South Africa’s Nedbank Group is offering to acquire a 66% controlling stake in Kenya’s NCBA Group. The 13.9 billion rand (approximately $856 million) cash-and-stock transaction is a strategic bet on.
Kenya has reached an agreement to sell a 15% stake in Safaricom to Vodacom for about $1.6 billion. Once finalised, Vodacom’s ownership will rise to 55%, giving it majority control.
The global financial sector thrives on interconnectedness, with stock exchanges serving as crucial pillars of economic growth. The New York Stock Exchange (NYSE) commands a market capitalisation exceeding $28 trillion,.
The Nairobi Securities Exchange (NSE) has launched an incubation and acceleration board called Ibuka. To date, 13 companies have submitted Expressions of Interest to join the Ibuka Programme while 10.
