Financial Deals: GenAfrica's Acquisition, Safaricom Stake Sale, and NCBA-HEVA Partnership

GenAfrica Asset Managers, via its Batian Property Fund, has acquired The Cube, a commercial property on Riverside Drive, to boost pension returns. Separately, the National Assembly is inviting public views on the government's plan to sell a 15 percent stake in Safaricom, a move from which the government announced securing Sh244.5 billion to fund infrastructure projects. In another deal, NCBA Bank and HEVA Fund have partnered to launch bespoke credit products for Kenya’s creative economy. This partnership aims to address a long-standing gap in financial services available to artists and creative enterprises. These actions represent new investments and financing strategies in the real estate, telecommunications, and creative sectors.