Nation Media Group (NMG) shares have rallied sharply at the Nairobi bourse following news that Tanzanian businessman Rostam Azizi plans to acquire a controlling stake in the regional media giant. The company’s stock has risen significantly over two trading sessions after the deal was made public earlier this week. Market data shows that the media
Africa Logistics Properties Holdings Limited (ALPH) has announced the participation of two key international investors in its landmark ALP Industrial Real Estate Investment Trust (ALP REIT). The announcement came during a dedicated bell-ringing ceremony to mark the official listing of the ALP REIT at the Nairobi Securities Exchange (NSE) this morning. The UK government committed
The Central Bank of Kenya (CBK) and the National Bank of Rwanda (NBR) have signed a Memorandum of Understanding (MoU) to improve the payment services between the countries by developing a new regulatory framework for payment service providers. The CBK and the National Bank of Rwanda announced their commitment to developing a Licence Passporting Framework
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