Serrari Group

Quick Mart Supermarket Owners Diversify Into Financial Services Through Strategic Minet Insurance Brokerage Acquisition

In a strategic move that significantly expands the business interests of the investors behind Kenya’s rapidly growing Quick Mart supermarket chain, Bima Holdings Ltd—an investment vehicle backed by Mauritius-based private equity firm Adenia Partners—has received regulatory approval from the Competition Authority of Kenya (CAK) to acquire full ownership of Minet (Mauritius) Holdings Ltd, a prominent […]

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Kenyan Tea Companies Deploy Bonus Shares Strategy as Global Prices Weigh on Profits

Two of Kenya’s prominent listed tea companies have implemented an unconventional financial strategy by issuing bonus shares to their shareholders despite experiencing significant financial headwinds and declining profitability. Williamson Tea Kenya and Kapchorua Tea have both executed bonus share distributions aimed at rewarding loyal investors, improving share liquidity, and maintaining market presence during a challenging […]

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Kenyan Stock Market Experiences Weekly Decline Amid Heavy Trading in Safaricom and Power Sector Volatility

The Nairobi Securities Exchange concluded the trading week of October 13, 2025, on a decidedly bearish note, with major market indices posting significant losses across the board. The comprehensive downturn reflects growing investor concerns about corporate earnings, sectoral challenges, and broader macroeconomic headwinds affecting East Africa’s largest economy. Build the future you deserve. Get started […]

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International Finance Corporation Backs KSh 9.6 Billion Deal for Axian Telecom’s Wananchi Group Acquisition

Kenya’s telecommunications and entertainment landscape is set for a significant transformation as Axian Telecom of Mauritius moves forward with its acquisition of Wananchi Group, the parent company of popular brands ZUKU and ZukuPay. The deal, which will see Axian acquire a 99.63% controlling stake in the Kenyan broadband and pay-television provider, is being backed by […]

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Kenya Executes Strategic $1.5 Billion Eurobond Refinancing to Lower Borrowing Costs and Extend Debt Maturity Profile

Kenya has successfully raised $1.5 billion through a strategically timed international bond issuance, deploying the bulk of the proceeds to repurchase its existing $1 billion 2028 note while simultaneously extending the country’s debt maturity profile and reducing near-term refinancing pressures that have weighed on the nation’s fiscal outlook. The landmark transaction, launched on October 3, […]

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President Ruto Announces National Infrastructure Fund to Reduce Kenya’s External Debt Dependence and Accelerate Development Projects

Kenya is poised to establish a transformative national infrastructure fund designed to finance major development projects including roads, dams, and power generation facilities, in a strategic pivot that will substantially reduce the country’s reliance on external borrowing while ensuring sustainable, locally-financed development that addresses critical infrastructure gaps constraining economic growth. This landmark initiative, announced by […]

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Mastercard and Hillcroft Partner to Transform East Africa’s Insurance Landscape Through Embedded SME Coverage Solutions

For years, insurance penetration in Kenya has languished at persistently low levels, hovering between 2.3% and 2.6% as of mid-2023—a figure that remains significantly below the global average of approximately 7% and reflects the broader challenges facing insurance markets throughout developing economies. This substantial gap between Kenya’s insurance uptake and international benchmarks highlights profound structural […]

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