(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) – Access Bank Kenya will close a KES 2.11 billion ($16.30 million / GBP 12.28 million) capital shortfall through its merger with National Bank of Kenya (NBK), as its parent firm consolidates Kenyan operations amid higher regulatory capital requirements. The Central Bank of Kenya (CBK) said on WednesdayContinue Reading
(NAIROBI, KENYA) – Kenya’s Capital Markets Tribunal (CMT) has been unable to hear cases for close to five months because it lacks the quorum required to sit, leaving high value corporate disputes and regulatory appeals unresolved. Sources told The Daily Handle the Tribunal has been without the quorum needed toContinue Reading
(NAIROBI, KENYA) – Standard Bank Group has set aside KES 166.7 billion ($1.03 billion / GBP 812 million) for investments across its African markets, as the South African lender seeks to deepen its presence in Kenya and the wider East African region. The funds were disclosed by Standard Bank chiefContinue Reading
(NAIROBI, KENYA) – Kenyan banks with core capital below 8.625% of their loan book will be blocked from paying any dividend to shareholders under new regulatory proposals aimed at controlling risk in the banking sector. The Central Bank of Kenya (CBK) wants lenders to hold significant levels of common equityContinue 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) – Juja based exporter of avocados and herbs Karakuta Fresh Produce has sought regulatory approval to list on the Nairobi Securities Exchange (NSE) in a move that will expand the agricultural segment of the market. In its application to the NSE and the Capital Markets Authority (CMA), KarakutaContinue 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
(NAIROBI, KENYA) – Kenya’s central bank rejected KES 31.2 billion ($241 million / GBP 182 million) in bond offers in September’s second auction after investors demanded higher returns on inflation and Middle East war fears. The Central Bank of Kenya (CBK) was targeting KES 60 billion ($464 million / GBPContinue Reading
(NAIROBI, KENYA) – The High Court has quashed the Government’s sale of its 15% stake in Safaricom to Vodacom Group after finding that material information regarding the transaction was concealed from the public. A three judge bench held that the deal, which was completed on 30th June, 2026, had beenContinue Reading
