Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Aga Khan Fund buys 2.4pc stake in Serena hotels owner
Aga Khan Fund for Economic Development Director Mahmud JanMohamed (left) chats with Industrial Promotion Services (IPS) Chief Executive Officer Galeb Gulam during a past reception on June 18, 2024.
The Aga Khan Fund for Economic Development (AKFED) is set to buy an additional 2.42 percent stake in TPS Eastern Africa, the owner of Serena hotels, in a private transaction.
The deal will raise AKFED’s ownership in the Nairobi Securities Exchange-listed firm to 67 percent from the current 64.58 percent.
