Mauritian firms have injected more than Sh5 billion into the economy through acquisitions and investments in Kenyan companies, indicating tightening economic links between Nairobi and the Indian Ocean Island country.
The rush to Kenya by Mauritian firms is partly spurred by a double-taxation agreement signed two years ago.
Financial services group SBM Holdings’ intended acquisition of Fidelity Bank for an estimated at Sh2.7 billion is so far the single-biggest publicly announced deal. Read more. Source | Business Daily