Standard Africa Holdings Limited (SAHL) has received regulatory approval from Kenya’s Capital Markets Authority (CMA) to acquire a bigger stake in Stanbic holdings. Standard Africa Holdings Limited (SAHL), which is the majority shareholder in Stanbic Holdings, said it received regulatory approval from the CMA to further extend the exemption from making a complete takeover. Under […]
A Stanbic Bank branch on Kimathi Street, Nairobi. FILE PHOTO | NMG South Africa’s Standard Bank has been given one year to complete the purchase of more shares in its local subsidiary Stanbic Holdings with a target of attaining a 75 percent stake. This marks the latest extension of the buying window since the multinational […]
Centum Investment Company #ticker:CTUM has been spared from compensating the buyer of its Coca-Cola bottling businesses Sh3.7 billion after the Supreme Court stopped the Kenya Revenue Authority (KRA) from demanding the billions. The company in 2019, sold its 27.6 percent stake in Nairobi Bottlers and 53.9 percent interest in Almasi Beverages — the owner of […]
Stanbic IBTC Holdings PLC, a member of Standard Bank Group, recently hosted a webinar titled “2022 ‘Virtual Economic Outlook- Investing and planning in an election cycle”. Stanbic IBTC The event which aimed at reflecting on economic trends that shaped 2021 and projecting into 2022, held on Monday, 14 February 2022. According to the financial services […]
Pension schemes have lined up Sh2 billion to partly finance the construction of a key road in northern Kenya, making it the first major project under the public-private partnership (PPP) model to be funded through retirement savings. A consortium of 24 retirement schemes says it is looking to invest in the 143km road project which […]
Dublin, Feb. 15, 2022 (GLOBE NEWSWIRE) — The "The Banking Industry in Kenya 2021" report has been added to ResearchAndMarkets.com’s offering. The Banking Industry in Kenya This report covers the Kenyan banking industry, focusing on commercial banks and also including the central bank, microfinance and mutual funds such as local credit and savings unions and […]
Uganda can avoid the "dutch disease" if the real estate and agriculture sectors are linked to developments in the oil and gas sectors. The housing and agriculture sectors could earn Uganda an extra eight billion US Dollars in the next phases of oil and gas developments. With such earnings, Uganda can avoid the "dutch disease" […]
New report shows 89% occupancy rate in the Kampala Metropolitan Area Kampala, Uganda | JULIUS BUSINGE | Stanbic Properties Limited inaugural report on properties shows that the average occupancy rates in Kampala stood at 89% for Grade A, 83% for Grade B and 74% for Grade C buildings in December last year signalling increased interest […]
Stanbic Bank’s parent company, Standard Bank Group, has emerged as the most valuable banking brand on the African continent for 2022 in Brand Finance’s annual ranking of the world’s Top 500 Banking Brands, after increasing its brand value by 26% to USD1.583 billion. This significant increase in brand value has seen Africa’s largest financial services […]
Businesswoman Mary Wambui Mungai has denied claims by Kenya Revenue Authority (KRA) that eight of her accounts targeted for freezing over unpaid taxes are holding a total of Sh2.5 billion. Ms Mungai and her daughter Purity Njoki were charged together with tax evasion in December together with their company Purma Holdings ltd. They were released […]
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