Blogs. The Kenya Ministry of Defense is doing public participation to facilitate the transfer of the. He added that, when the shilling depreciates, offshore investments deliver good performance. Carbacid shareholders vote on the Kshs 1.24 billion buyout of BOC Gases at the end of January and may de-list the acquired company in future. This was due to the impact of Covid-19 on the risk profile of all potential investors in Ethiopia, but also as, by taking a controlling stake in the consortium, the Ethiopia operations will be consolidated in Safaricom’s financials. Carbacid set out to acquire 100% of BOC Kenya and BOC accepted the offer and agreed to retire directors, transfer trademarks, and rebrand as all employees will be retained. Two offers were received in Addis Ababa; one by MTN (Mauritius) and the other for a “Global Partnership for Ethiopia”, a consortium by Vodafone, Vodacom, Sumitomo and Safaricom. Geography. Blogs with a clear niche that is not represented in any of the other categories. American investment firm Dorilton Capital acquires the legendary family-owned Williams #F1 team. Kenya. Author Virginia. BOC’s board, having sold its 65%, says the deal is willing buyer, willing seller and will not make a recommendation to fellow shareholders. Written by Wellington Ayugi. → Cars Enabling Environment. The Johannesburg Stock Exchange to acquire a majority stake in South Africa’s second-largest share registry. Product Directory; Write For Us; Financing Options for Local Property Investors in Kenya. A trip down memory lane .. serendipitous that eLimu Kenya, a digital educational content firm, that was launched in the iHub, is now being acquired by iHub (CcHUB) 8 years later. Kenya’s 2017 general elections is estimated to have cost over $1 billion in aggregate spend and probably Africa’s most expensive on a cost-per-voter basis . – that the Tetu concept to cut out all these middlemen, and deal with the farmers makes sense, but this would also affect the livelihoods of everyone in the chain. Edward Obiko, Senior Analyst in Digital Financial Services, MicroSave Consulting Peter Charagu, Business Analyst in the Digital FInancial Services, MicroSave Consulting It is a new week and month. Stripe acquires Nigeria’s Paystack for $200M+ to expand into the African continent. Blogs that focus on Kenyan lifestyle across diverse topics. 0. All the classes will benefit from the data-driven insights, investment professional advice and risk management of Absa that is guided by three pillars of value growth, income generation and value preservation. Also moving from 16% to exempt, are vehicles for oil & mining companies, and equipment for solar & wind generation. Treasury plans to merge KICC with the Bomas of Kenya. Liberty Holdings to buy out the Coronation (Hilton, Vanderbilt) and Kimberlite fund shares in @LibertyLifeKe in a private deal. I talked to one dealer, and he advised to buy from him because he exports up to 15,000 bags to the States each year. The Competition Authority approved the acquisition of control of Quantum Power East Africa GT Menengai limited by Globeleq, CDC’s energy firm. On December 10, USAID’s Sashi Jayatileke and Wade Channell hosted Joe Heim of Dopkins & Company and Bar Pereg of Deloitte for a discussion on Movable Property Lending, an inclusive finance tool that has recently been introduced to many USAID … WorldRemit to acquire Sendwave .. in the last 12 months, the two companies have sent $7.5 billion in transfers (mainly to West and East Africa), generating $280 million in revenue. Blogs that feature content on religion and/or spirituality. The Competition Authority approved the acquisition of 24.9% of the Montessori Learning Centre by Victoria Commercial Bank. New and outstanding Blogs that were set up from January 2016 onwards. These are websites are that highly visited by Kenyans and offer content of great value to the visitors. Stanbic Africa gets an extension to the end of 2021 to increase its Stanbic Kenya stake to 75%, by acquiring 14.8M shares from other shareholders through the NSE, Mwalimu National Sacco has acquired 100% ownership of the trouble-ridden Spire Bank from business tycoon, Naushad Merali – via @moneyacademyKE. This site uses Akismet to reduce spam. Urban Kenyans is an online platform that enlightens Kenyans by showing them how things are done online in Kenya. Following approval by both the Capital Markets Authority (CMA) and the Retirement Benefits Authority (RBA), Absa Asset Management will offer advice and products for customers to invest in listed shares, treasury bonds, corporate bonds, private equity, property, offshore and other investment classes. Feb 8, 2018. BAKE Awards 2017 Winners: Top Blogs in Kenya. Moving from 16% to exempt after July 1, 2021, are the transfer of assets into real estate investment trust (REIT’s) and asset-backed securities. The Winners we announced at a gala event on 13 May 2017 at the Crowne Plaza Hotel in Nairobi. Blog back | Print . However, Kenya is starting to tackle some of these factors and to help increase pensions coverage to reach more Kenyans to help reverse the state of affairs. We update you on what you need to know. Individual Coaching. He said that being diverse had sustained growth even during Covid-19. If you are new to personal finance, this is the best personal finance blog in India for … These are blogs and success stories that have inspired me to become a blogger. by Wellington Ayugi. 5 Amazing Business Ideas for Housewives to Make Quick Money. Tanda’s platform and network supports 58 banks and saccos, 4 telecoms, 12,000 merchants and agents and has served over 300,000 customers. The proposed merger involving ECP Africa Fund IV LLC and ECP Africa Fund IV A LLC and Remitix Holdings (Mauritius). These Superstar bloggers continue to inspire me to this day – and they have kept me motivated to not give up whenever it got tough, especially in the early days. In September 2014, InterMedia conducted a survey in Kenya and found that 58% of Kenyan adults actively used mobile money (on a 90-day basis). Small groups talks . In Kenya, Localbitcoins.com is the most popular because you can buy via Mpesa from individual traders. This was done on behalf of an investor who wanted to export coffee to North America and was around the time there was a controversy on the licensing of coffee marketing agents like Tetu Coffee. Also, see more about MTN, from their Nigeria listing. MSP Sports Capital will invest £185m into McLaren Racing (McLaren F1 & IndyCar), acquiring a15% stake that will increase to 33% in 2022, in a deal that values the team at £560m. It is expected that others who did not bid for mobile licenses such as Orange may bid for the partial privatization of Ethio Telecom which has 50 million subscribers. BAKE Awards is an annual event that recognizes and awards exceptional Kenyan bloggers in various categories. PIN’s required for digital marketplace transactions. List of Investment opportunities in Kenya 1. It would be nice to visit the Nairobi Coffee Exchange again in 2021. These are Blogs that feature sports content. Even working together, the footprint of Kenya’s banks remains a fraction of M-PESA’s. Africa Finance Forum Blog. → Urban Info The CcHUB Syndicate that allows angels and early-stage investors to invest alongside CcHUB in high growth technology startups in Africa has funded three startups – Taeillo, Oneport and Stears Business after a due diligence process. Pre-retirement planning. Jun 22, 2020. Staff of Companies. Blogs about the Kenyan entertainment industry. Blogs that focus on public healthcare in Kenya. The Competition Authority approved the proposed acquisition of 100% of Dudutech Integrated Pest Management by Bioline Group SAS. We are seeing this happen in some countries of the world such as Kenya where account access increased from 42% of adults in 2011 to 75% of adults in 2014. The last regulatory hurdle to the merger was cleared today with the approval of the Central Bank of Kenya and the Bank of Tanzania, a regional regulator. The Competition Authority seeks whistleblowers who can confidentially share information on cartel-like behaviour, price-fixing, unsafe products, unauthorized mergers etc. Kenblest, The Competition Authority approved the proposed acquisition of Glacier Products by ExEo Capital through their Agri-Vie Fund II. 2017 is an Election year in Kenya saw Blogs that cover the relationship between the Kenyan government and the people and politics in Kenya. He narrates how he wakes up slowly, is brought tea by his servant Juma (which means Friday), then is brought his bath, of which there are two types, before he goes to work. The CEO of the RBA Nzomo Mutuku said that that investment management, now with Kshs 1.4 trillion of assets under management, still has great potential to grow and that the performance of these investments is what drives pension benefits in Kenya, not pension contributions. Eat’N’Go acquires the Domino’s Pizza and Cold Stone Creamery franchises in Kenya – and aims to grow from running 147 stores in Nigeria and Kenya to 180 across Africa by year-end. He blogs about freelance writing at www.thecopywiz.com . Yusra worked for 5 years in the corporate department of a leading law firm in Kenya, with a brief stint in Islamic Finance at a law firm in Dubai. Copyright © 2021 Slugline Media. Excise tax goes up on motorcycles and is introduced on jewellery and nicotine substitutes. Penny Pinchin Mom. Training. Amanullah is not your average writer, he understands concepts and turns ideas into words. Citi expects that Safaricom would raise half a billion dollars of debt to contribute to the consortium which would put an end to special dividends paid by the firm. We always encourage companies and brands to have a blog, this is where they would have belonged in the competition. Its currency is the Kenyan shilling (KES). Agriculture is the backbone of Kenya’s economy was well presented. This was before Equitel was launched. South African law firm Cliffe Dekker Hofmeyr (CDH) and Nairobi-based corporate law boutique Kieti Law have. Bank loan fees no longer incur excise duty. Kajiado County is predominantly semi-arid and sits on the outskirts of Nairobi in the south of Kenya. The Competition Authority approved the acquisition of 56% of Agriculture and Climate Risk Enterprise (ACRE Africa) by Zep Re (PTA Insurance Company). KES is divided into 100 cents; however, the value of the shilling is so low that cents are rarely used anymore. finance solutions kenya A Resource centre for everything related to finance and investments in Kenya. This is part of an overdue privatization push by Ethiopia that has continued even as political tensions have flared up in different parts of the country. A capital markets tribunal shall deal with matters before it within 90 days. Thanks to Watu Credit, you now have the opportunity to invest in Kenya-issued personal loans and reap returns of up to 13% per year. Learn how your comment data is processed. I&M Holdings PLC has completed the acquisition of 90% of Orient Bank Limited from 8 miles LLP and Morka Holdings Limited. the soda vending machines had to all be turned off because it would . That has been a goal of Safaricom’s management for the last few years. Various merger/acquisition (M&A) deals in the last few months in East Africa since the last update. 1. Twitter: @bankelele, Creative Commons Attribution-NonCommercial-NoDerivs 2.5 Canada License. Creation of post-retirement medical funds in retirement benefits schemes. Digital service tax is removed from residents (only applies to non-residents). I hope this inspires you. Educating the Public on Structured Finance – Investors in the market are used to investing in the money markets, where annual rates of return range from about 8% to 10% i.e. Feb 8, 2018. They have offices in LA and NY and one can pick up a bag from either of these places for around $300. I learnt about coffee grades and the industry – there are so many cartels, millers, marketers, dealers etc. Johannesburg, Gauteng, South Africa About Blog Uprise.Africa is targeted specifically … Blogs that are based in a County and that feature content from a specific County. As such, the country is well positioned to leverage this status in realigning the interest of social impact investors towards MSMEs. → Government. Remittances have long been an important factor in Kenya’s economy. The following is a list of the Winners in the 2017 BAKE Kenya Bloggers Awards (BAKE Awards): This category is for Blogs that showcase original photos or have photography-related content. Kenya is one of the few countries where women are more likely than men to have a mobile account. Are you a Fresh Banking Graduate in Kenya? Now you know where to get your news from. The program illustrates specific easy to follow principles that will help you accelerate your journey to financial freedom in 12 weeks. Despite how important remittances are to Kenya, it isn’t always easy or affordable to send money home. Blog, In The News; Tweet. → Fintech These are the blogs that encourage the Tembea Kenya motto and cover everything about travelling in Kenya and abroad. KPMG East Africa has a summary of some tax proposals in the Finance Bill that will be used to plug the country’s ambitious Kshs 3.6 trillion 2021/22 budget. Umubano Hotel in Kigali had been acquired by Madhvani Group for $13M after years under liquidation. The Competition Authority approved the proposed acquisition of 100% of Resolution Leapfrog Holding by Linkham Services. In discussions about the 2019 FinAccess results, I often find myself repeating some of the most impressive gains that have been made. Atlas Mara to sell its Botswana bank, BancABC, and its subsidiary’s BancABC Mozambique to Access Bank. United States About Blog Hii! She is the co-founder of a community-based organisation and member of a charitable trust which work towards empowering youth in urban and rural Kenya. Young entrepreneurs. Share. Here’s a report from a visit to an auction at the Nairobi Coffee Exchange in 2004. PDIA Course Journey: AgriFinance in Kenya – Building State Capability | Blog Guest blog written by Agnes Manthi, Beatrice Githinji, Constance Gichovi, Peter Onguka This is a team from Kenya working in the private sector. Some of the key sponsors of this year’s awards included; Safaricom, Bill and Melinda Gates Foundation, Ford Motors, ShowMax, Xpose, EatOut and Kenya Human Rights Commission. Remitix is a Mauritius-based holding company, which holds the business known as the “Mukuru,” a cash remittance technology platform that allows users to send or receive money across various countries in Sub- Saharan Africa and provides foreign exchange services. Also, if government licenses them, they can compete with KPLC. Absa Bank Kenya has rolled out an asset management subsidiary following approval from Kenyan regulators to expand its century-old business of offering financial services in the country. Invest in Agribusiness. Below is a simple guide on how to join, buy, use and benefit of investing in Bitcoins. 38 bags (2,303 kg) of AA (60Kg) sold today for $118 while he bought 49 bags (2956 kg) of C grade coffee for $77. 5 min read . Ghana’s remittance firm Zeepay acquires Mangwee Mobile Money in Zambia – via @SamWakoba. The Competition Authority approved the proposed acquisition of an additional 50% in Nakuru Meadows Development by Pan African Housing Fund LLC, Aleph Hospitality, an independent Dubai-based hotel management company has taken over the management of three hotels – Boma Nairobi, Boma Inn Nairobi and Boma Inn Eldoret, which are owned by Red Court Hotel, a subsidiary of Kenya Red Cross Society. The Competition Authority approved the acquisition of 85% of Century Microfinance Bank by Branch International on condition that they each maintain terms agreed with existing borrowers until they expire. By Amrik Heyer. In the deal, Jubilee will acquire the business of Allianz in Kenya to draw on its global expertise in retail, digital insurance, and micro-insurance. Heirs Holdings and its affiliate, Transnational Corporation of Nigeria Plc have acquired 45% participating interest in Nigerian oil licence OML 17 (that can produce 27,000 barrels of oil per day) and related assets from Shell Nigeria, Total Nigeria and ENI and have sole operatorship of the asset. Opens the door to private electricity companies; no longer required to offer their supply to the national grid and they are eligible for investment deductions. These dealers pay $1,000 for a license to trade at the exchange. Amitruck has secured an ‘undisclosed’ investment from Dynamo Ventures and other angel investors after completing the Google for Startups Accelerator Africa. They are not used to investing in the loan markets such as structured finance, where annual rates of return range from 14% to 18%. In short, we’re not there yet… Considerable progress made since 2006. Blogs that focus on the empowerment of women and girls. 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