Business & Economy3 stories from 2 sources
The Capital Markets Authority (CMA) has licensed four new capital market players and approved additional investment products to expand Kenya's financial sector. Among the approvals are Etica Capital’s Multi-Asset Fund and the Acorn Build-to-Rent REIT, which aim to diversify financial offerings. Separately, Diamond Trust Bank Kenya announced its plan to sell its entire 83.67% shareholding in DTB Burundi. The stake will be sold to a consortium of primarily Burundian investors. This divestment aligns with DTB's strategy to concentrate on its core markets in Kenya, Uganda, and Tanzania.
The Capital Markets Authority (CMA) has significantly broadened Kenya's capital markets by approving four new licenses and additional registrations for investment vehicles. These approvals aim to diversify financial offerings and investment opportunities within the country.
Summary & Analysis
Diamond Trust Bank Kenya has announced its plan to sell its entire 83.67% shareholding in DTB Burundi to a consortium of primarily Burundian investors. This decision aligns with DTB's strategy to concentrate on its core markets in Kenya, Uganda, and Tanzania.
Summary & Analysis
