Kenya's horticulture business improves by 34.9% Stratlink Report
Stratlink has recently released a report on the market update for various countries such as Ghana, Kenya, Nigeria, Kenya, Tanzania, Uganda, Rwanda. With the main focus on Kenya, the political [...]
EABL to pay 14% interest on medium-term note
The East African Breweries Limited has issued a notice on the fifth interest payment on the 1st tranche of EABL TRANCHE 2, to be paid on 30th September 2019. The [...]
Ian Ferrao Appointed as East Africa Regional Director for Airtel Africa
Former Vodacom Tanzania CEO, Ian Ferrao, has been apponited as East Africa Regional Director for Airtel Africa, a new post that has been recently created. Mr. Ferrao, who has more [...]Engie acquires Mobisol to become Africa's leading off-grid solar energy provider
Engie has acquired Mobisol to become the market leader in off-grid solar energy services in Africa. The company will now provide solar home systems to three more countries. Engie will [...]Kenya's debt likely to hit KSh6 trillion by next year
The recent statistics from the National Treasury have indicated that as of the end of August 2019, Kenya's total public debt was at KSh5.95 trillion. Foreign lenders dominate Kenya's debt [...]Retailing and transport of LPG to be licensed
The Energy and Petroleum Regulatory Authority has issued a directive warranting all retailers and transporters of LPG to get licenses for the businesses. With the new directive, each business shall [...]Law firm Bowmans expands into Mauritius and Ethiopia
African focused law firm Bowmans has announced plans to expand into Mauritius and Ethiopia in a bid to explore more opportunities for its clients and contacts across the continent. The [...]Equity Group plans to buy majority stake in Congo's 2nd Largest lender
Equity Group directors have approved the bank’s entry into a non-binding agreement to buy a controlling stake in Congo’s second-largest bank Commercial Bank of Congo. The bank is working [...]
Lamu Port's first berth to open in October.
President Uhuru Kenyatta announced that the Lamu port's first berth would open in October. In an impromptu visit to the port, the president expressed satisfaction in the ongoing construction, citing [...]ICJ delays hearing of Kenya- Somalia maritime border disagreement
The International Court of Justice granted Kenya's plea to delay the hearing set for September 9. Kenya had requested more time to recruit a new defense team before the hearing. [...]Choppies lays off 200 workers following plans to exit Kenya
Choppies supermarket has issued termination letters to over 200 workers after it announced its plan to exit from Kenya. A letter from the company's Human Resource Manager revealed that a [...]Barclays Kenya posts highest growth in profitability among listed Banks
Barclays Bank of Kenya, which is in the process of rebranding to Absa, is the best performing banking sector share in the last 3 months of 2019 having gained by [...]
