Latest News Kenya
Stock exchange
18/06/2020 at 16h58, by Valentin Grille
Kenya: Centum (Chris Kirubi) faces legal uncertainty over share buybacks
Tycoon Chris Kirubi’s investment company is increasing its liquidity and selling off debts so that it...
Large-scale distribution
10/06/2020 at 18h51, by Valentin Grille
Tuskys struggles in Kenya’s fiercely competitive retail environment
The coronavirus epidemic is testing the cash flow of one of the three market leaders, which has fallen...
Electricity
29/05/2020 at 17h32, by Pierre-Olivier Rouaud
Engie maintains commitment to Kenya with Olkaria VI geothermal project ($490m)
In the midst of a restructure, the French group has just been shortlisted alongside Toyota Tsusho as...
Agribusiness
15/05/2020 at 17h18, by Valentin Grille
Finnfund, DEG, Proparco et al give Export Trading Group a cash boost
The global agricultural commodity trader is set to receive a total financing package of $102.2m, which...
Large-scale distribution
06/05/2020 at 16h46, by Valentin Grille
Following a store closure in Kenya, Shoprite plans to make cutbacks in Southern Africa
The Capetonian retail giant is struggling off-base as the Kenyan retail market moves towards consolidation.
Large-scale distribution
17/04/2020 at 15h50, by Africa Business+
Why Amethis is betting on Naivas supermarkets
A few months after the bankruptcy of one of the largest retailers on the market, a leading Kenyan supermarket...
Renewable energies
15/04/2020 at 17h05, by Aurelie Benoit
DFC, OPIC’s successor, renews its confidence in D.Light, a solar pioneer in Africa
The bank is offering a helping hand to strengthen the American photovoltaic solutions provider’s position...
Agri-food industry
31/03/2020 at 09h32, by Africa Business+
Chris Kirubi takes advantage of Centum’s weak price to raise capital
The Kenyan tycoon will increase his share in the group from 28.94% to 49.99% for 133 million dollars....
Bank
26/03/2020 at 17h39, by Africa Business+
Covid-19 threatens to slow bank merger activity in Kenya
Since the recent lifting of certain regulatory restrictions, the outlook for Kenya’s banking sector...
Agri-food industry
20/03/2020 at 17h15, by Africa Business+
“Awarding new operating licenses would be more appropriate than privatisation” (Kenya Sugar Millers Association).
Inefficiencies, losses, and payment defaults eventually forced Kenya to review its model of regional...
Renewable energies
13/03/2020 at 15h29, by Africa Business+
After Alphabet (Google), Vestas is “in negotiations” to sell its stake in the Turkana project
The Danish wind turbine manufacturer is also seeking to dispose of the project, the largest Kenyan PPP...
Renewable energies
04/03/2020 at 16h20, by Aurelie Benoit
Tembo Power to raise $100 million for its hydroelectric projects
The company is seeking to expand its near 200MW portfolio on the continent, with the support, among...
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