SBM Holdings Completes Acquisition of Fidelity Bank Kenya
The Central Bank of Kenya (CBK) has announced the completion of the acquisition of a majority stake in Fidelity Commercial Bank Limited (FCB) by SBM Africa Holdings Limited (SBM Africa), [...]
DOB Equity, IFC CDC Team Up to invest in transforming Kenya’s warehouse industry
DOB Equity, a leading Dutch family office, will invest up to US$4 million in Africa Logistics Properties Holding (ALP), a developer and manager of modern grade-A warehousing in Kenya, to [...]KCB Group Posts Slight Drop in Q1 2017 Earnings, Asset Base Hits Sh 600B
Kenya's largest bank by assets, KCB Group has reported a slight drop in its net profit for the first three months of 2017. Net profit came in at Sh 4.54 [...]Not Again? Mumias Sugar To Get Another Sh 3 Billion Bailout By End Of June
The management of loss making miller, Mumias Sugar company has confirmed that the company is in the final stages of negotiating with the government for another sh. 3.1 Billion package. [...]AMADEUS hosts East Africa’s first Travel Cyber Security Forum
According to a recent survey by Cisco, 75% of the 130 sampled companies are affected by adware infections. With cyber-attacks becoming a growing threat worldwide, Amadeus East Africa in collaboration with [...]Britam lowers money market fund to Sh 1000 as it targets mass market
Britam Asset Managers has lowered its money market fund investment amount to Ksh 1,000 in a bid to encourage Kenyans to save more. The will allow investors to invest from [...]Kenya's CBA Group To Acquire Crane Bank Rwanda
According to Rwandan publication The New Times', Kenya's Commercial of Africa (CBA Group) is at an advanced stage of acquiring Crane Bank Rwanda and the deal is expected to be completed in a few days. The [...]Safaricom Earnings Up 27% To Sh 48.4 Billion, Collymore Gets 2 year Contract Extension
The largest and most successful telecommunication company in East and Central Africa, Safaricom Ltd (SCOM) has announced its full year 2017 results reporting an increase of 27.1 percent in net [...]Safaricom Officially Unveils M-Pesa Payments Card To Rival Visa Mastercard
In 2016, Safaricom (SCOM), arguably Kenya's most innovative company announced it was working on a payments card with the view accelerating payments on its M-Pesa mobile money service. The card [...]Marshalls East Africa Shareholders Vote to Delist from NSE
Marshalls East Africa shareholders have approved the proposed delisting of the company from the Nairobi Securities Exchange at the 68th Annual General Meeting held on 8 May 2017. The motor vehicle dealer last month handed [...]Opera Software Opens Kenya Nigeria Offices, Pumps $100M to grow African digital economy
Opera, the developer of the most popular mobile browser in Africa, has announced plans to open offices in Kenya and Nigeria as it invests $100 million (10.3 billion Kenyan Shillings) over the [...]Kenya Re-Opens 10, 15 year Bonds Worth Sh 40 Billion
The Kenyan Government through the Central Bank has reopened the sale of ten and fifteen -year fixed coupon treasury bonds worth Sh 40 Billion. The central bank said in a statement that [...]
