Adaptis Capital, a Kenyan Investment Management Company, says it is now all set to enter the US market to link-local investors to the US stock markets. The firm says this will be through its American office, Adaptis Capital Inc. “For investors looking to diversify their portfolio and maximize their return on investment, this strategic move by The Adaptis Group will provide them the opportunity to invest in the world’s largest economy, allowing them to hedge against geopolitical and economic risks as well as a chance to invest in the world’s largest companies,” said Kenneth Mantu the CEO of The Adaptis…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
British sprinter Mark Cavendish makes a return to the 2021 Tour de France for the first time since 2018. The 36-year-old will be part of Deceuninck-QuickStep’s eight-man squad. He replaces Sam Bennett who is down with a knee injury. “I am delighted to be going back to the Tour de France with Deceuninck-Quick Step,” Cavendish, 36, said in a team statement ahead of the race that begins Saturday. “Obviously, the circumstances with Sam could be better – he had a special Tour last year and I am sad for him not being able to defend his green jersey. But at…
Equity Group Foundation and the Kenya COVID-19 Fund Board on Thursday said they are supporting Kenya’s Covid-19 response by donating personal protective equipment (PPE) for healthcare workers to 25 mission hospitals. The hospitals are affiliated with the Kenya Conference of Catholic Bishops (KCCB) and the Christian Health Association of Kenya (CHAK). The PPEs are valued at Ksh 33 million and include 750 protective goggles, 25,000 disposable gowns, 500,000 nitrile gloves, 500,000 surgical masks, 750 face shields, 12,500 disposable scrubs, 25,000 headcovers, 5,000 coveralls and 50,000 KN95 respirator masks. “Through KCCB and CHAK, we received a request to support 60 mission…
The Central Bank of Kenya (CBK) raised Ksh 19.7 billion from the sale of its re-opened two 20-year bonds on Wednesday on behalf of the National Treasury. The bonds, FXD1/2012/20 with 17.9 years to maturity and FXD1/2019/20 with 11.4 years to maturity were meant to raise Ksh 30 billion. During the auction, the bonds received bids worth Ksh.64.9 billion, a 216.4 per cent subscription rate. The CBK, however, only accepted bids worth Ksh 19.7 billion with Ksh 6.3 billion from FXD1/2012/20 and Ksh 13.4Bn from FXD1/2019/20. https://twitter.com/CBKKenya/status/1405162626749980673?s=20 “We attribute the oversubscription to the low target amount (Ksh 30 billion) and…
Global sporting company Puma has made its foray into the East African market by opening its first outlet in Nairobi. According to Go Places Digital, this is part of Puma’s Africa growth plan. “PUMA as a brand is in constant pursuit of faster which not only extends beyond supporting the fastest athletes in the world but also working to be fast in how they adapt to and connect with the constantly changing world. Through innovative design, iconic footwear and apparel, and authentic partnerships, Puma aims to always push what is next in both sport and culture.” The German multinational corporation…
Kenya Electricity Generating Company PLC (KenGen) has joined the UN-backed universal campaign to combat global warming, becoming the first public service agency in Kenya to do so. The campaign, dubbed ‘Business Ambition for 1.50C’, is backed by a global coalition of the United Nations leaders, business organisations and Non-Governmental Organizations (NGOs). By committing to this ambition, KenGen is expected to establish emission reduction targets through investments in green and clean energy that will go a long way in limiting the earth’s warming to 1.5°C as per the Paris Agreement of 2015. Under this arrangement, the company commits to annually disclose…