Given the wall of private equity (PE) money coming in to Africa, do we have the type of investment deals that equity funds are looking for? Is the same model used in the Europe and North America sustainable in Africa?
The MPs, who were debating the Finance Bill 2015, deleted the proposal which was made in Mr Rotich’s Budget speech presented to the House in June.
This means that the minimum capital requirement for commercial banks will remain at Sh1 billion. While making the proposal, Mr Rotich had argued that the economy needs fewer and better capitalised banks that can finance big projects to accelerate growth. Read more. Source | Business Daily