Africanhair PLC, trading as BeautyClick, a leading beauty e-commerce company has announced its intention to raise new equity by listing at the Nairobi Securities Exchange. Speaking on the shareholders’ consent for an NSE listing, the company’s founder, and director Jesper Drescher, said that the shareholders’ unanimous decision sets the pace for the company to invite the public to invest as it seeks further capitalization to bolster its growth plan. Founded in 2016, the company is a subsidiary of ClickBeauty International of Denmark, has appointed Standard Investment Bank as its lead transaction advisor. CDSC Registrars Limited will act as the receiving…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Scale, a digital platform where businesses find the perfect conditions to discover tender opportunities, get guidance on how to respond, and digitally create winning tender responses, has launched an online platform that will allow businesses to take part in the procurement process. Marvin Tumbo, Co-founder and CEO of Scale says SMEs have been greatly affected especially by the changes in procurement processes. He says they have already onboarded over 3,300 businesses signed up and using the platform to manage their tendering. “Our solution not only addresses the historic barriers to procurement that SMEs face but is also perfectly positioned to…
LG Electronics (LG) has embarked on a worldwide rollout of the 2021 LG Soundbar lineup, designed to deliver a premium audio experience, versatility and convenience for the consumer, and is good for the environment. The latest innovation in the LG audio experience raises the bar for eco-conscious designs and packaging. Besides high-quality audio, easy connectivity, smart functionality and stylish aesthetics, the soundbar is designed to complement LG TVs while fusing with a variety of interior décor. The new soundbars also work perfectly in synch with the AI Sound Pro feature on LG TVs. Audio from the television is played through…
WorldRemit founder Ismail Ahmed has committed $500 million of his own wealth and investments to Somaliland-focused development programmes over the next 10 years. Ismail’s foundation is based in London and Hargeisa, Somaliland’s capital and will initially focus on education, healthcare and infrastructure projects across Somaliland. The Sahamiye Foundation seeks to help over 1 million adults and young people acquire literacy skills in the Somali language and double Somaliland’s literacy rate from 45% to 90% by 2023. The Foundation will also support over 100,000 people to develop technical and vocational skills for employment and entrepreneurship; invest in start-up accelerators, and increase…
Steve Okeyo and Kris Senanu are leaving Telkom Kenya after making an impact on the telco,” said Mugo Kibati, chief executive officer of Telkom Kenya, in a statement. After two years, Okeyo leaves the Telkom family, having provided the requisite leadership and ensuring that the processes and systems needed for the next phase of growth in the Consumer Unit are in place. Senanu leaves the Telkom family after close to 5 years, having infused the much-needed synergies and renewed vision into the Digital Unit, to enable it to focus on more innovative approaches that will create further value to Telkom’s…
Japanese conglomerate Toshiba Corporation has received a buyout offer from, CVC Capital Partners, a British private equity fund in a deal that could be worth about $20 billion. “Toshiba received an initial proposal yesterday (Tuesday) and will ask for further clarification and give it careful consideration,” Toshiba said in a statement. “The company will make a further announcement in due course.” Toshiba is one of Japan’s largest firms whose business empire stretches from home electronics to nuclear power stations.