The Government of Kenya, through the National Treasury, has signed a Ksh 28.675 billion concessional loan agreement with the Export-Import Bank of China (China EximBank) to fund the Intelligent Transport System (ITS) Project, a major milestone in the modernization of the entire transport management system in the country. The agreement was formalized on November 26,
Kalahari Cement, a locally incorporated investment firm, has announced the sealing of a share purchase agreement (SPA) to acquire a further 27% equity stake in the East African Portland Cement Plc (EAPC), valued at Kshs 1.6 billion, from the National Social Security Fund (NSSF). In a public notice published today, Kalahari Cement confirmed that it
Safaricom has received approval from the Capital Markets Authority (CMA) to launch a Ksh40 billion Medium-Term Note Programme. In a statemenbt, the Company Secretary, Linda Mesa Wambani, stated that the CMA has granted Safaricom approval to establish a Medium-Term Note Programme, to be issued in various tranches. Wambani said the MTN Programme will enable Safaricom to
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