Markets
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Diageo to Net Ksh.296 Billion After EABL Sell to Japan’s Asahi Group
Diageo is set to net approximately Ksh.296 billion (about $2.3 billion) after agreeing to sell its controlling stake in East…
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NSE Halts EABL Shares Trading Following Acquisition News by Japan’s Asahi Group
The Nairobi Securities Exchange (NSE) temporarily halted trading in East African Breweries Plc (EABL) shares after the company released a…
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Kenya Airways Announces Interim CEO as Kilavuka Exits Ahead of Time
Kenya Airways (KQ) has entered a new leadership transition phase as its long-serving Group Managing Director and Chief Executive Officer,…
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New Norm: Major Banks Revise Lending Rates as CBK Lowers Benchmark Rate
DTB, Equity Bank and KCB have issued notices confirming new loan structures for both new and existing variable-rate loans. The…
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ALP Industrial REIT Seeks Ksh.3.8 Billion From Local Investors as it Eyes NSE Listing
ALP Industrial Real Estate Investment Trust has opened a restricted offer to raise up to $30 million (about Sh3.88 billion)…
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Showmax to Leverage Airtel Money’s 2.1 Million Clientele in its African Market Dominance Push
Airtel Money has partnered with Showmax to make it easier for customers to pay for their subscriptions directly from their…
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Tanzania’s Amsons Group Seals $600 Million Energy Deal in Zambia
Tanzania’s industrial conglomerate Amsons Group has signed a US$600 million renewable energy agreement in Zambia to develop a 1-gigawatt (GW)…
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Family Bank’s Private Share Placement 131% Oversubscribed at Ksh.8 Billion
Family Bank has raised just over Ksh.8 billion through a private share placement launched in November 2024, significantly exceeding its…
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MPs Open Public Submissions on Plan to Sell 15% Stake in Safaricom
The Kenyan government has formally opened a public participation process on its plan to divest from Safaricom PLC partially, inviting…
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Africa’s Bond Costs Fall But Premium Gap Persists
Africa has made a rapid return to global debt markets this year, raising roughly $18 billion through international bond issuances,…
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