(NAIROBI, KENYA) – Sanlam Allianz Holdings Kenya Plc plans to drop its subsidiary structure and make its life insurance business the listed entity on the Nairobi Securities Exchange. The company said in a notice it intends to transfer all the assets and liabilities of its wholly owned subsidiary, Sanlam AllianzContinue Reading
(NAIROBI, KENYA) – Kenya’s mobile money providers will be allowed to invest customer deposits in government securities and interest-bearing bank accounts under a new payments Bill, potentially generating significant returns from the KES 41.7 trillion ($329 billion / GBP 251 billion) moved through M-Pesa alone each year. The National PaymentsContinue Reading
(NAIROBI, KENYA) – Kenyan investors will be able to buy shares in the Dangote Petroleum refinery for as little as KES 490 ($3.80 / GBP 2.90) through the Nairobi Securities Exchange under a new investment vehicle awaiting regulatory approval. Investors will also be able to purchase shares valued at KESContinue Reading
(LAGOS, NIGERIA) – Dangote Group has opened talks with Nigeria’s securities regulator to increase the number of shares offered in its refinery initial public offering, as the issuance draws strong demand from retail and institutional investors. The IPO, Africa’s largest, seeks to raise KES 207.5 billion ($1.6 billion / GBPContinue Reading
(NAIROBI, KENYA) – Shelter Afrique plans to raise $500 million (KES 64.83 billion / GBP 383 million) through a sustainability-linked bond for East Africa in the first quarter of 2027, with the largest portion to be listed on the Nairobi Securities Exchange. The pan-African housing development bank will issue theContinue Reading
(NAIROBI, KENYA) – The operator of a Kenyan investment scheme cited in court for fraud is recruiting thousands of investors into a new platform, asking them to deposit $400 (KES 51,800 / GBP 307) to unlock funds estimated at close to KES 1 billion ($7.7 million / GBP 5.9 million)Continue Reading
(NAIROBI, KENYA) – Quickmart’s planned listing on the Nairobi Securities Exchange (NSE) will bring dividends back to the bourse’s commercial and services segment, widening options for income seeking investors. The supermarket chain said it will pay at least 80% of net profit as dividends after listing, joining a small groupContinue Reading
(NAIROBI, KENYA) – Kenyan supermarket chain Quickmart will sell up to a 57.5% stake through the Nairobi Securities Exchange (NSE), giving private equity firm Adenia and its founders a multi billion shilling partial exit. The owners, Sokoni Retail Kenya Limited (SRKL), will sell 2 billion shares equal to a 50%Continue Reading
(NAIROBI, KENYA) – Kenyan investors will not take part in Africa’s largest ever initial public offering after the listing of Nigeria’s Dangote oil refinery was restricted to the domestic market. Local investors had been expected to raise as much as KES 64.8 billion ($500 million / £392 million) of theContinue Reading
(NAIROBI, KENYA) – A fraudulent investment scheme that froze millions of shillings of Kenyan investors’ cash in 2025 was run by the same person behind the recently collapsed Quant Vest Stock Exchange (QVSE), the Business Daily has established. The earlier scheme, known as PCEX, operated under the banner of GlobalContinue Reading
