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Businesses are expanding across borders, new trade corridors are emerging, and regional ambition remains strong, but liquidity, payments and execution challenges continue to shape…
East Africa’s Kenya and Tanzania are among the strongest value…
In July, Kenya’s markets regulator licensed Shariah-compliant REITs, ESG-aligned advisors,…
Kenya Breweries Limited (KBL) has launched a campaign to recruit over 5,000 new farmers to…
Africa seeks economic prosperity rooted in sustainable development and inclusive growth. Appropriate governance and exploitation of the latent potential in the African blue economy can accelerate economic growth. Consequently, this can help alleviate poverty throughout the continent.
Post the Restructure, in January 2018, Probrands disposed of its dairy assets to a newly incorporated company, Prodairy, a dairy and dairy products processor.”
The company has a long history of brushes with the law.
In 2013 Innscor Africa Limited was fined US$ 60 million for not following the proper procedures in its acquisition of majority shareholding in National Foods Limited in 2013. The CTC, after conduction investigations on the transaction, found that Innscor acted against regulations when it purchased a majority interest in National Foods.
Innscor Africa Limited as in its most recent run-in with CTC did not notify them of their intention to acquire a majority stake in National Foods Limited which is a contravention of the Competition Act.
E-pharmacy platform MYDAWA has received US$1.2 million from the Bill and Melinda Gates Foundation to…
Unity Homes has completed 10.0 per cent of its KSh 5.4 billion housing project dubbed…
In times of economic volatility like during a recession cash king. Cash provides investors with a buffer to absorb the shocks that may comes from a bad economy but also the ability to take full advantage of the opportunities that are sure to arise as investors run for the doors.
Shrewd investors who realize this will always make cash or dry powder provisions in their investment portfolios. They do this by keeping cash in their brokerage or bank accounts or investing in near-cash securities like money market accounts and certificates of deposits.
Cash is important because in a recession good quality securities and investments can be bought for knockdown or bargain basement prices. This can only be realized if an investor to begin with did not lose their nerve at the prospect of a recession and secondly decided to keep a significant portion of their portfolio in cash.
