- Equity Group half-year profits jump 32% to Sh45.5bn
- Absa Group falls short in bid to raise Absa Kenya stake
- Tata Chemicals Magadi seeks resumption of operations
- Standard Group secure exclusive EPL rights
- Quickmart targets Nairobi metropolitan area growth with two new outlets
- Liberty Kenya half-year profits fall 46% to Sh231m
Revital Healthcare seeks Sh1.3bn IFC loan for Dongo Kundu expansion
Kenyan medical-device manufacturer Revital Healthcare (EPZ) Ltd is seeking up to $10 million (about Sh1.3 billion) from the International Finance Corporation (IFC) to finance a new medical kitting and healthcare logistics facility at Dongo Kundu in Mombasa.
M-Kopa spends Sh1bn to buy device-locking company
M-Kopa Holdings Limited, which provides asset financing solutions across Kenya, Uganda, Ghana, Nigeria and South Africa, has acquired KilpiTek Oy for Sh1 billion ($8 million) to bring device-locking capability in-house.
ABAK calls for government action over alcohol market controls
The Alcoholic Beverages Association of Kenya (ABAK) has called for urgent government action to tighten controls in the alcohol market, citing growing concerns over product traceability, authenticity and the rising volume of beverages entering the country through parallel import channels
SBM Bank, Safer Power ink Sh2.2bn green energy manufacturing financing deal
SBM Bank Kenya and Safer Power Group have entered into a partnership that will see the bank extend Sh2.2 billion ($17 million) financing to support green energy manufacturing workshop and construction of a factory.
Co-op Bank wins water finance award after Sh4.39bn lending
Co-operative Bank of Kenya has been recognized at the Africa WaterCredits Forum for lending Sh4.39 billion to water and sanitation projects, above its Sh3 billion target.
Revital Healthcare seeks Sh1.3bn IFC loan for Dongo Kundu expansion
Kenyan medical-device manufacturer Revital Healthcare (EPZ) Ltd is seeking up to $10 million (about Sh1.3 billion) from the International Finance Corporation (IFC) to finance a new medical kitting and healthcare logistics facility at Dongo Kundu in Mombasa.
ABAK calls for government action over alcohol market controls
The Alcoholic Beverages Association of Kenya (ABAK) has called for urgent government action to tighten controls in the alcohol market, citing growing concerns over product traceability, authenticity and the rising volume of beverages entering the country through parallel import channels
SBM Bank, Safer Power ink Sh2.2bn green energy manufacturing financing deal
SBM Bank Kenya and Safer Power Group have entered into a partnership that will see the bank extend Sh2.2 billion ($17 million) financing to support green energy manufacturing workshop and construction of a factory.
Kenya private sector activity rises as sales rebound in July
Kenya's private sector returned to growth in July, with the Stanbic Bank PMI rising to 51.3 as stronger customer demand and hiring offset persistent inflation, high input costs and supply chain disruptions that continued to constrain output.
Inflation falls to 4.3% in February
Annual fall in February driven by lower energy and transport prices.
Hemas Holdings completes acquisition of 75% stake in Twiga Stationers for Sh2.86bn
Sri Lanka's Hemas Holdings has completed the acquisition of a 75 percent stake in Twiga Stationers, the Kenyan manufacturer of the Kasuku and Crownbird stationery brands, in a deal valued at Sh2.86 billion ($22 million).
Absa Group to raise Kenyan unit stake to 72% after tender offer
Absa Group Limited has fallen well short of the target it set for a tender offer to minority shareholders of Absa Bank Kenya PLC, picking up only about 21 per cent of the shares it had offered to buy, lifting its stake in the Kenyan unit up to roughly 72 per cent.
