Business

Diageo to Net Ksh.296 Billion After EABL Sell to Japan’s Asahi Group

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…
NSE Halts EABL Shares Trading Following Acquisition News by Japan’s Asahi Group

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…
Kenya Airways Announces Interim CEO as Kilavuka Exits Ahead of Time

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,…
New Norm: Major Banks Revise Lending Rates as CBK Lowers Benchmark Rate

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…
ALP Industrial REIT Seeks Ksh.3.8 Billion From Local Investors as it Eyes NSE Listing

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)…
Showmax to Leverage Airtel Money’s 2.1 Million Clientele in its African Market Dominance Push

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…
Eritrea Quits  IGAD as Tensions Rise with Ethiopia

Eritrea Quits  IGAD as Tensions Rise with Ethiopia

Eritrea has withdrawn from the East African regional bloc IGAD, accusing the organisation of “becoming a tool against” countries like…
Kenyan Athman Mtwana Among Appointees as Shelter Afrique Makes Changes at Board Leadership

Kenyan Athman Mtwana Among Appointees as Shelter Afrique Makes Changes at Board Leadership

Shelter Afrique Development Bank (ShafDB} has announced the election of Mr. Lionel Zinsou as Chairman of the Board of Directors…
Tanzania’s Amsons Group Seals $600 Million Energy Deal in Zambia

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)…
Shake Up in Kenya’s Cement industry as NSSF Completes Sale of EAPCC Stake to Amsons Group

Shake Up in Kenya’s Cement industry as NSSF Completes Sale of EAPCC Stake to Amsons Group

The National Social Security Fund (NSSF) completed the sale of its 27 per cent stake in East African Portland Cement…
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