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Kenya Re Proposes Dual Share Structure Giving Treasury Majority Board Control
Kenya’s state-backed reinsurer plans to lock in government control of its board through a governance overhaul that would introduce unequal voting power between shareholders
Italian Packaging Firm Guala Closures to Acquire Metal Crowns Kenya
The COMESA Competition Commission has opened a formal inquiry into Guala Closures S.P.A.’s proposed acquisition of 100% of Metal Crowns Limited (Kenya). The review will assess whether the transaction could substantially lessen competition or raise public interest concerns within the COMESA Common Market, where the two firms have limited overlaps in metal crown sales.
PwC Taps Kang’e Saiti to Lead Eastern Africa
The transition signals continuity rather than reinvention, with PwC opting for an insider deeply embedded in both regional markets and the firm’s operational culture.
Europe Disburses US$1.16bn to Support Egypt's Economy
The European Commission has disbursed €1 billion (~US$1.16bn) in concessional development financing to Egypt, the first of the expected three instalments
From East African Industrial to NSE 20: The Forgotten Roots of Kenya’s Market Benchmark
The NSE 20 Share Index, Kenya’s oldest stock market benchmark, began in 1964 as the East African Industrial Share Index—tracking regional blue chips across Kenya, Uganda, and Tanzania. It evolved into a purely Kenyan index after the collapse of the East African Community in 1977. Through market liberalization, privatizations, and financial crises, the NSE 20 has reflected Kenya’s shifting economic landscape. Though now overshadowed by broader indices, its legacy remains vital for historical analysis and regional market integration.
China Offers Kenya 98.2% Zero-Duty Market Access
Kenya has reached a preliminary bilateral trade understanding with China that will grant 98.2% zero-duty market access for its goods
CIB Bank Kenya Appoints Tirus Mwithiga as its new CEO
CIB Bank Kenya has appointed Tirus Mwithiga as its new CEO, taking over from Abhinav Nehra, who was appointed to the role in April 2024.
Fuel Price Cuts Offer Some Relief to Motorists, Households
Kenya's energy regulator has announced price cuts for Super Petrol, Diesel and Kerosene by KSh2.00, KSh1.00 and KSh1.00 per litre respectively,
Kenya Railways Unveils Nyayo, Talanta Stadiums Rail Link for AFCON 2027
Kenya Railways has begun clearing land for a new commuter rail station at Nyayo National Stadium and a spur line linking Nairobi Central Station to Talanta Sports City
EABL's CFO Risper Ohaga’s Exits After Six Years at the Helm
East African Breweries Plc has announced the resignation of its Chief Financial Officer and Executive Director, Risper Ohaga
Starlink Rival Spacecoin Enters Kenya
Spacecoin, a U.S space startup building a decentralized internet network, has secured regulatory approval from the Communications Authority of Kenya (CA)