×
× Digital News Videos Opinion Special Reports Lifestyle Central Coast Eastern Nairobi North Eastern Nyanza Rift Valley Western Business News Stocks Financial Standard Africa Asia America Europe Weird News Editorial Commentary Letters Crazy World Features Entertainment Money & Careers Health & Science Sci & Tech Home & Away Generation Next Cartoon Education Pointblank Environment Travel & Destination Columns Kipkoech Tanui uReport Kiambu Murang'a Nyandarua Kirinyaga Nyeri Baringo Bomet Elgeyo Kajiado Kericho Laikipia Nakuru Nandi Narok Samburu Trans Nzoia Turkana Mombasa Kwale Kilifi Tanariver Taita Taveta Kakamega Vihiga Bungoma Busia Siaya Kisumu Homabay Migori Kisii Nyamira Nairobi Uasin Gishu West Pokot Sunday Magazine The Hague Trial Kenya @ 50 Education and Training Health and Environment Insurance and Financial Security Housing Current Affairs Humour Makau Mutua David Oginde Clay Muganda Comand Your Morning Mohamed Wehliye Wednesday Life Alexander Chagema Arts & Culture Kamotho Waiganjo Barrack Muluka Xn Iraki Urban Rights - By Steve Ouma Branding Voice KCB Fredrick Ogola Sunday Magazine Wanja Kavengi Njoki Kaigai David Oginde Ken Opalo Daisy Maritim Houghton Irungu Hustle News Group Stages Round of 16 Quarter Finals Semi Finals Finals Third Place play-offs Opinion Dr Pesa Podcasts Round Table Sepetuko Eve Woman Ramadhan Special Fact Check Correction Explainers The Standard Insider Blog E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS
×

KCB eyes Southern African market via Botswana firm

By Otiato Guguyu | November 8th 2016 at 12:00:00 GMT +0300

KCB Capital yesterday inked a deal with Motswedi that will see both firms trade and raise funds in Nairobi and the Botswana Stocks Exchanges.PHOTO: COURTESY

Kenya Commercial Bank investment arm is seeking a piece of the Southern African market through a partnership with Botswana brokerage firm Motswedi Securities.

KCB Capital yesterday inked a deal with Motswedi that will see both firms trade and raise funds in Nairobi and the Botswana Stocks Exchanges.

The South African stockbroker firm's founder Martin Makgatlhe said discussions for a major project in Botswana were underway but could not reveal the value or specifics at the moment.

"We want to raise capital and investments in each other's market. For specific projects, we are in talks for one major project in Botswana and now that I am here we will also be looking at what opportunities are available in Kenya," Mr Makgatlhe said in Nairobi yesterday.

The firm is part of a delegation led by Botswana Minister for Investments, Trade and Industry, Vincent Seretse on a mission to Kenya. Mr Seretse signed a memorandum of Understanding with his Kenyan counterpart, Cabinet Secretary Aden Mohamed to boost trade between the two countries.

This follows President Uhuru Kenyatta's July visit to the South African country to reignite trade that fell sharply last year.

In 2014, Kenya exported about $8.34 million (Sh847 million) worth of goods which fell drastically to $4.51 million (Sh458 million) last year. Botswana Investment and Trade Centre Chief Executive Officer Letsebe Sejoe said Kenyan companies should think of investing directly in the country in agriculture and manufacturing instead of relying on exportation alone.

"In Agriculture, we are net importers of almost everything except beef. We have about $7.2 billion (Sh731 billion) of imports so there is vast opportunities especially as we look at reviving manufacturing by bringing in expertise from primary production to value addition," Mr Sejoe said.

He added that the country has investor friendly regulations including 22 per cent corporate tax, no foreign ownership restriction, a double taxation agreement and the leeway to negotiate further concessions.

The over 20 companies and Government institutions' representatives accompanying the trade minister are also seeking opportunities in the country on the back of the entry of Botswana retailer Choppies which launched into the Kenyan market this year.


Kenya Commercial Bank Southern African market Botswana firm
Share this story

Read More

Feedback