KETRACO closes $311m privately financed power transmission deal
KETRACO, Kenya’s state-owned transmission utility, has secured $311m in private capital through a public-private partnership with Africa50 and India’s Power…
Category: Business
Asahi Group takes control of EABL after acquiring Diageo’s 54% stake for $2.3bn
Japanese brewing giant Asahi Group Holdings has acquired Diageo PLC’s 54% stake in East African Breweries Limited (EABL), including its…
Bamburi Cement signs KSh 32 bln deal to build clinker plant in Kenya
Bamburi Cement has signed a $250 million (about KSh 32 billion) engineering, procurement and construction (EPC) contract with China’s Sinoma…
Safaricom’s green bond draws retail rush as firm takes KES20 bln from oversubscribed offer
Safaricom PLC on Tuesday listed its green bond on the Nairobi Securities Exchange, with individual investors dominating demand after the…
Safaricom gets $138 Million from Standard Bank for Ethiopia expansion
Standard Bank (Trading as Stanbic in Kenya), has provided $138 million (approximately KES 17.94 billion) in debt financing for Safaricom…
Vodafone buys Kenyan government’s 15% Safaricom stake for KSh 244.5 bln
Vodafone Group has acquired the Kenyan government’s 15% stake in Safaricom for KSh 244.5 billion, lifting its total shareholding in…
Safaricom launches Daraja 3.0, upgraded M-PESA API platform for fintech services
Safaricom PLC has unveiled Daraja 3.0, an upgraded M-PESA API platform, marking a leap into Fintech 2.0 and commemorating 25…
Safaricom Kicks Off KSh15 Billion Tax-Exempt Green Bond
Safaricom has launched the first KSh15 billion tranche of its KSh40 billion Domestic Medium-Term Note Programme, with an option to…
Orbit and Extra maker, Mars Wrigley unveils a $70m plant to serve Kenya & Middle East
Mars Wrigley Kenya has unveiled a sugar-free gum production line at its Athi River facility, an investment that builds on…
Bolt, Mookh Partner to Offer Safer Transport for Event-Goers in Kenya’s Festive Season
Ride-hailing firm Bolt has partnered with Kenyan ticketing platform Mookh to provide priority transport access and discounted rides for event…