Africa Stock Market News

Kenya

Loading...

Kenya Related News

Dutch PE firm DOB Equity plans to double its Kenyan portfolio

Dutch PE firm DOB Equity targets to double its Kenyan portfolio this year ... Bridge, and PowerGen. The East Africa-focused fund typically invests between €250,000 (Sh27.25 million) and €2 million (Sh218 million) in mid-sized firms for a minority ...

From Business Daily Africa

Google’s Launchpad Accelerator expands to Kenya, Nigeria and South Africa

Startups from Kenya, Nigeria and South Africa are eligible to apply ... and 31 startups currently participating. The equity-free program accepts applications from late-stage tech startups in emerging markets. The six-month training begins at the Google ...

From PC Tech Magazine

Kenya-based mobile tech company, Tala raises US$30 million to launch in new markets

has raised more than US$30 million in a Series B funding round led by later-stage venture capital and growth equity firm, IVP. Launched in 2011, Tala, which has an office in Nairobi, Kenya and operates in East Africa and Southeast Asia, is working to ...

From techloy.com

South African Private Equity Firm Acquires Kenyan Unit of Aon

A South African private equity firm has acquired the Kenyan unit of global insurance ... and is banking on the buyout to tap into the growing insurance brokerage market in Kenya and across the continent. “We will be working with management to build ...

From ghanastar.com

Kenyans allowed to buy into 19pc I&M Rwanda offering

Rwanda’s capital markets regulator said on Thursday Kenyans, as well as all citizens of East African Community states would be free ... Uchumi Supermarkets, and Equity Bank.

From Business Daily Africa

Kenya’s bourse benchmark index exceeds 2,900 points

stock market The index had hit an eight-year low of ... including Kenya Commercial Bank (KCB), Equity Bank, Safaricom and East African Breweries Ltd. Most of the large stocks, however, are now on a recovery path albeit marginally leading to the current ...

From www.newsghana.com.gh

Kenyan banks vie for a piece of the mobile-money market

Equity Bank, KCB Group and Cooperative bank are trading below ... Elsewhere, banks have launched strategy to claim a piece of the lucrative mobile money transfer market, by introducing an integrated cash transfer system through the Kenya Bankers Association.

From cnbcafrica.com

Kenya leads East Africa in value of 2016 merger deals

Kenya led the East Africa region in the number and disclosed ... We expect this to increase substantially over the medium term.” The market driver for Kenya in 2016 was mergers and acquisitions, private equity investments and joint ventures.

From Business Daily Africa

Kenya: Safaricom Still Market Leader as Users Drop 1.2 Million

Safaricom added 669,594 subscribers in the three months ended last September, maintaining its market leader position with a total ... day period," said the CA director-general Francis Wangusi. Equity Bank's Equitel was the biggest gainer in the three ...

From AllAfrica

Kenya set to remain a hotspot for Private Equity investments in East Africa

Kenya has been tipped to remain a hotspot for private equity (PE) with global deal makers ... of global capital looking for opportunities in Africa, the attractive valuations in private markets compared to public markets and better economic growth in ...

From asokoinsight.com

Kenya set to remain a hotspot for PE investments in E Africa

Kenya has been tipped to remain a hotspot for private equity (PE) with global deal makers ... of global capital looking for opportunities in Africa, the attractive valuations in private markets compared to public markets and better economic growth in ...

From Business Daily Africa

Rwanda: Another Kenyan Bank Set to Enter Local Financial Market

Kenya Commercial Bank-Rwanda and Equity are the other Kenyan banks operating in ... The bank's entry into the market follows that of another regional Bank of Africa into the Rwandan market after buying a majority share in Agaseke Bank.

From AllAfrica

Kenya among 10 markets expected to deliver superior returns in 5 Years, Credit Suisse

“Currently, frontier markets represent 16% of the global population, occupying 12% of the planet’s landmass, generating 5% of world economic activity, while offering just 0.5% of the global equity market ... On M-PESA “East Africa now accounts ...

From kenyanwallstreet.com

Dutch family office takes stake in Kenya’s Countryside Dairy

with an estimated potential value of $2.8bn annually as the dairy market matures.” “Currently, only 13% of total milk products are traded formally. DOB Equity remains firmly committed to making social impact investments in Kenya and other East African ...

From asokoinsight.com

Kenyan govt increases stake in KenGen

The Kenyan government has raised its stake in electricity generating company, KenGen to 73.9 per cent after treasury converted the firm's $200 million debt into equity ... at Craft Silicon joins CNBC Africa to discuss market movements in the Kenyan ...

From cnbcafrica.com

Private equity firm LeapFrog buys Kenyan pharmacy chain stake

Private equity is gaining popularity in the region as funds and wealthy individuals seek higher returns than stock and debt markets can offer ... serves 600,000 customers from 19 outlets in East Africa, LeapFrog said, calling the deal the largest direct ...

From Reuters

Mauritian bank eyes Kenyan market with Fidelity acquisition

“SBM Group will bring its experience and expertise from Mauritius and other markets, to enhance competitiveness and the resilience of Kenya’s banking sector. SBM Group is pursuing an international expansion strategy, and for the African ...

From citizentv.co.ke

Kenya’s Largest Bank To Enter Southern Africa Via Botswana Stock Exchange

after Equity Group halted its expansion into DRC. “Next year, we want to go into more markets. Democratic Republic of Congo remains a key focus for the group. We are keen on Ethiopia, Somalia and also the Southern Africa area, Joshua Oigara, KCB Group ...

From AFKinside

Kenya’s Largest Bank To Enter Southern Africa Via Botswana Stock Exchange

after Equity put on hold its expansion into DRC. “Next year, we want to go into more markets. Democratic Republic of Congo remains a key focus for the group. We are keen on Ethiopia, Somalia and also the Southern Africa area, Joshua Oigara, KCB Group ...

From AFKinside

UPDATE 1-Kenya's Equity Bank Group 9-month pretax profit up 18 pct

The lender, the biggest in the East African country by the number of depositors, said net interest income rose to 32.3 billion shillings, from 25.6 billion in the year-earlier period. Equity largely banks the lower-income part of the Kenyan market.

From Reuters

Equity stock brokerage arm Exotix named Africa’s best (Kenya)

Equity Investment Bank (EIB) and Exotix Partners have been named the best performing market intermediary in Africa after tripling their share of the Kenyan market in 2015. The EIB and Exotix, who entered into a partnership in August 2014, were awarded at ...

From asokoinsight.com

Kenyan banking stocks record double digit gains

Joining CNBC Africa to discuss market movements in the Kenyan market is Shiv Arora, Head of Private and Equity Real Estate at Cytonn Investments.

From cnbcafrica.com

Abraaj’s $1 billion PE fund shops for local hospital stake deals (Kenya)

Dubai-based private equity (PE) firm Abraaj Group is shopping to expand its interests in Kenya’s healthcare sector with a purse of Sh101.3 billion ($1 billion) targeting South Asian and African markets. The company has been scouting for local hospitals ...

From asokoinsight.com

Bowmans Kenya advises ARM Cement on largest equity deal in East Africa

A team of specialist corporate lawyers at Bowmans Kenya has been involved in the largest equity deal in Kenya and East Africa in 2016 ... banking & finance, capital markets, real estate, mining, competition, employment and Tanzania law aspects of the ...

From africabusinesscommunities.com

Kenya’s ARM Cement raises $140m equity financing from the CDC Group to meet demand

ARM was advised by Bowmans Kenya, the largest equity deal in Kenya and East Africa in 2016, and one of the largest equity ... banking & finance, capital markets, real estate, mining, competition, employment and Tanzania law aspects of the deal.

From techmoran.com

Kenya avoids Brexit moment as markets disregard doomsayers

The market reaction isn’t what some expected ... away from the 5 to 6 percent return on equity in Europe and the 15 percent return on equity in South Africa,” he said Sept. 21. “Even if returns in Kenyan banks fall down to 20 percent, from the ...

From bloomberg.com

Kenya’s 3G Direct Pay Raises Undisclosed Funding Plans to Launch in 10 New Countries

Kenya’s online payments firm 3G DirectPay has raised an undisclosed funding from Apis Partners LLP, a private equity asset manager focused on financial services in the growth markets of Africa and Asia and rebranded to Direct Pay Online Group ...

From techmoran.com

Kenya ranked ninth among 28 African states in FDI

Kenya clinched deals worth Sh8.6 billion ($85 million) between January and August, putting it behind South Africa with Sh100 billion ... foods company made a deal with the Netherlands-based DOB Equity, which gives a minimum of Sh100 million to take ...

From Business Daily Africa

Interest Rate Caps Boon for Big Kenyan Banks, Equity CEO Says

Only seven financial institutions, including KCB Group Ltd., Co-operative Bank of Kenya Ltd., Diamond Trust Bank Kenya Ltd. and Commercial Bank of Africa Ltd. qualified ... problem by volumes.” Equity has a 10 percent market share, 11 percent of the ...

From Bloomberg

Equity of Kenya Has 100 Billion Shillings to Help Double Loans

Equity Group Holdings Ltd., Kenya’s biggest lender by market value, has as much as 100 billion shillings ... up to 100 billion shillings for additional lending,” he said. Banks in East Africa’s biggest economy have warned that new limits that ...

From Bloomberg

Visa enters mobile payments market in Kenya with mVisa

and is expected to stir up competition in a market dominated by Safaricom's M-Pesa and Equity Group's, Equitel. Andrew Torre, Group Country Manager for Visa in Sub-Sahara Africa joins CNBC Africa for more insight into this.

From cnbcafrica.com

DOB Equity invests in Twiga Foods (Kenya)

DOB Equity, a Dutch family office ... Twiga Foods will raise food security on the continent and will help unlock the urban African consumables market which is approaching $1 trillion in annual value,” she added. Twiga Foods is a fast moving consumer ...

From asokoinsight.com

Banking stocks continue losing streak on Kenyan bourse

with the likes of Equity Group, KCB and Cooperative Bank dropping by more than 9 per cent. However, corporate banks such as Standard Chartered and Barclays Bank of Kenya have registered gains in share price. Joining CNBC Africa to discuss market movements ...

From cnbcafrica.com

Are Satanic Forces Influencing Kenyan Rates Policy?

Although there are good political reasons for Kenyatta to sign the bill, such a radical repression of interest seems to run contrary to the traditional Kenyan philosophy of free markets ... the average in Sub-Saharan Africa precisely because it relies ...

From fronteranews.com

DOB Equity invests in Kenyan tech-enabled food wholesaler

A Dutch family office has taken a bite of the growing $700 million African micro-vendor food market. DOB Equity announced this week it became a minority shareholder in Twiga Foods, the Kenyan wholesaler, but was tight lipped on the percentage and cost of ...

From Campden FB

Kenyan President Kenyatta Signs Law To Cap Interest Rates, Shocks Markets

“I share these concerns. Despite having one of the most efficient and effective financial markets, Kenya has one of the highest returns-on-equity for banks in the African continent. Banks need to do more to reduce the cost of credit and ensure that the ...

From AFKinside

Equity Bank prepares for Munga exit as it appoints new directors

ALSO READ: KENYA SEND UGANDA HOME: Women’s basketball team inches closer to Africa tourney The ... Bank of Kenya and the Capital Markets Authority via statutory documents filed last Thursday. ALSO READ: HAWKS SWEET WIN: Equity bags 2016 basketball ...

From Standard Group

SPECIAL REPORT: Raising Funds for Non-bank Financial Institutions in Africa

In most markets, banks themselves are reluctant to lend to NBFIs, given the potential long-term competitive threat. For example, Capitec of South Africa and Equity Bank of Kenya, which are now very much fully-fledged banks, have roots as NBFIs. In South ...

From MicroCapital

Google’s Launchpad Accelerator expands to Europe and Africa

The equity-free program accepts applications from late ... and continued support from Google back in their home country. These are the markets that can apply starting today: Africa: Kenya, Nigeria, and South Africa Europe: Poland, Czech Republic, and ...

From VentureBeat

Better returns ahead expected for African equities

Most African equity markets had a difficult 2016, generating negative dollar returns. The worst performers were Egypt and Nigeria, which fell 47% and 41% respectively, while the standout performer was Morocco, returning 26%. Kenya, the other large ...

From asokoinsight.com

East Africa Private Equity Association appoints two new directors

NAIROBI, Kenya, Feb 15 – East Africa Private Equity and Venture Capital Association (EAVCA ... critical to members and the development of the industry in this nascent PE market. This includes addressing the policy issues surrounding the industry ...

From exchange.co.tz

East Africa Private Equity Association appoints two new directors

NAIROBI, Kenya, Feb 14 – East Africa Private Equity and Venture Capital Association (EAVCA ... critical to members and the development of the industry in this nascent PE market. This includes addressing the policy issues surrounding the industry ...

From exchange.co.tz

Safaricom valued more than 9 top NSE firms combined

EABL remains the second largest listed firm with a market cap of Sh170 billion, with no other firm hitting the Sh100 billion mark. READ: NSE 20 index edges toward 3,000 point barrier Equity Bank is valued at Sh97 billion while BAT Kenya has overtaken KCB ...

From Business Daily Africa

Bear market pulls NSE 20 share index to eight-year low

Major stocks like BAT Kenya, Safaricom, Equity Bank, East Africa Breweries Ltd and Co-operative Bank all ... billion worse off in just a week and a half of trading this year. The market cap (the value of all shares listed at the exchange) stood at Sh1.82 ...

From Business Daily Africa

Commercial Bank of Africa enters Rwandan market

Kenya-based Commercial Bank of Africa has ... get a smaller market share of deposits that means investors in these banks cannot bring in more capital because capital would be idle,” said Hannington Namara CEO and managing director Equity Bank Rwanda.

From asokoinsight.com

Feature: A time for equity

A parallel market operated by the GSE ... 60% per annum – and represents a readily accessible source of funding for private equity. While other African countries such as Nigeria, Kenya, South Africa and Botswana allow pension funds to allocate between ...

From Ghana Web

Deepening Financial Sector Requires Greater Access To Private Pools of Equity Capital

A parallel market operated by the GSE ... 60% per annum – and represents a readily accessible source of funding for private equity. While other African countries such as Nigeria, Kenya, South Africa and Botswana allow pension funds to allocate between ...

From ghanastar.com

Uganda: How Cross-Listed Firms Wiped Shs4 Trillion Off Stock Market

The market had started the year with a capitalisation ... Kenya Airways, Jubilee Holdings, Centum Investments, KCB Group, Equity Group, UCHUMI, Nation Media Group and East African Breweries are the eight cross-listed companies. Cross-listing refers to ...

From AllAfrica

How cross-listed firms wiped Shs4 trillion off stock market

Year-on-Year, the Financial Times market data for listed stock indicates ... Kenya Airways, Jubilee Holdings, Centum Investments, KCB Group, Equity Group, UCHUMI, Nation Media Group and East African Breweries are the eight cross-listed companies.

From Daily Monitor

A.M. Best Affirms Credit Ratings of East Africa Reinsurance Company Limited

LONDON--(BUSINESS WIRE)-- A.M. Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” of East Africa Reinsurance Company ... in its regional reinsurance market and the company’s exposure to Kenya ...

From Insurance News Net

Finnish fund Taaleri to invest $100 million in East, South African property market

in East and South African real estate projects. Taaleri, in partnership with local private equity firm Cytonn Investments, has so far invested about Sh4 billion in the Kenyan real-estate market. The two companies are exploring more investment opportunities ...

From asokoinsight.com

Finnish fund Taaleri to invest Sh10bn in East, S.African property market

in East and South African real estate projects. Taaleri, in partnership with local private equity firm Cytonn Investments, has so far invested about Sh4 billion in the Kenyan real-estate market. The two companies are exploring more investment opportunities ...

From Business Daily Africa

Finnish fund Taaleri to invest Sh10bn in East, S.African property market

in East and South African real estate projects. Taaleri, in partnership with local private equity firm Cytonn Investments, has so far invested about Sh4 billion in the Kenyan real-estate market. The two companies are exploring more investment opportunities ...

From Daily Nation

East Africa defies economic slump to attract private equity billions

Catalyst Principal Partners last week announced an exit from the pharmaceutical retailer after recouping its investment, demonstrating Kenya’s growing private equity market. [PHOTO: WILBERFORCE OKWIRI/STANDARD] In a year that has seen Sub-Saharan Africa ...

From Standard Group

African Markets - Factors to watch on Nov 4

EMERGING MARKETS For the top emerging markets news, double click on AFRICA STOCKS For the latest news on African ... KENYA BANKING Kenya's Equity Bank Group said on Thursday strong growth in its mobile banking business would help offset the country's ...

From Reuters

African Markets - Factors to watch on Nov 4

EMERGING MARKETS For the top emerging markets news, double click on AFRICA STOCKS For the latest news on African ... KENYA BANKING Kenya's Equity Bank Group said on Thursday strong growth in its mobile banking business would help offset the country's ...

From Reuters

Equity’s Mobile Banking Strategy Pays Off As Q3 Profit Hits Sh15bn

Equity Bank announces Q3 results with Innovation as the leading ... full year of operation in Kenya managed to capture 15.2% of the total mobile money transfer market in both value and volume of transactions. Mobile digital banking processed nearly 3.5 ...

From potentash.com

African Markets - Factors to watch on Nov 4

EMERGING MARKETS For the top emerging markets news, double click on AFRICA STOCKS For the latest news on African ... KENYA BANKING Kenya's Equity Bank Group said on Thursday strong growth in its mobile banking business would help offset the country's ...

From Reuters