Moody's Acquires 51 % Stake in Africa's Leading Rating Agency, GCR
Moody’s Corporation announced that it has agreed to acquire a majority (51%) stake in Global Credit Rating Company Limited (GCR). GCR is a leading credit rating agency in Africa with [...]
AfDB Approves First Public Private Partnerships Strategic Framework
The African Development Bank Group (AfDB) has approved its first strategic framework for the development of public-private partnerships, a crucial step in further address the infrastructure gap in African countries. [...]
Lami Technologies, Kenyan Insurtech Startup Acquires Bluewave Insurance Agency
Lami Technologies, a Kenyan insurtech startup has acquired Bluewave Insurance Agency for an undisclosed amount, entered Malawi and Democratic Republic of Congo as it seeks for markets in Africa Bluewave [...]Rwanda’s Economy To Grow 7.2 Percent in 2022-World Bank
The World Bank projects Rwanda’s economy will grow by 7.2 percent in 2022 and 7.9 percent in 2023, the international lender said in the18th edition of the Rwanda Economic Update [...]Kenya's Afya Rekod Raises $2 Million in Seed Funding
Kenyan-based health record management platform, Afya Rekod has raised $2million in its round of Seed funding, seeking to expand its services across Africa. Investors who took part in the funding round include [...]
Kenya Floats International Tender for leasing of BRT buses
Kenya has floated an international tender from original bus manufacturers, motor vehicle dealers, leasing companies, financial institutions and interested firms for provision of buses and transport services for the Bus [...]NSE Daily Equity Turnover declines 32% to KSh 510 Million
Nairobi Securities Exchange(NSE) recorded a decline in daily equity turnover to KSh 510 Million from the previous KSh 750 Million while the volume of shares traded stood at 13 million [...]Kenya to begin work on Transnational Road link with Tanzania
Kenya has started the documentation processes for the dualling of the 40 Kilometre Mtwapa-Kilifi Road. The project is part of the 460 Km Malindi-Tanga-Bagamoyo East African corridor which is a [...]Kenya Airways Bailout and Fuel Subsidy Top Ksh 126 Billion Extra Budget
The National Treasury has revised the National budget upwards by Sh126.3 billion (3.3 percent) with Kenya Airways the petrol subsidy and payments for Covid-19 vaccines being the key drivers of [...]IFC Talks up Housing and Healthcare Partnerships with Kenya
President Uhuru Kenyatta met a delegation from International Finance Corporation at State House. The President urged the corporation and other World Bank financial institutions to offer more support to Kenya’s [...]Kenya to spend KSh 4.5 Billion on repair of metre gauge rails
Kenya Government will spend KSh4.5 billion to repair old metre gauge rails including the 217km Nakuru-Kisumu metre gauge railway (MGR), 77.8km Gilgil-Nyahururu MGR branch line and the 69.05 Kisumu-Butere section [...]Eveready E.A Plc to Delay release of its end-year financials
Eveready E.A Plc has notified its shareholders that it will delay publication of its audited financial statements for the period ended 30th September 2021. Due to unavoidable circumstances, we were [...]
