Business & Economy3 stories
Aavishkaar Capital, an impact investment fund manager, has secured a $40 million investment from the Japan International Cooperation Agency (JICA) for its Global Supply Chain Support Fund to support Kenyan and African SMEs. In another deal, the Capital Markets Authority (CMA) has approved the sale of Holcim Limited’s 29.2% stake in East African Portland Cement (EAPC) Plc to Kalahari Cement Limited. Kalahari Cement is a Kenyan investment company linked to Tanzania’s Amsons Group. Additionally, Access Bank has finalized its acquisition of National Bank of Kenya (NBK). This development coincides with a High Court ruling that provided a partial win for over 130 former NBK employees in their legal battle for pension benefits.
