About half of Kenyan banks have now joined the mobile and electronic money transaction service, PesaLink, giving momentum to the new platform that is intended to rival the service offered by telecommunications companies.
Japan’s Isuzu Motors has acquired a majority 57.7% stake in General Motors East Africa from the parent company General Motors Co. (NYSE:GM. Isuzu has said that is making this investment with the intention of expanding its commercial vehicle production and sales in Eastern Africa.
French Private Equity Firm Amethis Finance together with its partners have acquired a 40 per cent stake in East African packaged food business Kenafric Industries.
A South African private equity firm has acquired the Kenyan unit of global insurance broker Aon for an undisclosed amount.
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