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  • Safaricom’s market value beats all other NSE firms combined

    Content Types: ArticleRegions & Countries: KenyaIndustries: Banking & Finance
    Safaricom’s dominance of the NSE has hit a new peak after the telecommunication firm’s market valuation exceeded 50 percent of the Sh2.22 trillion stock market.
  • New KCC invests US$4M in expanding its Dandora dairy plant processing capacity

    Content Types: ArticleRegions & Countries: KenyaIndustries: AgribusinessFood & Beverage
    KENYA – The New Kenya Cooperative Creameries (KCC), one of the leading dairy processors in Kenya, has unveiled its new refurbished processing plant in Dandora Nairobi as it seeks to expand its processing capacity.
  • Chinese firm to pick Kenya’s first nuclear power plant location

    Content Types: ArticleRegions & Countries: ChinaKenyaIndustries: Power/Utilities
    The Indian Ocean, Lake Victoria and Lake Turkana have been identified as top contenders for hosting the first nuclear power plant that Kenya plans to build in the next 8-10 years.
  • Kenya, Tanzania Leaders Plan to Explore Natural-Gas Trading

    Content Types: ArticleRegions & Countries: KenyaTanzaniaIndustries: Oil & Gas
    Kenyan President Uhuru Kenyatta and his Tanzanian counterpart, John Magufuli, agreed to explore trading in natural gas, which companies including Equinor ASA are looking to develop for export.
  • Stanbic Bank rolls out Sh20 billion women-only loans

    Content Types: ArticleRegions & Countries: KenyaIndustries: Banking & Finance
    Stanbic Bank #ticker:SCBK has launched a Sh20 billion kitty targeting women entrepreneurs, coming amid a tough credit access environment for Small and Medium Enterprises (SMEs).
  • Eurobond yield decline opens doors for debt

    Content Types: ArticleRegions & Countries: KenyaIndustries: Banking & Finance
    Investors in the international debt market have significantly lowered their risk rating of Kenyan bonds, opening room for the Treasury to borrow more aggressively at friendlier price.
  • Safaricom share down marginally as tributes pour in

    Content Types: ArticleRegions & Countries: KenyaIndustries: Banking & Finance
    Safaricom’s share at the Nairobi Securities Exchange (NSE) yon Thursday shrunk by more than two per cent as mourners commemorated the death of the firm’s captain, the late Bob Collymore.
  • Actis plans 13-floor Garden City towers

    Content Types: ArticleRegions & Countries: United KingdomIndia...Industries: Real Estate & Construction
    Indian Shapoorji Real Estate (SPRE) and UK equity investor Actis will spend Sh6.5 billion in a 624-unit middle-class housing development in Garden City Nairobi.
  • How Centum plans to spend Sh19.5bn from Coke stake sale

    Content Types: ArticleRegions & Countries: KenyaIndustries: Banking & Finance
    Centum Investment Company plans to spend Sh19.5 billion proceeds from the sale of its stakes in Almasi Beverages Limited and Nairobi Bottlers Limited to pay off debt and make new investments.
  • IFC lends tea agency Sh1bn for dry port

    Content Types: ArticleRegions & Countries: KenyaIndustries: Agribusiness
    The International Finance Corporation (IFC) is set to lend $10 million (Sh1 billion) to Kenya Tea Development Agency Holdings (KTDA) to help the agricultural firm upgrade its warehouses and related logistics infrastructure.
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