Latest posts
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KCB Bank secures $150 million from AfDB to boost green finance and trade
KCB Bank Kenya (KCB) has signed a $150 million financing package with the African Development Bank Group (AfDB) to accelerate green finance
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KETRACO closes $311m privately financed power transmission deal

Kenya’s state-owned transmission utility KETRACO has secured $311m in private capital through a public-private partnership
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Asahi Group takes control of EABL after acquiring Diageo’s 54% stake for $2.3bn
Japanese brewing giant Asahi Group has acquired Diageo’s 54% stake in East African Breweries Limited (EABL), in UDV (Kenya) for $2.3 billion
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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)
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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
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Safaricom gets $138 Million from Standard Bank for Ethiopia expansion
Standard Bank (Trading as Stanbic in Kenya), has provided $138 million in debt financing for Safaricom Telecommunications Ethiopia
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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
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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 years
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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
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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, building on the more than $70 million