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Standard Chartered Bank Kenya(SCBK) Plc has launched a new platform that will enable sophisticated Kenya investors access to professionally managed global investment strategies through a single platform. This platform has been approved by the Capital Markets Authority, marking another interesting development in Kenya’s investment landscape. Standard Chartered Bank of targeting high net worth and knowledgeable […]
Safaricom sale of Government’s 15% stake to Vodacom now heads to the Court of Appeal, according to National Treasury Cabinet Secretary John Mbadi, who insists that all the required procedures were followed in executing the transaction. The High Court has nullified the transaction and ordered the 15% stake restored to State ownership, citing shortcomings around […]
Vodacom acquired the government’s shares through a block trade on the NSE on June 30, the same day it also bought Vodafone’s shares through its investment vehicle Vodafone Kenya Limited (VKL).
Investors offered the apex bank Sh81.4 billion, out of which the CBK accepted Sh50.18 billion, meaning the sale fell short of target by Sh9.82 billion.
The reduced tariff applies to transactions between participating financial institutions, allowing customers to send money directly from one bank to another at a reduced cost. ...
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