East Africa Private Equity Lobby EAVCA Appoints New Directors
The East Africa Venture Capital Association (EAVCA) has appointed a new executive team as it looks to increase its membership. The private equity (PE) lobby named Ms Eva Warigia and Ms Esther Ndeti as the two new co-executive directors, who... Read More →
Carlyle Group And TPG Capital Make $100 Million Bid For Kenyan Restaurant Chain
Two of America’s largest private equity firms, Carlyle Group and TPG Capital, are looking to acquire Kenyan coffee chain Java House is a deal that could be worth as much as $100 million. According to a report by Kenyan newspaper... Read More →
Investors Face Income Starvation as NSE Firms Drop Dividends from Menu
Squeezed earnings, reorganisation of business models and a drive to expand are testing the patience of investors at the stock market. Many companies at the Nairobi Securities Exchange (NSE) – which is trading at eight-year lows – are increasingly becoming... Read More →
Kenyan Tycoon Wins Sh37.5bn Tender to Build Gas Plant in Mozambique
Kenyan tycoon Humphrey Kariuki has won a Sh37.5 billion tender to build a gas power plant in Mozambique. Mr Kariuki’s firm GL Africa Energy, which is based in the UK, will build and operate the 250-megawatt gas-powered plant in northeastern... Read More →