KCB Group announces voluntary early retirement programme

KCB Group announced that it is offering a voluntary buyout program for employees considering early retirement as the bank accelerates its transformation strategy. The employee buyout programme which was approved by the board of directors today is expected to save an estimated KShs.2.0 billion per annum and should recover buy out costs within a period

Sanlam Group

Sanlam Group to expand its East African footprint with acquisition of PineBridge Investments EA

In matters acquisition, Sanlam Group through its subsidiary Sanlam Emerging Markets (SEM) has reached an agreement with PineBridge Investments to acquire PineBridge’s majority stake in PineBridge Investments East Africa Limited (PIEAL) in Kenya. Once the acquisition is complete, PineBridge Investments East Africa Limited (PIEAL) will rebrand to Sanlam Investments East Africa Limited (SIEAL). The two