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equity group

IFC partners with NMG and KPMG for the 2022 Top 100 Awards

Staff WriterMay 25, 2022

The International Finance Corporation (IFC) has partnered with Nation Media Group’s (NMG’s) Business Daily and KPMG for the upcoming Top 100 SME Awards, slated ...

Ascent Rift Valley Fund invests in Valley Hospital in Nakuru

Staff WriterMay 22, 2022

Ascent Rift Valley Fund II LP has acquired a significant equity stake of Valley Hospital Limited located in Nakuru City, Kenya. David Owino, Managing Partner...

EFG Hermes named as one of Africa’s Fastest Growing Companies in 2022

Staff WriterMay 11, 2022

EFG Hermes Holding has been named named as one of Africa’s Fastest Growing Companies in 2022 by the Financial Times and Statista. The company has been featur...

Natbank Trustee reports a Ksh. 23 Million net profit for the year 2021

Samson NderiMarch 24, 2022

Natbank Trustee and Investment Services Limited (Natbank), a wholly owned subsidiary of the National Bank of Kenya Limited, has announced a profit after tax of...

Fleetsimplify, HydroIQ and Sukhiba among startups selected for Google for Startups Accelerator Africa Class 7

Samson NderiMarch 14, 2022

Three Kenyan startups, that is Fleetsimplify, HydroIQ and Sukhiba been selected as participants in the Google for Startups Accelerator Africa Class 7. The se...

AfricaGoGreen Fund receives over $30 million investments from the African Development Bank & Nordic Development Fund

Samson NderiMarch 11, 2022

The African Development Bank and the Bank’s Sustainable Energy Fund for Africa (SEFA) have approved a combined-equity investment of $20 million in the AfricaGoG...

Braeburn finalizes deal to acquire Hillcrest International School

Grace MathekaJanuary 27, 2022

Braeburn Schools Limited has reached a deal to acquire Hillcrest International Schools. The schools stated they reached the deal in principle on January 20th, 2...

Rolls-Royce partners with Qatar Investment Authority to invest in new low carbon nuclear power business

Grace MathekaDecember 22, 2021

The Rolls-Royce Group has reached agreement with the Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar, to invest Ksh. 12.7 bill...

I&M Bank posts a Ksh. 5.45 Billion net profit for Q3 2021

Grace MathekaNovember 30, 2021

I&M Group has registered a Ksh. 5.45 billion net profit, this is a 25% increase compared to a similar period last year, in its 2021 Quarter 3 financial resu...

Exinity, a fintech company launches new trading platform for forex & stock traders in Kenya

Grace MathekaNovember 25, 2021

Exinity, a trading and investment solutions company, has launched the Exinity Trader platform in the Kenyan market. Exinity Trader is a trading platform that...

CDC to invest Ksh. 452 billion to support emerging economies combat climate change

Grace MathekaNovember 8, 2021

The CDC Group has announced plans to invest over Ksh. 452 billion (£3 billion) to support emerging economies in Africa and Asia to combat the climate emergency....

More can be done to open Northern Kenya to the World

Staff WriterNovember 4, 2021

For over 50 years, the broader Northern Kenya has remained marginalized with low economic activity, high illiteracy levels and lack of key catalysts of growth l...

DCG secures Ksh. 78 billion to fuel subsidiary Luno’s expansion in the USA

Grace MathekaNovember 3, 2021

Digital Currency Group (DCG), Luno’s parent company, has closed a Ksh. 78 billion (USD 700 million) funding round from investors. The round was led by SoftBank,...

KEPSA renews 10-year agreement with MEDEF to support Kenyan & French businesses

Grace MathekaNovember 2, 2021

The Kenya Private Sector Alliance (KEPSA) and the Mouvement des Entreprises de France International (MEDEF) have renewed their Memorandum of Understanding (MOU)...

Applications for the 2021 Angaza Awards for women in banking are now open

Grace MathekaOctober 21, 2021

The Angaza Awards, Women to Watch in Banking and Finance program is open for submission of entries for the 2021 Top 10 Women to Watch list. The List will featur...

Amitruck, WorkPay & Pezesha among 9 Kenyan startups selected to receive funding from Google Africa Investment Fund

Grace MathekaOctober 18, 2021

Google has selected 50 startups drawn from Kenya, Nigeria, South Africa, Ghana, Ethiopia, Cameroon, Rwanda, Zambia, and Cote d’Ivoire to take part in the Africa...

Estée Lauder launches 2021 breast cancer campaign with plans to fund Faraja Cancer Support Trust

Grace MathekaOctober 12, 2021

The Estée Lauder affiliate companies have launched the 2021 #TimeToEndBreastCancer campaign in Kenya. The firm has been leading the global breast cancer movemen...

WHO has approved the Mosquirix Malaria vaccine

Grace MathekaOctober 6, 2021

The World Health Organization (WHO) has given the greenlight for the use of Mosquirix, the world's first malaria vaccine for children living in sub-Saharan Afri...

Unilever concludes the transfer of its stake in Limuru Tea to TeaCo

Grace MathekaOctober 5, 2021

The Unilever Tea Board of Directors has approved the proposal to have a separate entity to manage its tea business. This follows a decision by its parent firm U...

Google partners with female MPs in Kenya in a bid to improve digital skills for women & girls

Grace MathekaSeptember 16, 2021

Google has announced a collaboration with the Kenyan Women Parliamentary Association (KEWOPA) to improve gender equity, diversity and inclusion within organizat...

NSE posts a reduced Ksh. 77.4 million half year net profit

Grace MathekaSeptember 1, 2021

The Nairobi Securities Exchange (NSE) has reported a half year Net Profit of Ksh. 77.4 million, a 30% decrease from Ksh. 110.7 million posted in the first half ...

Liberty Holdings half year net profit drops to Ksh. 265 million

Grace MathekaSeptember 1, 2021

Liberty Kenya has registered Ksh. 265.1 million in net profit in the first six months of 2021. This is a decline from Ksh. 383.8 million posted in the first hal...

Mugambi Nandi has been admitted to Roll of Solicitors in England and Wales

Grace MathekaSeptember 1, 2021

KN Law LLP has announced the admission of its Senior Partner, Mugambi Nandi, to the Roll of Solicitors of the Senior Courts of England and Wales. Mugambi has...

DTB posts Ksh. 2.9B net profit for the half year ending June, 2021

Grace MathekaAugust 30, 2021

Diamond Trust Bank (DTB) has recorded a Ksh. 2.9 billion profit after tax for the half-year ending 30th June, 2021. This is a 16% increase from Ksh. 2.4 billion...

Bamburi Cement post Ksh. 776 million net profit for the half-year ending June, 2021

Grace MathekaAugust 27, 2021

Bamburi Cement has posted a net profit of Ksh. 776 million for the first six months ending 30th June, 2021, compared to Ksh. 721 million over the same period in...

Former US President Barack Obama joins NBA Africa as a strategic partner

Grace MathekaJuly 28, 2021

The National Basketball Association (NBA) has announced that former United States President Barack Obama has joined NBA Africa as a strategic partner. As a s...

Fitch Ratings affirms AfDB’s credit rating at ‘AAA’ with a stable outlook

Grace MathekaJuly 26, 2021

Global credit rating agency, Fitch Ratings, has affirmed the African Development Bank’s (AfDB) credit rating at triple As (AAA), with a stable outlook. Fitch at...

Crown Paints has managed to raise Ksh. 642 Million from a rights issue

Grace MathekaJuly 20, 2021

Crown Paints, a paint manufacturing company in Kenya, has raised Ksh. 642.7 million from its pre-emptive rights issue. The amount is equivalent to 64.3 million ...

Fusion Capital invests Ksh. 800 million to complete construction of Greenwood Mall in Meru

Grace MathekaJuly 5, 2021

Fusion Capital, a private equity firm, has raised Ksh. 800 million for the completion of Greenwood City Mall in Meru from local and international investors. ...

Globeleq begins development of a power project in Mozambique

Grace MathekaJune 15, 2021

Globeleq, a power producer, and the Private Infrastructure Development Group (PIDG), have announced the development of a storage power project at Cuamba, northe...

I&M Bank acquires majority stake in Uganda’s Orient Bank

Grace MathekaMay 4, 2021

I&M Holdings has completed the acquisition of a 90% stake in Uganda’s Orient Bank in a deal valued at Ksh. 3.6 billion. The firm, which is also listed in...

24 places you can get secondary school scholarships & how to apply for them

Faith WambuiApril 26, 2021

Secondary education is compulsory for every child in Kenya under the Basic Education Act. However, many parents can barely afford to give their children this ri...

EFG Hermes registers 12% increase in revenue despite economic downturn of COVID-19

Grace MathekaMarch 23, 2021

EFG Hermes, a financial services corporation in Frontier Emerging Markets (FEM), has released its full year results for 2020. The firm has registered increase i...

KN Law LLP opens branch in London in a bid to grow its clientelle

Grace MathekaMarch 17, 2021

KN Law LLP has set up a branch and relocated one of its partners to London to coordinate its growing corporate, M&A and PE client base. This move is aimed a...

IFC appoints Amena Arif as new head for East Africa & Malawi

Grace MathekaMarch 15, 2021

The International Finance Corporation (IFC), a member of the World Bank Group, has appointed Amena Arif as its new Country Manager for East Africa and Malawi. ...

15 places you can get quick loans in Kenya in 2021

Samson NderiJanuary 28, 2021

We have all at one point in time been in a situation where we needed some cash to sort out something urgently. The quickest source of this cash is family and fr...

Standard Chartered emerges top in KBA survey on digital banking

Grace MathekaJanuary 27, 2021

Standard Chartered Bank has emerged as the winner in a survey that was conducted by the Kenya Bankers Association (KBA). KBA conducted the survey to gauge Kenya...

Investisseurs & Partenaires a PE firm has opened an office in Nairobi

Samson NderiSeptember 23, 2020

Impact investing group Investisseurs & Partenaires (I&P) has opened a Nairobi office as part of its expansion into Kenya and the East African region, ta...

DTB announces reduced half year net profit of Ksh. 2.6 billion

Staff WriterAugust 26, 2020

Diamond Trust Bank (DTB) has announced that it has reported a Ksh. 2.6 billion net profit for the half year ended 30th June 2020. This marks a reduction from th...

KCB Lions Den becomes first Kenyan production to be available on Netflix

James WamathaiMay 22, 2020

Entrepreneurship reality TV show KCB Lions Den is now available for streaming on the video on demand platform, Netflix. Lions Den becomes the first Kenyan produ...

UAP Insurance Kenya FY 2019 net profit rise to Ksh. 1.249 billion

Staff WriterApril 2, 2020

UAP Insurance Kenya has announced a Ksh. 1.249 billion profit before tax for the financial period ended 31st December 2019. This is a 316% increase from the Ksh...

Mobile loans apps among the most downloaded apps in Kenya in 2019

James WamathaiJanuary 10, 2020

The availability of the Internet in Kenya has led to a steady increase in Internet users. It is estimated that there are about 22 million Internet users in Keny...