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Kenya Outlaws Commercial Surrogacy
Africa Needs More, Not Less, Oil & Gas Production to Develop
Africa has the lowest per-capital emissions of all continents, averaging 1 tonne of CO2 emitted annually by each individual, and it should set its own timelines for the energy transition
AfDB Approves US$ 310mn for FirstRand Bank
The African Development Bank (AfDB) has approved a $310 million financial package to FirstRand Bank, a wholly owned subsidiary of the FirstRand Group
Shanta Gold Faces Local Skepticism as it Unveils US$19 Million Annual Operating Plan in Western Kenya
Shanta Gold Ltd. has projected annual operating costs of about $19 million for its planned Isulu–Bushiangala underground gold mine in western Kenya,
Del Monte Kenya Goes Green with New Solar Installation in Thika
Del Monte, which runs one of the largest agricultural operations in Kenya, has transitioned its pineapple operations in Thika to solar power.
Parliament Removes Ownership Caps for Capital Market Intermediaries
Parliament has approved sweeping reforms to the Capital Markets Act, repealing long standing ownership caps for investment banks, brokers, fund managers and derivatives firms.
Co-op Bank Hits KSh 25.00 on Q3 Results; Uchumi at Five-Year High
Co-op Bank hit KSh 25.00 on Thursday after reporting a 12 percent YoY profit rise and declaring its first interim dividend. Uchumi traded at KSh 0.44, its highest since 2019. Safaricom led turnover with KSh 280 million of the KSh 638 million at midday. Foreign activity showed 64 million in buys and 226 million in sells. NASI slipped 0.15 percent.
EABL's Medium Term Note Raises KSh 16.76 Bn, Attracting 152% Oversubscription
EABL raised KSh 16.76 billion in its first medium term note tranche after recording 152 percent demand.
Co-op Bank Announces Maiden Interim Dividend as Q3 Profit Hits KSh 21.6Bn
Co-operative Bank has reported 21.56 Bn profit after tax in Q3, up 12.3%, as operating income reached 67.38 Bn and assets rose to 815.27 Bn.
Kenya Targets Electronic Manufacturers, Importers in Push to Curb Rising E-Waste
Kenya has proposed new rules that would make electronics manufacturers, importers, and retailers financially and operationally responsible for the disposal of devices
G4S Ordered to Compensate 68 Security Guards For Unfair Dismissal
The Employment and Labour Relations Court in Nairobi has ruled that G4S Kenya Limited unlawfully dismissed a number of its security guards in a protracted dispute