Business & Economy3 stories
Several financial and investment entities have announced significant capital and business initiatives. Credit Bank is seeking approval from its shareholders to raise up to Sh4.5 billion through a private placement to bolster its capital base and fund growth. In a move to support a different sector, NCBA Bank and HEVA Fund have partnered to launch bespoke credit products targeting Kenya’s creative economy. This partnership aims to address a long-standing gap in financial services for artists and creative enterprises. In the real estate sector, GenAfrica Asset Managers has acquired The Cube, a commercial property on Riverside Drive. The acquisition was made through its Batian Property Fund as part of a strategy to boost pension returns.
