Ethiopia Sets Up Telcom's Authority as it Opens its Market to Local and Global Investors
Ethiopia government, under the leadership of its Prime Minister Abiy Ahmed, has opened up its telecommunications economy both to investors in the country and foreign aimed at achieving “the government’s [...]
Kenya-Ethiopia Trade to hit $175M Upon Completion of 895-kilometre Highway Corridor in H1 2019
Trade between Kenya and Ethiopia is expected to increase significantly to $175 million this year due to the 895-kilometre highway corridor linking the two countries. The Mombasa-Nairobi-Addis Ababa road, conceptualised [...]CAK Okays PEs 24.2% Acquisition of Prime Bank
Two private equity companies have received approval from Competition Authority of Kenya to buy up to 25 per cent of Prime Bank. Catalyst Principal Partners and Africinvestment now own 24.2 [...]
Airport Workers Suspend Strike to Pave Way for Further Deliberations'
A sense of calm has returned at Jomo Kenyatta International Airport after the lobby group that had threatened to paralyse operations at the aviation hub rescinded the decision. Kenya Aviation [...]UNCONFIRMED: Brookside in Talks to Acquire Githunguri's Fresha
Brookside Dairy, producers of Ilara, Tuzo and Delamare brands of milk, have approached Githunguri Dairy Farmers Cooperative to acquire its Fresha product line. Brookside is associated with President Uhuru Kenyatta, [...]Chigwell Holdings Buys 47 Acres to Unlock Tilisi's 2nd Phase of 120-acre Residential Development
Chigwell Holdings, the real estate developer behind Langata’s Phenom Estate, has acquired 47 out of 120 acres set aside for residential development at Tilisi mega-city. This opens way for the [...]CMA Joins a Global Network of Regulators Committed to Fintech Innovation
The Capital Markets Authority has joined a Global Financial Innovation Network, an international network of 29 financial services regulators, and related organisations, committed to supporting financial innovation. GFIN seeks to provide [...]KBL's Ksh14Bn Kisumu Brewery to be Operational Soon
The Ksh14 billion Kisumu breweries plant is in the final stages to become operational. Kenya Breweries Limited team is on site for final test runs before the production of Senator [...]
Operations at JKIA to be Affected by Impending Industrial Action by Airport Workers
Operations at the Jomo Kenyatta International Airport are expected to be grounded tomorrow, as Kenya Aviation Workers Union remains adamant that they will proceed with their strike to protest the [...]UNOPS Partners with Kenyan Govt to Deliver 100K Affordable Housing Units
United Nations Office for Project Services has partnered with Uhuru Kenyatta’s government to deliver at least 100,000 affordable and sustainable homes across the country. As part of the agreement, UNOPS [...]Barclays Bank of Kenya Will Rebrand to Absa Kenya in 2020, and not anytime before Matlare
Barclays Bank of Kenya will rebrand to Absa Kenya in 2020, and not anytime before. The Group Deputy CEO Peter Matlare says that the transitioning period requires an “important process [...]Wind Production in Kenya Surpasses Thermal Generation
Wind energy has surpassed thermal generation in Kenya, signalling the end of era of high cost of electricity due to the reliance of diesel-power generation of energy. Electricity from wind [...]
