Kenya | - Part 25

Kenya, EU Plan Bilateral Trade Deal Apart From Regional Pact

NAIROBI (Capital Markets in Africa) – The European Union said it may sign a bilateral trade deal with Kenya as other East African nations vacillate on a separate free-trade pact, in a move that will help East Africa’s biggest economy retain market access to the bloc. While Rwanda and Kenya initialed the so-called Economic Partnership Agreement before an Oct. 1 deadline, the other four nations of the East African Community have yet to show similar commitment, making…

Dutch Private Equity invests in Kenya-based dairy company

Posted on by The Editorial Team

NAIROBI (Capital Markets in Africa) – DOB Equity has announced today that it has taken up a stake in Countryside Dairy Ltd at a publicly undisclosed value as part of a commitment to increase social impact investment deals in Kenya. By investing in Countryside Dairy Ltd, the Private Equity fund with offices in Kenya, Tanzania and the Netherlands will be seeking a slice of the KES100bn Kenya Dairy sub-sector. According to the Kenya National Dairy Master…

IFC and FMO invest in MOBISOL for East Africa Solar Energy deal

Posted on by The Editorial Team

NAIROBI (Capital Markets in Africa) – IFC, a member of the World Bank Group, and FMO, the Dutch development bank have invested in Mobisol GmbH, a pay-as-you-go solar energy service company, to deliver renewable energy solutions to off-grid communities in East Africa. IFC’s equity investment of EUR 5.42 million and EUR 9.2 million from the AEF and MASSIF Dutch government funds managed by FMO brings them into partnership with Investec Asset Management’s African Private Equity…

African debt capital markets resilient in face of growth challenges

Posted on by The Editorial Team

JOHANNESBURG (Capital Markets in Africa) – Debt capital markets in Africa remain resilient, displaying innovation in response to challenging regional and global environments. A review of the continent’s activity in debt capital markets reveals continued growth in issuance, including the evolution of new asset classes. These positive trends speak well to both the resilience and future growth prospects of Africa’s debt capital markets. Debt capital markets across Africa’s sub-regions have remained robust despite the macroeconomic…

Sub-Saharan Africa Region Remains Under Fiscal and External Pressures, says Fitch

Posted on by The Editorial Team

LAGOS ( Capital Markets in Africa) – The Rating Outlook for Sub-Saharan Africa (SSA) sovereigns in 2017 remains Negative, reflecting continued weakness of fiscal and external balances, rising government debt, weak economic growth and, in some countries, risks of political instability, says Fitch Ratings in a new report. While commodity prices have regained some ground, many commodity exporters in the SSA are still running substantial budget and current account deficits and are facing financing strains…

Private Equity: Synergy Capital Managers invests in MSY Analytics Group

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Synergy Private Equity Fund (SPEF) is pleased to announce the completion of its investment in MSY Analytics Group (MSY), a technology driven professional services and data analytics company focused on increasing corporate human capital productivity and organizational positioning. The Company currently operates in Nigeria with a plan to roll out across the African continent. MSY is focused on creating value for companies, organizations and Institutions by collecting, analyzing, synthesizing…

Central Bank of Kenya to hold rates at 10 pct on Nov 28

Posted on by The Editorial Team

NAIROBI (Capital Markets in Africa) – Kenya is expected to keep interest rates stable on Nov. 28 ahead of an expected rate rise in the United States while cautiously dealing with the impact of new banking regulations, a Reuters poll found on Friday. The shock of trade-sceptic Donald Trump ascending to the top office of the world’s biggest economy has wrong-footed African countries, many of which have enjoyed beneficial trade agreements. A stronger dollar and higher…

« 1 … 23 24 25 26 27 … 51 »