Britam Offloading HF Stake, KQ’s Halted Nationalization, Kenya’s Retail Business, CBN’s Crypto Position and Commodities Perfomance.

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HF is up by 9.94% after Britam announced plans to sells part of its stake in the business to a bank, which could help its long term recovery depending on the buying bank. However, the rally is driven by speculation as the details of the transactions are still in the works. Parliament has halted the bill seeking to nationalize KQ, which faced numerous challenges last year because of the pandemic, which is likely to affect its results. Carrefour’s success in Kenya rides on proper management of agreements with suppliers and direct sourcing. Quickmart’s PE investment could point out to its strength as a business.

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