Tag: Investor

Consolidated Bank seeks investor to pump in Sh3.5 billion

Last month, the bank's shareholders approved the creation of new 175 million preference shares valued at Ksh 3.5 billion as it moved to shore up its thin capital base

Uchumi secures rescue package worth billions

Uchumi Supermarket has finally clinched a strategic investor in a deal that is expected to bring the struggling retailer back on its feet. Speaking to Capital FM Business, Uchumi Chief Executive Julius Kipngetich revealed that the deal is awaiting regulatory approval before it is officially...

American investor seeks to build Africa’s Dubai in Cote d’Ivoire

It would appear that Cote d’Ivoire is gradually asserting itself as an economic powerhouse in West Africa. The country was the fastest growing economy in 2016, according to the International Monetary Fund (IMF). The breakneck growth rate of 8.5% by far outstripped the 3.5% rate experienced...