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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,…
The Guide mainly covers three key areas – understanding the asset class and where it sits alongside other asset classes, why and how to invest in PEs and an overview of the benefits and risks of investing in PE.
The development of the guide was informed by a market study report that sought to investigate the low uptake of investment by pension schemes.
In Kenya, for instance, PE allocations by pension schemes account for only 0.08 per cent of the total industry assets under management. From a regulatory perspective, there are provisions allowing pensions to invest in PE funds across East Africa (Kenya, Uganda, Rwanda, Tanzania, and Ethiopia).
According to Kenya’s pension regulator, the Retirements Benefits Authority (RBA), though the country has had regulations that provide for diversification of pension funds away from traditional instruments, most pension schemes are still predominantly bond and stock investors.
Central Bank of Kenya data shows that Kenya’s banking sector assets grew by double-digits in…
Stanbic Holdings Plc has announced a profit of KSh 4.8 billion for the half year…
KEMSA said it had invested more than KSh 30 million to facilitate efficient service provision…
Afya Rekod has partnered with Medi-science International Limited to transform healthcare delivery through improved access…
Nasdaq in an article dated April 20, 2022, said the move is classed as Black economic empowerment (BEE) transaction, a government initiative to reverse ongoing economic inequalities almost three decades after the end of apartheid, encouraging companies to meet quotas in areas including Black ownership, employment, and procurement.
“This deal underpins our firm belief that real transformation is necessary to sustain business growth and serve the best interests of all South Africans,” CEO Iain Williamson said in a statement.
“Through this Old Mutual Bula Tsela Retail Scheme, we will give our people the opportunity to become (indirect) owners of the company they love and trust,” he added.
The new shares will constitute approximately 4.36 per cent of Old Mutual’s current issued share capital and 4.18 per cent of the enlarged share capital.
