Latest News Kenya
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...
Mines
13/02/2020 at 16h48, by Valentin Grille
Shanta Gold invests in Kenya, acquiring Acacia Exploration from Barrick
The junior oil and gas company based in Tanzania acquired a mine discovered by the Canadian mining company,...
Oil & Gas
06/02/2020 at 22h06, by Africa Business+
Experiencing hard times, Tullow initiated the sale of the South Lokichar oil fields in Kenya with Total
Having suffered a blow on the stock market, the British oil company Tullow wants to sell a significant...
Large-scale distribution
24/01/2020 at 16h27, by Africa Business+
How private equity could have saved Kenya’s Nakumatt from bankruptcy
By rejecting the opening of its capital to institutional investors, who could have provided financing...
Electricity
19/12/2019 at 14h55, by Gaëlle Arenson
With Canada’s JCM Power, STOA Infra & Energy (CDC/AFD)’s commitments reach $234m
Two months after investing in GSEZ Ports, the vehicle which is 83.3% controlled by France’s Caisse de...
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