Equity Deals

EQUITY DEALS25 Oct

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.

EQUITY DEALS20 Oct

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.

EQUITY DEALS19 Aug

Absa Group agrees to sell 63.32% stake in First Assurance, Absa Life Assurance

Absa Group has agreed to sell its majority stakes in Absa Life Assurance Kenya and First Assurance Kenya Limited as the lender retreats from direct insurance ownership across Africa.

EQUITY DEALS14 Aug

Wananchi Group report a profit of Sh1.8bn in 2025

Wananchi Group, the parent company of Pay-TV and internet provider Zuku and enterprise connectivity provider Simbanet, has reported a revenue of Sh9.2 billion and a net profit of Sh1.8 billion for the year ended December 31, 2025.

EARNINGS14 Apr
EQUITY DEALS17 Feb

Leapfrog's Fund agrees to sell its 24% stake in ICEA Lion

LeapFrog Strategic Africa Investments (LSAI) has agreed to sell its 24 per cent stake in ICEA Lion Insurance Holdings as part of a strategic review to redeploy capital into higher-return opportunities.

EQUITY DEALS8 Dec

Government to sell 15% stake in Safaricom for Sh204.3bn

The government has entered into an agreement with Vodafone Kenya to sell its 15 per cent stake in Safaricom and future Safaricom dividends amounting to Sh55.7 billion for Sh244.5 billion.

EQUITY DEALS3 Nov 25

KCB Group to acquire minority stake in Pesapal

KCB Group has entered into an agreement to acquire a minority shareholding in payment service provider PesaPal

EQUITY DEALS29 Sept 25

Kenya’s Zanifu gets funding from Yango Ventures

Zanifu, a Kenya fintech company that provides working capital to MSMEs, has secured new investment of undisclosed amount from Yango Ventures.