Bboxx, UK firm gets a $ 5.5 Million Loan to Roll Out Clean Energy Solutions in Sub-Sahara Africa
Bboxx, a U.K based company has received a loan of$ 5.5 Million loan from the Africa Go Green Fund for Renewable Energy and Energy Efficiency (AGG), to roll out its [...]
IMF Approves $455 Million Loan for Congo
The IMF board on Monday approved a three-year, $455 million loan for the Republic of Congo to help undergird the African nation’s economic recovery against the effects of the global [...]
Kenya Lifts Ban on Inbound Passenger Flights from Dubai
Kenya has lifted a ban it had imposed on all inbound and transit passenger flights from Dubai two weeks ago. According to a report by the Kenya Civil Aviation Authority, [...]DTB Partners with Canton Chamber of Commerce for Financing
Diamond Trust Bank (DTB) has partnered with Canton Chamber of Commerce in Kenya (Guangdong Association) to offer financial services for the Belt and Road Initiative investors. The deal will see [...]
NSE Daily Equity Turnover Rises 46.3% to Close At KSh 395.0 Million
The Nairobi Securities Exchange(NSE) recorded an increase in equity turnover to KSh 395 Million at the end of the first day of the trading week compared to a turnover of [...]Savannah Cement to float KSh 39.7 Bond on London Stock Exchange for Clinker Project
Savannah Cement plans to raise $350 million (KSh39.7 billion) via a bond on the London Stock Exchange (LSE) to build a clinker production plant. The firm has been relying on [...]Avocado Varieties Exports from Kenya face extended ban by AFA
Avocado Varieties that include Hass and Fuerta now face an indefinite and extended export ban imposed by the Kenya Agriculture and Food Authority(AFA). The export ban, which was first instituted [...]Unilever Tea Kenya Plc to Apply for Power Generation Licence
Unilever Tea Kenya Plc has announced its intention to apply for a Licence to generate, transmit and distribute electricity for use within its estates in Western Kenya that include Kericho [...]Samsung Electronics Appoints Tae Sun Lee as Managing Director for East Africa.
Samsung Electronics has appointed Mr. Tae Sun Lee as the new East Africa Managing Director effective January 2022. He takes over from Mr. Seok Min Hong who has been at [...]Uganda's Earnings from Export Processing Zone Hit Record High of $1.2 Billion.
Uganda’s earnings from export processing zones grew to a record high of $1.2 billion for financial Year 2020/21 from $154 million in Financial Year 2019/20, according to a report by [...]Kenya Begins Oil Exploration Activities in Lamu
Kenya has begun oil and gas exploration activities in the Lamu Basin, ignoring the ICJ ruling over a maritime dispute with Somalia. Petroleum commissioner James Ng’ang’a said that ENI Kenya [...]South Africa Receives $750 Million Covid Relief Loan from the World Bank
The World Bank Group Board of Executive Directors approved a $750 million development policy loan (DPL) for South Africa. The loan will support the Government's efforts to accelerate its COVID-19 [...]
