Entrance gate at Mumias sugar company. PHOTO | ISAAC WALE | NMG The 20-year lease, however, excludes assets in the firm’s ethanol and cogen plants, which recently were seized by Pan-African lender Ecobank and French development financier Proparco from KCB Group. Mumias, which used to be Kenya’s leading producer at more than 250,000 tonnes a […]
Entrance gate at Mumias sugar company. PHOTO | ISAAC WALE | NMG The Mumias deal effectively puts the multibillion-shilling Kenya and Uganda sugar business in the Rai family. For Sarbi, the Mumias Sugar deal sets the stage for market share war with Jaswant, whose family controls half of the commodity’s sales in Kenya. The cross-border […]
Elephants walk in front of a tour van at the Masai Mara National Reserve on August 14, 2018. PHOTO | FILE This marks the seventh time in a row that the country has been recognised as the premier wildlife tourism stop at the prestigious annual global awards. National carrier Kenya Airways was recognised as Africa’s […]
Kenya Airways planes at the JKIA in Nairobi. FILE PHOTO | NMG Dubai has extended the ban for all inbound and transit passenger flights from Kenya till December 24 amid a surge in Covid-19 cases in the country. The Dubai Civil Aviation Authority (DCAA) had announced a 48-hour suspension on all flights from Kenya to […]
Entrance gate at Mumias sugar company. PHOTO | ISAAC WALE | NMG The 20-year lease, however, excludes assets in the firm’s ethanol and cogen plants, which recently were seized by Pan-African lender Ecobank and French development financier Proparco from KCB Group. Mumias, which used to be Kenya’s leading producer at more than 250,000 tonnes a […]
The flags of EAC member states including Rwanda, Kenya, Burundi, Tanzania and Uganda. FILE PHOTO | NMG After the virtual 18th Extra-Ordinary Summit on Wednesday, Heads of State said they had authorised ministers to conduct another round of talks with DRC on how it can be admitted into the bloc. The entry of DRC was […]
Elephants walk in front of a tour van at the Masai Mara National Reserve on August 14, 2018. PHOTO | FILE This marks the seventh time in a row that the country has been recognised as the premier wildlife tourism stop at the prestigious annual global awards. National carrier Kenya Airways was recognised as Africa’s […]
A subscriber holds a Telkom SIM card. FILE PHOTO | NMG Telkom Kenya has inked a deal with Britam Holdings to launch a mobile-based insurance product targeting small-scale traders in the country. The cover, dubbed Life Bila Noma, will see customers benefit from telecom and insurance bundles that include data, voice minutes, SMS, personal accident […]
A promotional poster of Switch TV’s new presenter lineup. Switch TV is making a radical change in its business model that will see it transition from on-air to digital broadcast. The media house stated that it will be ceasing on-air broadcast operations. In a statement dated Friday, December 10, the media group Chairman, Sahil Shah, […]
Equity Bank branch in Kibera, Nairobi, on May 24, 2020. Equity, which holds over $8.92 billion in assets, has mobilised close to $4.46 billion to fund businesses in countries where it has a presence such as DRC, Uganda, Tanzania, Rwanda, South Sudan and Kenya. FILE PHOTO | DENNIS ONSONGO | NMG The lender, which is […]
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