Funding

FUNDING3 Aug

Kenya insurtech startups attract Sh8.6bn over five years

Kenya's insurtech startups have attracted Sh8.6 billion in venture capital over the past five years, cementing the country's position as one of Africa's leading innovation hubs

Safaricom’s Sh15bn bond oversubscribed by 175.7%

Safaricom’s five-year bond attracted applications of Sh41.4 billion against the targeted Sh15 billion, an oversubscription of 175.7 per cent.

FUNDING9 Dec

Safaricom targets Sh15bn from corporate bond

Safaricom is set to raise up to Sh20 billion in the first tranche of its Sh40 billion medium-term note programme, offering investors an annual interest rate of 10.4 per cent.

FUNDING8 Dec

Paramount Bank raises Sh332m, clears CBK Sh3bn capital hurdle

Paramount Bank has surpassed the CBK’s Sh3 billion minimum core-capital requirement ahead of the December 31, 2025 deadline after raising Sh332 million in a rights issue.

FUNDING24 Nov

M-Gas maker in talks to raise Sh2.6bn to fund growth

Circle Gas is in advanced talks with a sovereign clean cooking initiative and has also opened discussions with a global bank to raise Sh2.6 billion to fund growth

FUNDING13 Oct