Bill Gates-backed fund sells Sh1 billion stake in Kenya hospitals

Companies Bill Gates-backed fund sells Sh1 billion stake in Kenya hospitals Thursday November 24 2022 US business magnate and philanthropist Bill Gates. FILE PHOTO | AFP A US-based private equity fund that is backed by the Bill & Melinda Gates Foundation and the International Finance Corporation (IFC) is selling its stake in Nairobi’s Metropolitan and … Read more

Tycoon takes full control of Coast Cables from family

Companies Tycoon takes full control of Coast Cables from family Wednesday August 31 2022 The Competition Authority of Kenya (CAK) has approved the full acquisition of Coast Cables Limited Atul Premchand Shah, making the businessman the sole owner of the company manufacturing and importing electric cables.   The company which makes over Sh1 billion revenue annually … Read more

Watchdog approves Jubilee purchase of Allianz health unit

Health Watchdog approves Jubilee purchase of Allianz health unit Tuesday August 30 2022 The Competition Authority of Kenya (CAK) has approved the acquisition of the medical insurance business of Allianz Kenya by Jubilee Health Insurance set to be the second transaction between the two insurers. Jubilee Health, wholly owned by Jubilee Holdings Limited, will acquire … Read more

Toyota Kenya acquires 35pc stake in solar installation firm

Companies Toyota Kenya acquires 35pc stake in solar installation firm Wednesday August 24 2022 Toyota Kenya has acquired a 35 percent stake in solar installation company Ofgen for an undisclosed value. FILE PHOTO | NMG Toyota Kenya has acquired a 35 per cent stake in solar installation company Ofgen for an undisclosed value, deepening the … Read more

Watchdog stops lawyers from price-fixing in court fight

Economy Watchdog stops lawyers from price-fixing in court fight Friday August 19 2022 A team of lawyers proceeding to the Public Service Commission offices in Nairobi on Wednesday, October 13, 2021. PHOTO | DENNIS ONSONGO | NMG Lawyers have been dealt a blow after the High Court dismissed a petition seeking to quash a section … Read more

Regulator stops wheat quota plan by millers

Commodities Regulator stops wheat quota plan by millers Friday May 13 2022 The competition watchdog has stopped a bid by large-scale millers to manage the allocation of locally produced wheat among themselves. FILE PHOTO | NMG By GERALD ANDAEMore by this Author Summary The Competition Authority of Kenya declined the request by Cereal Millers Association … Read more

CAK, African regulators team up to check digital markets

News CAK, African regulators team up to check digital markets Friday February 18 2022 Officials from five African competition authorities during the Africa Heads of Competition Dialogue held in Johannesburg, South Africa on February 17-18, 2022. PHOTO | COURTESY By KEVIN ROTICHMore by this Author Summary Regulators say digital markets have disrupted traditional markets presenting … Read more