Category: Kenyan
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Kenyan investors locked out of Ethiopian telco IPO
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Investors from Kenya and other East African countries have been banned from participating in the ongoing initial public offering of state-owned Ethio Telecom in Ethiopia. This comes after a decision to restrict sales to Ethiopian citizens. Kenyans have been able to participate in other regional IPOs, including telecom companies in…
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Kenyan investors locked out of Ethiopian telco IPO
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Investors from Kenya and other East African countries have been banned from participating in the ongoing initial public offering of state-owned Ethio Telecom in Ethiopia. This comes after a decision to restrict sales to Ethiopian citizens. Kenyans have been able to participate in other regional IPOs, including telecom companies in…
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Dutch brewer wins tussle with Kenyan distributor
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The Court of Appeal has dismissed an appeal by Jovet (Kenya) Limited in a long-running legal dispute with a Dutch brewer, Bavaria NV, over a terminated distribution agreement. The decision upholds a previous ruling issued by the Supreme Court, which ruled that there was no valid contractual relationship between the…
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Jamaican, Kenyan celebrate life’s struggles and resilience
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Their love story brought them together with corrugated iron. To source new, old and rusty pieces of metal, Marina Purnell flew more than 12,000 kilometers from Jamaica to meet Adam Massaff in Nairobi, who uses corrugated iron as an artistic medium. Adam and Marina host a joint dubbed exhibition Ah,…
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Jamaican, Kenyan celebrate life’s struggles and resilience
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Their love story brought them together with corrugated iron. To source new, old and rusty pieces of metal, Marina Purnell flew more than 12,000 kilometers from Jamaica to meet Adam Massaff in Nairobi, who uses corrugated iron as an artistic medium. Adam and Marina host a joint dubbed exhibition Ah,…
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US rate cut brings cheer to Kenyan investors
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Kenya is expected to see lower bank borrowing costs, gains on the Nairobi Stock Exchange and a rise in the shilling against the dollar after the US Federal Reserve began expected interest rate cuts on Wednesday, sending dollars into emerging markets. The US central bank cut its benchmark interest rate…
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Why more Kenyan horticulture exporters are shifting to sea freight
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Kenyan horticultural exporters are increasingly having to transport their produce by sea rather than air, as consumers and retailers in the EU market increasingly seek products with lower carbon emissions. Stakeholders in Kenya’s horticulture sector now say the growing number of environmentally conscious consumers in Europe, coupled with competition from…
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Kenyan banks see forex losses from subsidiaries as shilling strengthens
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Kenyan banks recorded currency losses of about Ksh50 billion in the first half of the year when translating financial statements of regional subsidiaries into Kenyan shillings due to the appreciation of the shilling during the period. The shilling has appreciated by between 19 and 31 percent against the currencies of…
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Global report blames limited financing for Kenyan start-up woes
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Limited access to finance, as well as inadequate infrastructure, are among the key factors holding back Kenya’s startup ecosystem, a new survey has found. The latest Global Startup Ecosystem Index 2024 report published by industry think tank StartupBlink indicates that most startups in Kenya also cited lack of mentorship as…
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Kenyan online gambling market sees growth with integration of cryptocurrency
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The online gambling market in Kenya is undergoing a major transformation with the integration of cryptocurrencies. This trend opens up new opportunities for both players and operators. Understanding the dynamics behind this shift is crucial to staying ahead of the industry. The rise of cryptocurrency in the online gambling industry…
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The duo shock Kenyan businesswomen face
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Our beloved Kenya has witnessed a sudden shift in societal consciousness over the past week. In the midst of new anti-tax protests in Kenya, we as business academics must begin to analyze the potential impacts on businesses and the economy as a whole. In other countries, small business owners, especially…
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Kenyan investors to partly fund Sh472bn US backed toll road
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Local private investors will be given the opportunity to co-finance the $3.6 billion (Sh472.9 billion) highway from Mombasa to Nairobi after the Kenya National Highways Authority (Kenha) and US-based private equity firm Everstrong Capital LLC signed a deal to establish the start-up. In construction of toll road. The construction of…
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Missing Kenyan Climber Cheruiyot Kirui found dead on Mount Everest
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A daring mission by a Kenyan hiker to climb Mount Everest, the world’s tallest mountain, has ended in death. Mr Cheruiyot Kirui, an accomplished climber who has summited Mount Kenya more than 10 times, disappeared above 8,000m on Mount Everest on Wednesday. He was found dead in Mount Everest’s “death…