French private equity firm Amethis, and the International Finance Cooperation consortium, sold an estimated 30.0% stake in Naivas supermarket to IBL Group and other investors
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Safaricom witnessed a decline in active subscribers in the first three months of this year according to the Communications Authority sector report for the first quarter. The decline has been attributed to the ongoing deactivation of unregistered SIM cards, a directive from the authority. Safaricom’s registered subscribers fell from 42.8 million in December last year to 42.4 million at the end of March, bringing the telco’s market share down marginally to 65.3 per cent from 65.8 per cent the previous year. Airtel Kenya, on the other hand, registered an additional 303,198 subscribers while Telkom Kenya registered no change in the number…
The startup was founded in December 2020 to offer ready-to-eat affordable meals.
Jubilee Holdings shareholders approve a total dividend of Ksh 1.1 billion for 2021
mTek, a digital insurance brokerage firm in Kenya, has secured KSh340 million ($3 million) commitment from an African-focused fintech platform, Finclusion Group. The company says it acquired the investment through debt and equity, which will accelerate its growth into the Kenyan marketplace through continual improvements to the platform and the Expansion of its customer base. mTek Chief executive Bente Krogmann said that the investment is a milestone for the organization and indicates pan-African investors’ confidence in the insurtech’s purpose, business model, and philosophy. “With this investment, we will be able to commence our Expansion within Kenya through 25 Finclusion Group…
Face masks are mandatory in public spaces as part of ‘targeted measures’ to slow the spread of the coronavirus in Kenya, the ministry of health said Monday. Kenya and Mauritius are experiencing the sixth wave of Covid-19 infections, according to the Africa Centres for Disease Control and Prevention. The country’s current positivity rate is at 9.9 percent, on Monday. Kagwe noted that the country’s COVID-19 positivity rate had risen from a weekly average of 0.6 percent in early May to the current 10.4 percent. “The sharp rise in coronavirus infections should concern everyone and we must take strong measures to…