Finance

Nairobi has been named East Africa’s wealthiest city and the sixth richest in Africa, according to a new study by New World Wealth and AfrAsia Bank from Mauritius. The report estimated that there is approximately KES5.4 trillion of privately held wealth in Kenya’s capital, with growth...

Steinhoff International will separately list its African retail businesses on the Johannesburg Stock Exchange (JSE). The South African retail group will look to consolidate its African assets, which include clothing retailer Pepkor and furniture chain JD Group, prior to listing on the JSE. Steinhoff will continue to hold...