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M&A Moment: BritAm, Centum, other East Africa deals
Britam and Centum have had a busy few weeks.BritAmEA (i) Had an oversubscribed bond at the NSE that saw them raise Kshs 6 billion (ii) Completed the acquisition of 99% Real Insurance - giving them...
View ArticleNairobi Securities Exchange IPO
The Nairobi Securities Exchange (NSE) launched its IPO on July 23. It runs up to August 12, 2014 and they are selling 66 million shares at Kshs 9.50 per share (with a minimum investment of 500 shares...
View ArticleYALI 2014
The Young African Leaders Initiative 2014 - #YALI2014 kicked off this week in Washington DC. Speaking at a meeting with 500 of the first class of YALI fellows, President Obama said that it will be...
View ArticleNew Credit Cards from NIC and Equity banks
This week, NIC Bank launched a platinum credit card and Equity Bank formally announced their expanded their impressive card portfolio that now includes American Express. The NIC Bank Visa Platinum...
View ArticleLady Lori & FastJet?
The latest round of airline license applications has a curious addition with Lady Lori previously known as a successful helicopter charter company applying for a variation of their current license.Lady...
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Fin4Ag14
All this week, Nairobi plays host to a conference called Fin4Aag14 which has the theme of Revolutionising Finance for Agri-Value Chains.It started with plug & play session in which 18 companies got...
View ArticleCountdown to REIT’s in Kenya
This week CFCLIfe and Stanlib managers held a media briefing on Real Estate Investment Trusts (REIT's) in Kenya and their possible impact on the local property scene. REIT’s are common around the...
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BRCK Launches in Nairobi
This week saw the formal launch of the BRCK with a first batch of 800 devices to be shipped to buyers in 45 countries from July 17. It also saw a funding announcement of $1.2 million by Invested...
View Article1% Equals 20% and Other Bank Tales
The Central Bank of Kenya's Monetary Policy Committee has launched a KBRR a.k.a. the Kenya Bank Reference Rate and set it at 9.13%. All commercial banks and mortgage institutions are expected to price...
View ArticleDiamond Trust: Fourth Rights
Diamond Trust Bank is back for a fourth rights issues in recent years from its 11,136 shareholders . This follows others done in 2006, 2007, 2012 and now this one.Contrasting the four issues Year -...
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E-Government Moment: Part II
Stuff happening on the e-government sidelinesJuly 1 is the deadline for Matatu's and other Public Service Vehicles (PSV's) to switch to cashless payments of accepting fares, in lieu of hard currency....
View ArticleCentonomy: Making Smart Sense of your Finances
Some days ago, Waceke Nduati, founder of Centonomy, a personal finance series that helps people get a grip of their finances and deal with money problems (that are often self-inflicted), gave a brief...
View ArticleKenya: We Are One
This morning, KEPSA - the Kenya Private Sector Alliance had a meeting with business and religious leaders to revive the ‘We are One’ campaign for Kenya at a time when terror and insecurity appears to...
View ArticleAgriculture not only improves Food Security but creates Wealth for Africans
An open letter to African Union Heads of State by Kanayo F. Nwanze, President of the United Nations rural development agency, the International Fund for Agricultural Development (IFAD)Judging from the...
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BritAm and Swala Investments
Last week saw the announcement of two new regional investment opportunities – one a new bond offer in Kenya and the other – an IPO in Tanzania – that both close on July 4.BritAm Bond: Kenyan financial...
View ArticleBudget 2014/15
Excerpts by @JGMBugua of today's budget speech that was read in the Kenya Parliament, by the National Treasury Cabinet Secretary, Henry Rotich. Grumbles still rumbling through Parliament as members...
View ArticleKenya Euro Bond A to Z
Excerpts from the prospectus for the 'Eurobond' being floated by the Kenya Government. Advisors: Include two Kenyan law firms (Kaplan & Stratton, Anjarwalla & Khanna) and 3 UK ones. Citibank...
View ArticleJoi Ito in Nairobi
This week, Joi Ito was in Nairobi as part of a team from the MIT Media Lab where he is a Director. While here, he gave a chat on his time as an academic and an entrepreneur in the technology...
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OIl & Mining Payback in Kenya
Tullow Oil have just released their Kenya Report on their oil exploration efforts and local impact in the last year with special emphasis on the Turkana area. And earlier, Base Resources who are a...
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Shares Portfolio May 2014
Compared to last quarter and a year ago, since February, the portfolio is down 12% while the NSE 20 share index is up 2% this quarter. Compared to last May, the portfolio is up 17%. The StableBarclays...
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