Business
AA Kenya Announces Restricted Capital Raising in Ongoing Restructuring
October 5, 2023
AA Kenya Announces Restricted Capital Raising in Ongoing Restructuring
AA Kenya PLC (AA Kenya) has announced a Restricted Public Offer (RPO) seeking to raise capital from its shareholders dedicated…
Sub-Saharan Africa workforce to increase to 750 million; what does it mean?
October 4, 2023
Sub-Saharan Africa workforce to increase to 750 million; what does it mean?
According to the World Bank Group, the working population in Sub-Saharan Africa is set to increase to 750 million people.…
Kenya Power to clear electricity connection backlog in 90 days
October 4, 2023
Kenya Power to clear electricity connection backlog in 90 days
Kenya Power is implementing a Rapid Results Initiative (RRI) to fast-track meter installation for new connections across the country. Speaking…
What Barclays, Stanchart banks anticipate ahead of the COP28 Climate Summit
October 4, 2023
What Barclays, Stanchart banks anticipate ahead of the COP28 Climate Summit
The world’s top bankers and investors mostly stayed away from last year’s United Nations climate conference in the Egyptian resort…
Kenya’s Stock Market Ranked World’s Worst Performer
October 2, 2023
Kenya’s Stock Market Ranked World’s Worst Performer
Kenyan stocks took a hit in a fourth consecutive decline to September, the longest decline since 2017. Large-cap stocks like…
Investors avoid Sept Tap Sale to raise only Ksh.3.4bn of Ksh.15bn offered
September 29, 2023
Investors avoid Sept Tap Sale to raise only Ksh.3.4bn of Ksh.15bn offered
Investors heavily avoided the September Treasury Bond Tap Sale pointing to a lack of trust in the government to repay…
East Africa Growth Outlook the Best in Region with $450bn combined GDP
September 29, 2023
East Africa Growth Outlook the Best in Region with $450bn combined GDP
East Africa has a combined real GDP of about USD 450 billion, roughly 14.8% of Africa’s real GDP (Trading Economics…
Expect higher fuel prices as crude price edges $100 mark
September 28, 2023
Expect higher fuel prices as crude price edges $100 mark
Crude Oil prices edged closer to the $100 per barrel mark Thursday driven by stark cutbacks imposed by Saudi Arabia…
Kenya sets aside Ksh.8bn to ready 8 counties for El Nino
September 28, 2023
Kenya sets aside Ksh.8bn to ready 8 counties for El Nino
Kenya’s Deputy President Rigathi Gachagua convened Thursday an El Nino response and impact mitigation strategic meeting that brought together leadership…
AA Kenya Rolls out New Membership plan Targeting partnership with Insurance Companies
September 28, 2023
AA Kenya Rolls out New Membership plan Targeting partnership with Insurance Companies
AA Kenya has deepened its partnership with Insurance service providers to offer members an enhanced array of Membership propositions. With…