Amsons boosts shareholder engagement in $182.4-million bid for Bamburi acquisition
The bid offers an investment of over Ksh23.5 billion ($182.4 million), equating to Ksh65 ($0.5) per share for up to 100 percent of Bamburi's shares.
The bid offers an investment of over Ksh23.5 billion ($182.4 million), equating to Ksh65 ($0.5) per share for up to 100 percent of Bamburi's shares.
NCBA Group and Sanlam Life Insurance have launched new digital life insurance plans to improve access to affordable funeral and education coverage in Kenya.
NCBA Bank Kenya launches a “No Monthly Fees” initiative for business accounts, easing financial pressure on SMEs as loan rates rise.
The total compensation for 2023 exceeded the previous year’s total reward of Ksh147.73 million ($1 million) by 25.75 percent.
Kenya’s largest telecom operator reports significant job creation and social impact.
The project is designed to enhance financial inclusion for small businesses and individuals in these marginalized areas.
Savannah Clinker's increased offer of Ksh76.55 ($0.59) per share values Bamburi at Ksh27.8 billion ($215.7 million), surpassing Amsons' earlier bid.
This decision highlights Acorn's strong financial position and solidifies its leadership in Kenya's real estate market.
The recent rally in I&M Group's shares on the Nairobi Securities Exchange has significantly boosted Shah's fortune.
This investment includes $24 million in Series A equity funding and $17.5 million in debt financing.
Over the past 20 days, the market value of his stake has increased by Ksh396.21 million ($3.07 million), fueled by a robust stock performance on the NSE.
The court emphasized that the case revolved around the legitimacy of the termination notice, not constitutional interpretation.
The transaction, valued at Ksh4.2 billion ($32.4 million), marks a significant shift in the region's banking landscape.
The move aims to strengthen regional financial inclusion and boost economic activity across borders.
This follows an earlier loss of $3.52 million between April 16 and 26 when his holdings dropped from $40.78 million to $37.27 million.
NCBA Bank unveils a new branch to deepen local engagement and enhance financial inclusion in Kwale County of Kenya.