(NAIROBI, KENYA) – A UK government investment arm has bought KES 1.94 billion ($15 million) of shares in Quickmart’s initial public offering, deepening its holdings in Kenya’s capital markets. The Foreign, Commonwealth and Development Office (FCDO) said it will acquire a 6.5% stake in the retailer through MOBILIST, a UKContinue Reading
(NAIROBI, KENYA) – Foreign investors sold 23.6 million KCB Group shares valued at KES 2.1 billion ($16.2 million) at the current market price in the three months to September, while local investors increased their holdings in the lender over the same period. Latest shareholder profile shows foreign holdings fell fromContinue Reading
(NAIROBI, KENYA) – Nigerian billionaire Aliko Dangote has acquired a 24.76% stake in Kenya Pipeline Company (KPC) for KES 42.5 billion ($328 million), outmanoeuvring global oil majors that had stalled on the deal. The acquisition makes Dangote the second-largest shareholder in KPC behind the Kenyan government. It also positions himContinue Reading
(DAR ES SALAAM, TANZANIA) – Tanzania’s Amsons Group has acquired the Tanzanian downstream business of Geneva-based Oryx Energies in a deal worth more than $230 million (KES 29.9 billion), giving the local conglomerate control of key fuel storage, retail and distribution assets in the country. The transaction transfers Oryx’s retailContinue Reading
(NAIROBI, KENYA) – A UK government investment arm is buying a 6.5% stake in Kenyan retailer Quickmart through its initial public offering (IPO) for KES 1.94 billion ($15 million), the latest foreign anchor investment in the chain. The Foreign, Commonwealth and Development Office (FCDO) will buy 260 million of theContinue Reading
(NAIROBI, KENYA) – Kenyan state parastatals have sold a combined 24.76% stake in Kenya Pipeline Company (KPC) to an unnamed foreign investor, less than eight months after spending billions of shillings to buy the shares. A source familiar with the deal said at least eight parastatals sold their shares inContinue Reading
(MAKUENI, KENYA) – Makueni County plans to hand over its KES 1 billion ($7.7 million) fruit processing factory to a private investor under a concession deal aimed at maximising output. The Public Private Partnership (PPP) unit of the National Treasury approved the concept note for the concession in September 2026,Continue Reading
(NAIROBI, KENYA) – Unidentified investors have transferred 4.5 billion shares of Kenya Pipeline Company (KPC) worth KES 42.5 billion ($329 million) through the Nairobi Securities Exchange (NSE). The block trade equals 24.76% of KPC’s issued shares, staying below the 25% threshold that would have required approval from the Capital MarketsContinue Reading
(NAIROBI, KENYA) – Telposta Pension Scheme sold shares worth KES 361.28 million ($2.8 million) in 11 Nairobi Securities Exchange listed firms in the financial year ended June 2026 to settle retiree obligations and fund property renovations. The disposals represented a 41 fold increase from the KES 8.78 million ($67,900) worthContinue Reading
(NAIROBI, KENYA) – The parent firm of Kenya’s Toyota dealer has joined a consortium investing KES 2 billion ($15.5 million) in a sanitary pad factory in Nairobi, marking the latest expansion by Japanese multinational Toyota Tsusho Corporation. The operation will be run by Unicharm Corporation, which owns the global feminineContinue Reading
