Kenya’s new infrastructure and sovereign wealth funds to be funded by share sales
Kenya is to launch a national infrastructure fund and a sovereign wealth fund, approved by the Cabinet on 15 December. The funds will be capitalized using proceeds from sales of the parts of Government’s shareholdings in giant Kenyan companies such as Safaricom, Kenya Pipeline Company and East Africa Portland Cement Company (EAPCC). According to a […]
Kenya’s Transcentury private equity firm to list on Nairobi SE
Kenyan private equity firm TransCentury is to list through introduction at the Nairobi Stock Exchange on 14 July at a price of KES50 (USD0.58) a share. The firm began as an investment club and is valued at KES13.35 billion ($148.7 million).