO
French oil firm Rubis Energie has appointed former Total Kenya senior executive Jean-Christian Bergeron to be in charge of its East African operations. Mr Bergeron has worked for Total Oil [...]CMA licenses 2nd non-dealing online forex trading broker
Capital Markets Authority of Kenya (CMA Kenya) has approved the grant of a license to SCFM Limited to operate as a Non – Dealing Online Foreign Exchange Broker. The license [...]
Fitch gives Kenya’s upcoming USD debt B+ rating
Credit rating agency, Fitch Rating, has issued an expected B+ rating for Kenya’s upcoming US dollar denominated senior unsecured notes. The rating agency says it will issue a final rating [...]RBA reaches out to the 15 million informal sector workers
Only 20 per cent of Kenyan workers save for retirement in registered schemes. The remaining 80 per cent of workers who are mainly in the juakali sector do not belong [...]Equity Group seeks permission to start operating in Ethiopia as Q1 Profit rises by 6.1%
Equity Group has joined the race for the Ethiopian market. The bank’s CEO James Mwangi revealed that they had sent a request to Ethiopian authorities seeking permission to operate in [...]Equity Group retires two directors from its board
Dr. Peter Munga and Mr. Dennis Aluanga will no longer serve as directors in the board of Equity Group Holdings. Investors agreed on the matter during the firm’s annual general [...]KRA goes after tax from online businesses
Kenya Revenue Authority has issued a notice urging local online traders to pay taxes as required by law. Part of the announcement reads, “KRA has noted that some taxpayers engage [...]
