Author: Korir Issa

Family Bank steps onto the Nairobi Securities Exchange on 23 June 2026 at a reference price of KES 18.00 per share, ending a five-year journey to go public and completing its transformation from a building society founded in 1984 into one of Kenya’s largest mid-tier lenders. The listing will not raise new capital. Instead, existing shareholders gain a regulated public market to trade their holdings, giving them liquidity while protecting current investors from the ownership dilution that a fresh share sale would trigger. What the Listing Price Implies At KES 18.00 per share across 1,662,654,760 issued and fully paid-up ordinary…

Ufundi Savings and Credit Co-operative Society has formally invited buyers to bid for its 13-floor commercial building in Nairobi’s central business district, moving the long-running property sale from intention to open tender. In a notice dated June 11, 2026, the Sacco’s Chief Executive Officer announced the sale of Ufundi Co-op Plaza through a competitive bidding process, with sealed bids due by July 1. What Is on Offer The building sits at the junction of Moi Avenue and Moktar Daddah Street on Land Reference No. 209/2571. Beyond its 13 above-ground floors, the property includes three basement levels and approximately 49,000 square…

Stanbic Bank has put a greenfield entry into Ethiopia on the table, a move that would make it the first major African bank to bypass the acquisition route into the market. The bank says it is ready to build a startup operation in Ethiopia as it looks at ways around a rule that caps foreign ownership at 49% when a lender enters through an acquisition. Building from scratch carries no such restriction. A bank that constructs its own operation can own 100% of the entity.  Joshua Oigara, Regional Chief Executive of Stanbic Bank, made the statement in Johannesburg on the…

Construction at the Port of Mombasa is moving. Berth 19B, the Ksh 19 billion quay extension contracted to China Communications Construction Company (CCCC) in March 2025, has now reached 30 percent completion. Berth 19B is already under construction at 30 percent progress, while plans are also underway to construct Berths 23 and 24, whose combined completion will increase Mombasa’s capacity by 1.4 million TEUs. What the New Berth Adds The project involves a major quay extension. The new berth will add 240 metres of quay length and provide a 15-metre draft, allowing the port to receive container ships of up…

The world’s largest electric two-wheeler manufacturer just entered one of Africa’s most contested transport markets.  Yadea Group Holdings (HKEX: 1585) unveiled its KIFA electric motorcycle at Autoexpo Kenya 2026 in Nairobi on June 4, marking its official entry into Kenya and its second named East African market after Ethiopia.  A business generating record revenue Yadea recorded revenue of RMB 37,008.2 million in 2025, a 31.1 per cent increase from RMB 28,236.2 million in 2024. Profit attributable to shareholders more than doubled to RMB 2,911.6 million from RMB 1,272.4 million. Total unit sales rose from approximately 13 million in 2024 to…

Canal+ did not come to Johannesburg simply to ring a bell and pose for photographs. The French media group arrived as the owner of MultiChoice, the architect of a €100 million turnaround plan, and the first French company ever to list on the Johannesburg Stock Exchange. The ceremonial kudu horn blast that marked the occasion on Wednesday signalled something more consequential than a routine capital markets event. The listing, designated number 263 on the JSE, gives Canal+ a secondary home alongside its primary listing on the London Stock Exchange, active since December 2024. Together, the two listings reflect a deliberate…