(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
(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
(NAIROBI, KENYA) – Naivas, Quickmart and Carrefour now hold a combined 60% of Kenya’s formal retail market, driven by fast store expansion across the country. Naivas leads with a 31% market share by estimated revenue in 2025, according to disclosures by Quickmart, citing market intelligence firm Sagaci Research. Quickmart publishedContinue 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) – Human and animal feed processor Unga Group says it will reinvest its earnings into the business, reversing its earlier statements that it will resume dividend payments after returning to profitability. The company last paid a dividend of KES 0.5 per share, or a total of KES 37.8Continue 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) – Kenya Pipeline Company is considering a set of financing options to protect its cash reserves for heavy capital spending on projects in the medium term. The recently listed utility is weighing the sale of infrastructure bonds to raise cheap capital and the issue of bonus shares toContinue Reading
