Inspiring Sustainable Business in Africa
KENYA – Standard Bank of South Africa has been given more time to buy an additional 14.8 million shares with a current market value of US$10.95 million in its Kenyan subsidiary Stanbic Holdings . The multinational started accumulating more shares in the Nairobi Securities Exchange (NSE) listed firm in July 2018 and had raised its stake in the lender to 71.16…
Read MoreKENYA – Businessman and industrialist Dr. Chris Kirubi is set to pay about KSh3 billion (US$28.2m) for an additional 19.9 per cent shareholding and own half of Centum Investment Company PLC, following a go-ahead by the Capital Markets Authority (CMA) to acquire more shares. Mr Kirubi, who currently holds 30% shareholding in Centum, has received an exemption from the CMA…
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KENYA – Cytonn Investment, an independent investments management firm has filed an application with the Capital Markets Authority (CMA), to register a Development Real Estate Investment Trust, (DREIT), seeking to raise KSh2billion (US$20m) of capital. The Investment Trust, which is structured to pay a coupon over the life of the development, will be deployed for the first phases of two…
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