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Regional Markets
Family Bank marks largest private-sector listing on the Nairobi Securities Exchange (NSE) in more than 17 years. On Tuesday, the lender debuted trading with…
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Under a new COMESA programme, farmers in the five East…
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This strategic agreement aims to reduce border congestion, enhancing trade flow in a key African…
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Most East African family businesses believe that it is essential to be trusted by customers,…
South Africa-based insurer Hollard International has extended its footprint into East Africa. Hollard, a privately owned insurance, has struck a deal to acquire a stake in Apollo Investments Limited, the parent company of Kenya-headquartered APA Insurance.
This strategic investment, subject to regulatory approvals, gives Hollard International a presence in the East African market. The new acquisition supplements its existing operations in Southern and West Africa. Once approved, Hollard will become the second international investor in APA Insurance, following Swiss Re, which acquired a stake in 2014.
The sudden collapse of the Nigerian Naira versus the US dollar has caused widespread shock…
