The 425-acre will have a public space anchoring commercial and residential developments.
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Vodacom Group says it has received shareholders’ approval to acquire Vodafone’s 55 per cent stake in Vodafone Egypt. Subject to the final outstanding regulatory approvals, Vodacom will fund the acquisition of Vodafone Group’s 55 per cent stake in Vodafone Egypt by issuing 42 million new ordinary shares at $8.76per share, in addition to around$548 million in cash. Vodacom Group CEO Shameel Joosub described the approval as “an exciting and important milestone for Vodacom”. “This is a transaction that presents significant diversification and growth opportunities for our shareholders. With over 80% of Egypt’s 100 million population unbanked, Vodacom sees enormous potential…
Apple regained the top place in the global smartphone market with a 22 per cent market share in the fourth quarter (Q4)2021, attributed to strong demand for iPhone 13, a new report showed on Tuesday. Samsung took second place, down from the top spot in Q3 2021, with a market share of 20 per cent. Xiaomi maintained its third-place position with a 12 per cent share. OPPO and Vivo completed the top five with 9 per cent and 8 per cent shares respectively, according to preliminary data provided by global market research firm Canalys. “Apple is back at the top…
One Equity Till Number is simple and interoperable, making it very inclusive and in tune with the needs of many businesses
Sycamore Capital is the latest to be admitted to Kenya’s Capital Markets Authority (CMA) Regulatory Sandbox for six months effective 10 January 2022. The fintech firm seeks to test its application named Cashlet App, a digital mobile-based unit trusts investment application. ‘The Cashlet App if successfully tested and rolled out in the open market, will play an important role in driving investor participation in the capital markets through collective investment schemes (CIS). It could contribute, in a way, to the growth of assets under CIS management over the current value of Kshs100 billion,” CMA Chief Executive Mr Wyckliffe Shamiah noted. …
Kenya Mortgage Refinance Company (KMRC) has been given the green light by the Capital Markets Authority (CMA) to roll out a Kshs 10.5 billion medium-term bond programme. KMRC targets to raise Kshs 1.4 bn during the first tranche of issuance at a 5.0 per cent rate, for onward lending to homebuyers at single-digit rates. The participating primary mortgage lenders (PMLs), which are also KMRC shareholders include KCB, Co-operative, DTB, HF Group, NCBA, Absa, Stanbic and Credit Banks. The SACCO PMLs are Kenya Police, Mwalimu National, Safaricom, Ukulima, Bingwa, Imarisha, Unaitas Imarika, Tower, Stima and Harambee. The sole MFI is Kenya…