Safaricom to Own 51% in Ethiopian Telco
Kenya's leading Telco, Safaricom, will own a majority stake of 51% in the consortium of firms seeking a Telecommunication license in Ethiopia. The information surfaced during Vodacom's H1 2021 results [...]
Weekly Deals Digest Nov 4th Nov 10th
In this week's deals digest, Fintech led investments in Africa with Kuda's $10 million investment. In emerging markets, Reliance Retail led the region following a $1.3 billion into the retailer [...]
CMA Grants REIT Manager License to Acorn Investment Management Ltd
Acorn Investment Management Limited has been granted a Real Estate Investment Trust (REIT) manager license by the Capital Markets Authority (CMA) following the fulfillment of applicable regulations. The license issuance [...]
NSE Extends Trading Suspension of Nairobi Business Ventures
The Nairobi Securities Exchange( NSE) has extended the suspension of Nairobi Business Ventures(NBV) from trading at the bourse. The extension is to allow for completion of the company's restructuring process [...]
CBK Raises KSh 29.7 Billion from Weekly T-Bills Auction, 126.6% Subscription Rate
The Central Bank of Kenya(CBK) accepted bids worth KSh 29.66 Billion from the weekly Treasury Bills auction that was held on Thursday 12th November 2020. This is against bids worth [...]Zambia $3 Billion Eurobond Holders Reject Payment Deferral Request
Zambia's $3 billion Eurobond holders have rejected a request from the government to defer interest payments, risking it to become Africa's first COVID-era sovereign default. The government of Zambia had [...]IM Holdings Calls for an Extraordinary General Meeting
IM Holdings has issued a notice to its shareholders inviting them to an Extraordinary General Meeting (EGM) on 2 December 2020. The purpose of the meeting is to pass a [...]NSE Turnover Rises 4% to KSh 608.68 Million
Turnover at the Nairobi Securities Exchange (NSE) edged up to KSh 608.68 Million on a volume of 23.98 Million shares that exchanged hands in 709 deals. This performance at the [...]CMA Partners to Test Kenyan Products Abroad in Market Deepening Drive
The Capital Markets Authority (CMA) has teamed up with the Global Financial Innovation Network (GFIN) members to allow Kenyan innovators to test their financial services and products across borders. CMA [...]NSE turnover rises 42% to KSh 587.9 Million
Turnover at the Nairobi Securities Exchange (NSE) maintained an upward trajectory to KSh 587.9 Million, an increase of 42%. This was on a volume of 16.38 Million shares that were [...]Value of EA Corporate Deals Surpasses KSh130 Billion in October
Despite the economic downturn caused by the coronavirus pandemic, the value of corporate transactions in the East African region surpassed KSh130.9 billion in the first ten months of 2020 according [...]Nairobi Business Ventures Shareholders Approve Ksh 83Mn Acquisition by Delta International FZE
The shareholders on Nairobi Business Ventures, a shoe and leather accessories retail chain listed on the Nairobi Securities Exchange,have approved Ksh83 million capital injection by Delta International FZE. Shareholders approved [...]
