The Central Bank of Kenya (CBK) has rolled out a public awareness campaign encouraging Kenyans to leverage their government securities to access credit from commercial banks. In a statement shared through its DhowCSD platform, the regulator noted that many investors remain unaware that Treasury Bills and Treasury Bonds can serve as collateral, offering an alternative
Nigerian billionaire Alhaji Aliko Dangote has published full-page advertisements in all the Nigerian newspapers accusing Eng. Farouk Ahmed, the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMPDPRA), of corruption and business sabotage. Dangote, Africa’s richest man, has decried and complained of what he describes as systematic sabotage of the business
Kenya’s leading cement and concrete products manufacturer, Bamburi Cement, has signed a US$250 million (Kshs 32 billion) Engineering, Procurement, and Construction (EPC) contract with Sinoma CBMI Construction Co., Ltd for the construction of a turnkey clinkerisation factory in Matuga, Kwale County. The construction of the state-of-the-art 1.6 million tonnes-a-year new clinkerisation plant, incorporating advanced, carbon-neutral
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