Quickmart IPO Faces Parliamentary Scrutiny Ahead of NSE Trading Debut
The parliamentary intervention raises questions about investor education, corporate disclosures and the responsibilities of market regulators as more Kenyan businesses…
Ghana Makes First Hydrocarbon Discovery in New Offshore Reservoir
Ghana has recorded its first hydrocarbon discovery in a carbonate reservoir, opening a new frontier for offshore oil and gas…
US Turns to DR Congo for Tin Supply in $65 Million Push to Revive Domestic Smelting
For African mineral producers, the development highlights an opportunity beyond extracting and exporting raw materials. As major economies compete to…
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$2 Billion Onshore Drilling Rig Arrives in Mombasa for Turkana Oil Project
A 2,152-tonne onshore drilling rig worth about $2 billion (Ksh.259 billion) has arrived at the Port of Mombasa. The equipment,…
Quickmart’s Owners Offer Half Supermarket Chain to Public at $232 Million Valuation
The owners of Quickmart, Kenya's second-largest supermarket chain, are selling half the company to the public for Ksh.15 billion ($116…
Nairobi Bets Dangote Can Connect Africa’s Walled-Off Stock Markets
Kenya's regulator has cleared a route for local investors into Africa's largest share sale, and the Nairobi Securities Exchange wants…
What We Know So Far About Ethiopia Acquiring 10 Boeing Planes in a $5 Billion Deal
Ethiopian Airlines is expanding its cargo business with a new order for 10 Boeing freighter aircraft, in a deal that…
IFC Targets New Financing Platforms to Unlock Private Capital in Nigeria
The International Finance Corporation (IFC) is developing new financing platforms and risk-mitigation mechanisms aimed at unlocking more private capital for…
Kenya Eyes National Credit Score as MSME Financing Gap Hits Ksh.2.6 Trillion
Kenya is moving towards developing a National Credit Score as the government and financial sector seek new ways to bring…