Prudential in Kenya

Today saw the formal introduction of  giant UK financial services firm Prudential into Kenya. The 166-year old Prudential, which is listed in 4 countries and has $770 billion of assets under management,  announced the Kshs 1.4 billion (~$16 million) investment into the country, that commenced with a buyout of 100%...
Continue reading »

Mobile Monday: Craft Silicon

Kamal Budhabhatti, the CEO of  Craft Silicon was the guest at Mobile Monday this evening and spoke about his company and it’s platform – Elma. Craft Silicon build mobile communications tools that talk to core banking systems. They are a  financial software company with a view that anywhere that there...
Continue reading »

Scooping Money from Investors

Seems like there are not enough investments to satisfy local debt & equity investors in Nairobi. NSE IPO:  The Nairobi Securities Exchange (NSE) IPO with 66 million new shares offered to the public, was oversubscribed by 687% in the retail pool, and the NSE now has 17,883 shareholders, up from...
Continue reading »

Shares Portfolio August 2014

The Stable Bralirwa (Rwanda) ↑ Diamond Trust Bank ↑ ICDCI (Centum) ↑ Kenya Airways ↓ Kenya Commercial Bank (KCB) ↑ Kenya Oil Company (Kenol) ↓ Safaricom ↓ Scangroup ↓ Stanbic (Uganda) ↓ Unga ↑ Review Comparing the basket to one year ago, the portfolio, excluding new shares, is...
Continue reading »

Reading the Tea leaves at Centum, Kenya Airways, Safaricom

Three companies that had their year-end in March 2014 have just published their annual reports which are now found on their individual websites.  Centum Has  a (massive ) 160 page annual report and 37,000 shareholders At the August 2014 AGM shareholders will be asked to approve items including: The...
Continue reading »

5 Reasons not to link your Bank and Mobile money accounts

Safaricom, the mobile money market leader with M-Pesa with 19 million customers has partnerships with 30 banks and 160 financial institutions as per their 2014 annual report that notes The new (API) platform (launched in January 2014) helped streamline operations for businesses that disburse staff salaries through M-PESA,...
Continue reading »

Idea Exchange: Scholarships, Fellowships to Apply For

Applications are open for Chevening Scholarships  2015/2016. The Scholarships offers the opportunity to study for a one-year Master’s degree at leading UK universities and are awarded to outstanding established or emerging leaders across a wide range of fields: including Public Policy/Governance, International Law, Energy/Environment, Human Rights and Journalism....
Continue reading »

Hello WordPress

After almost 9 years of blogging on Google /Blogger, the blog has finally been migrated over to WordPress. This is still a work in progress and I am still learning all the fun stuff on WordPress (and dealing with new volumes of spam) and all the new features...
Continue reading »

M&A Moment: BritAm, Centum, other East Africa deals

Insure
Britam and Centum have had a busy few weeks. BritAmEA (i) Had an oversubscribed bond at the NSE that saw them raise Kshs 6 billion (ii) Completed the acquisition of 99% Real Insurance – giving them access to Mozambique, Malawi and Tanzania (the Competition Authority approved this deal with...
Continue reading »

Nairobi Securities Exchange IPO

The Nairobi Securities Exchange (NSE) launched its IPO on July 23. It runs up to August 12, 2014 and they are selling 66 million shares at Kshs 9.50 per share (with a minimum investment of 500 shares costing Kshs 4,750) and the NSE plans to raise Kshs. 627...
Continue reading »

Blog topics

Archives