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

IFC buys Sh19.2bn stake in Safaricom Ethiopia

Companies IFC buys Sh19.2bn stake in Safaricom Ethiopia Friday September 09 2022 The $100 million China-assembled Safaricom data centre in Addis Ababa, Ethiopia. PHOTO | TESFA-ALEM TEKLE | NMG Safaricom and its partners in the Ethiopian venture will see their combined stake drop by up to 15.5 percent after the International Finance Corporation (IFC) announced … Read more

KCB secures Sh18 billion IFC credit to fund green projects

Capital Markets KCB secures Sh18 billion IFC credit to fund green projects Friday September 02 2022 KCB Group chief executive officer Paul Russo during the lender’s announcement of half year 2022 financial results in Nairobi on August 24, 2022. PHOTO | DIANA NGILA | NMG KCB has obtained a loan of $150 million (Sh18 billion) … Read more

Naivas founders get Sh3.8bn in sale of stake to three firms

Companies Naivas founders get Sh3.8bn in sale of stake to three firms Friday September 02 2022 Naivas foodmarket branch in Prestige plaza along Ngong road Nairobi on Sunday, April 4, 2021. PHOTO | DENNIS ONSONGO | NMG The family of Peter Mukuha Kago –the founders of supermarket chain Naivas— has pocketed an estimated $32.29 million … Read more

PE funds, World Bank arm sell Naivas stake

Companies PE funds, World Bank arm sell Naivas stake Friday June 24 2022 A Naivas store in Nairobi. FILE PHOTO | NMG A consortium comprising World Bank’s International Finance Corporation (IFC) and French private fund Amethis have sold an estimated 30 percent stake in Naivas Supermarket to a cluster of investors led by Mauritian conglomerate IBL … Read more

Platinum, Premier Credit eye Sh4.6 billion IFC loan

Companies Platinum, Premier Credit eye Sh4.6 billion IFC loan Monday May 23 2022 IFC Regional Director for Eastern Africa Jumoke Jagun-Dokunmu. FILE PHOTO | NMG By VICTOR JUMAMore by this Author Summary The loan is part of a total of $45 million (Sh5.2 billion) financing that includes their affiliates Platinum Credit Uganda and Premier Credit … Read more