Finance & Markets
Quickmart IPO draws two more cornerstone investors
RWC Asset Management and 337 Frontier Capital have applied for Quickmart IPO shares worth a combined Sh3.24 billion, joining MOBILIST and the IFC as cornerstone investors.
UK Govt takes Sh1.94bn stake in Quickmart IPO
The UK government’s MOBILIST programme has subscribed for Sh1.94 billion to Quickmart’s IPO, joining the IFC, which has made a conditional commitment of up to Sh1.94 billion, ahead of the retailer’s planned NSE listing in November.
M-Kopa spends Sh1bn to buy device-locking company
M-Kopa Holdings Limited, which provides asset financing solutions across Kenya, Uganda, Ghana, Nigeria and South Africa, has acquired KilpiTek Oy for Sh1 billion ($8 million) to bring device-locking capability in-house.
Hemas Holdings completes acquisition of 75% stake in Twiga Stationers for Sh2.86bn
Sri Lanka's Hemas Holdings has completed the acquisition of a 75 percent stake in Twiga Stationers, the Kenyan manufacturer of the Kasuku and Crownbird stationery brands, in a deal valued at Sh2.86 billion ($22 million).
Absa Group to raise Kenyan unit stake to 72% after tender offer
Absa Group Limited has fallen well short of the target it set for a tender offer to minority shareholders of Absa Bank Kenya PLC, picking up only about 21 per cent of the shares it had offered to buy, lifting its stake in the Kenyan unit up to roughly 72 per cent.
Absa Bank Kenya half-year profit fell 10% to Sh10.5B
Absa Bank Kenya’s net profit fell by 9.8 percent to Sh10.5 billion in the six months ended June 2026 due to lower interest income and foreign exchange trading income.
