The logistics firm is seeking fresh capital from shareholders as it pivots into property development and battles persistent losses.
By
Victor Juma
Business Editor
Nation Media Group
Express Kenya plans to raise additional capital from existing investors by selling 50 million new shares at a price the company says will be disclosed at a later date.
KQ has lowered its fundraising target from $2 billion as it prepares to launch an international search for a strategic investor.
The company’s employees are currently paid exclusively in cash as salaries and retirement benefits.
Investors in the fund stand to earn a quarterly interest payout from investments like renewable energy, agribusiness and…
Only investors with 7,520 NCBA shares or more have been offered cash-and-stock compensation to meet the condition of holding at…
The government is also planning to develop the Nairobi–Mombasa Expressway and the Mau Summit–Eldoret–Malaba Highway under similar…
Several PE and venture capital firms do not announce the financial value of their transactions, citing confidentiality clauses in…
