Standard Africa Holdings Limited, the majority shareholder in Stanbic Holdings has completed the acquisition of additional shares in the company. This raises its total shareholding to 296,188,531 shares equivalent to 74.9 percent of the company’s ownership. “Pursuant to various extensions granted by the Capital Markets Authority, SAHL is pleased that it has now completed the acquisition of the additional shares that have brought its overall shareholding to 74.92 percent of the total issued share capital of Stanbic Holdings,” said SAHL in a notice. “SAHL has, therefore, ceased acquiring additional shares in Stanbic Holdings.” SAHL had targeted to acquire a maximum…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
The project, which began construction in 2015, comprises of a mall sitting on 5.7 acres with 20,000 SQFT of letting floor space, and, 260 apartments and 138 townhouses sitting on 17.0 acres,
In the fight against climate change, education is a tremendously critical tool.
Binance constantly provides free crypto education to Africans – on topics ranging from user protection to building a career in blockchain.
Kenya health officials have urged citizens to wear masks in all indoor public settings as the country approaches high-risk COVID-19 alert status. Dr. Francis Kuria, the Director of Public Health at the Ministry of Health, said the country’s positivity rate has been on a rise since the start of May hitting a high of 5.6 percent and averaging at 3.3 percent weekly reported The East African. “We are urging Kenyans to have their masks on. We are worried that the Covid-19 numbers are going up,” Dr. Kuria said. On Friday, the ministry said the Covid-19 positivity rate had climbed sharply…
The last few months have seen a lot more people working from home, either full-time or in hybrid mode. This arrangement has become the new normal for most employers. On the one hand, it has provided freedom and flexibility, while on the other hand, it has brought on other struggles. For instance, the tendency to put in more hours when working from home has led to burnout and mental breakdown. According to a US study, without the usual office chats or canteen breaks, remote employees find they are working 1.4 more days per month than their office-based counterparts, resulting in…