India-based cement giant eyes Sh12.7bn majority ARM stake
India-based cement giant eyes Sh12.7bn majority ARM stake India’s largest cement manufacturer UltraTech Cement is in the race to acquire a controlling stake in Nairobi Securities Exchange-listed ARM Cement, in which it could buy convertible preference shares of up to $125 million (Sh12.7 billion). UltraTech is…
Equity processing 74 per cent of loans via Equitel mobile platform
Equity processing 74 per cent of loans via Equitel mobile platform Equity Bank processed 74 per cent of the loans disbursed this year through its mobile phone platform Equitel, the lender’s management said Monday. The bank said 1.2 million loans worth Sh5.4 billion have been processed…
KRA gives manufacturers two months to comply with excise tax rule
KRA gives manufacturers two months to comply with excise tax rules Kenya Revenue Authority (KRA) has given manufacturers and importers of excisable goods who have not acquired licenses two months to comply with the requirements. KRA says the manufacturers who have faced difficulties in getting county…
Pilots seek government intervention to save carrier from collapse
Pilots seek government intervention to save carrier from collapse Pilots in the country now want national carrier Kenya Airways saved from possible collapse. Through their association, the Kenya Airline Pilots Association (Kalpa), the pilots also accused the airline’s management of mistreating them. Association general-secretary Captain Ronald…
Tanzania puts EABL on notice over Serengeti Breweries deal
Tanzania puts EABL on notice over Serengeti Breweries deal Beer maker EABL could be forced to sell part of or its entire 51 per cent shareholding in Serengeti Breweries as part of regulatory action by Tanzania’s competition watchdog. Tanzania’s competition watchdog has given notice of intention…
Old Mutual gets approval to acquire UAP Holdings stake
Old Mutual gets approval to acquire UAP Holdings stake Old Mutual can now acquire a 37.3 per cent stake of UAP Holdings, following approval of the transaction by regulators.The acquisition is expected to hand Old Mutual a 60.7 per cent stake in UAP Holdings on completion.Old Mutual in January…
The lady who went from the reception to the corner office
The lady who went from the reception to the corner office Meet Patricia Kiwanuka, executive director of Old Mutual Investments Group who was a former Pension Advisor for East African Community Secretariat and used to be head of Business Development at PineBridge Investments East Africa and AIG Global Investment Group.
i-INVEST: Investment Made Cheap
“Price is what you pay; value is what you get. Whether we’re talking about socks or stocks” – Warren Buffet. January is the time of year when savings and investment opportunities are briskly sought after. A major obstacle to this is financial resources. Where will you get the…
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