A Kenyan Share-Ride Client' has Ordered $1M Electric Motorcycles from US-Based Firm
A Kenyan ‘shared-ride client’ has ordered $1 million electric bikes from US-based ReVolt Electric Motorbikes, subject to a pilot test. ReVolt Electric Motorbikes is a new company conceived by Alternet [...]
CAK Approves Acquisition of Nova Academies by SA-based Summit Real Estate Pty
The Competition Authority of Kenya has approved the acquisition of Nova Academies Tatu City Property Limited by Summit Real Estate Proprietary Limited . Summit is incorporated as a real estate [...]Listed Companies Score Highly on Corporate Governance CMA
The Capital Markets Authority has released its findings on the state of corporate governance for 56 listed companies. It is the first report of its kind since the Code of [...]
Standard Chartered Bank Pleads Guilty to Manipulation of the Rand
Standard Chartered Bank has pleaded guilty to currency manipulation of the South African Rand between 2007 and 2013, the Competition Commission has confirmed. In a Press statement, the commission confirmed [...]Raddison Hotel's Arboretum Outlet to Open in September
Radisson Hotel has confirmed that its Arboretum outlet (houses and apartments) will be opened it September a year after it had been marred with construction delays. Senior vice president development [...]Investment Bank Issues Sell Recommendation for NMG
Analysts at Faida Investment Bank recommend a sell for the Nation Media Group stock. The share has lost 5.3 per cent of its value since the start of 2019 and [...]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 [...]
