KenGen signs KSh 250mn Geothermal Deal with Eswatini
Listed energy firm KenGen will conduct geoscientific studies in three regions of Eswatini to determine the feasibility of developing a geothermal power plant in the country, after signing a KSh [...]
Kenya's Mawingu Acquires Arusha-based Internet Service Provider Habari for KSh. 1.9bn
Mawingu Networks, a Kenyan Internet Service Provider (ISP) has acquired Habari, an Arusha-based ISP, for KSh 1.9bn. “This acquisition, along with an additional $15 million of financing, will enable Mawingu [...]KeNIC Partners with Zoho to Increase Uptake of .ke Domain
KeNIC has partnered with Indian multinational tech company Zoho to drive the uptake of second level domain name .ke in Kenya. Through our partnership with Zoho, we provide access to [...]Makini Group of Schools' Owner ADvTECH Acquires Ethiopian School for $7.5mn
Makini School’s owner ADvTECH has concluded a $7.5 million agreement to acquire 100% interest in Ethiopia’s Flipper International School. “As Addis Ababa experiences rapid urbanization, the demand for high-quality education [...]Airtel Money Partners with Naivas to Expand Network
Airtel Money has entered into a partnership with Naivas, which would enable its customers to deposit and withdraw cash in all the 109 branches of the retailer. “This partnership underscores [...]Adani Claims Kenya Cancellations Have no Material Impact on Conglomerate
In a letter to the National Stock Exchange of India and the Bombay Stock Exchange (BSE), Adani Enterprises Limited stated that the cancellation of its project proposals in Kenya had [...]President Ruto Cancels All Adani Deals
President William Ruto on Thursday ordered the Ministry of Transport and Energy to cancel all the contracts awarded to the Indian conglomerate Adani Group, bringing to a temporary halt the [...]Afreximbank Signs US$ 127mn Energy Deals, Budgets US$ 300k to Lobby Trump on AGOA
The African Export-Import Bank (Afreximbank) has signed multiple energy related deals worth US$127mn during the ongoing Africa Energy Week in Cape Town, African Energy Chamber said in a statement on [...]
Regulator Approves Ramco's Bid to Solely Own Kenyan Subsidiary after Amethis' Exit
The Competition Authority of Kenya (CAK) has approved the acquisition of investment holding company Ramco Plexus by its parent company Ramco Inc. “As per the parties’ submissions, this transaction will [...]Savannah Clinker Hikes Bamburi Cement Acquisition Offer by 9.4%
A circular from listed cement maker, Bamburi Cement PLC, to its shareholders reveals that Savannah Clinker's proposed price for takeover has risen from KSh 70 per share to KSh 76.55. [...]Ecobank Sierra Leone and British Govt's Investment Firm Sign $25mn Deal to Boost Private Sector
The British International Investment (BII), the UK's development finance institution has signed a $25mn risk sharing deal with Ecobank's unit in Sierra Leone. This further strengthens our intent to be [...]Centum Lays Groundwork for Francophone Africa
Centum Investment Company PLC (Ticker: CTUM) has signed a deal with HR firm ITM Holdings, that allows for ITM toexpand into Kenya’s rapidly growing Business Process Outsourcing (BPO) sector, while [...]
