Bamburi sells Sh12bn stake in Uganda Read:Bamburi Cement profit plunges 87pc to Sh181 million “On November 23, 2023, the Independent Expert concluded its independent valuation and its report confirmed that the EV for 100 percent of the shareholding in Hima ranges from $74 million to $105 ...
“It was a sad day because Uganda was a fantastic market with huge opportunity, growing rapidly and there was no reason why Copia Global couldn’t be successful, and build profitable business serving the Uganda people but the capital market in 2022 was not going to s...
But while the deal helped to prop up the shilling by taking away an estimated monthly demand of $500 million to pay for fuel, it led to a fallout with Uganda. Uganda accused Kenya of a lack of consultations while inking the deal with the Gulf majors in addition to middlemen in the...
At the time, I think there were only three in East Africa: one in Kenya, ours was the first Lamborghini in Uganda, and the other was in Congo. We picked lessons from the Kardashians, who were socialites; they were the first to bring up the socialite tag. So, we started l...
Kenyans are also exporting carpets. In value terms, research shows the largest markets for carpet exported from Kenya are Israel, South Sudan, and the US, with a combined 67 percent share of total exports. Somalia, Rwanda, Ghana, Uganda, India, and Tanzania are the other export markets. ...
In the region, Kenya was quick to abandon its Turkana oil project when oil prices collapsed, while the neighbouring Uganda struggled on with its oil projects and is now blessed with high oil prices and revived global oil demands. Activists cannot justifiably challenge Uganda on the c...
The feasibility of the Nairobi Malaba line was dependent on Uganda buying in and allowing the Chinese contractor to extend the line to Kampala on its side. Besides the Sh477 billion, the government has pumped in more money to build the ICDs both in Nairobi and Naivasha, bringing the cost...
According to the researchers, the findings highlight the urgent need for improved safety of surgical deliveries in African countries like Kenya. “Improvement of C-section surgical outcomes could substantially improve both maternal and neonatal mortality, which would lead to key global health gains...
The visit by President Kenyatta to Kisumu will also put the searchlight on one key infrastructure project that has taken too long to complete, namely the Lessos to Kibos power transmission line. Despite the fact that we have enough power in Olkaria, we are still importing power from ...
The move saw the government confiscate thousands of litres of milk from Uganda and temporarily stopped imports of the commodity in order to save farmers from low prices. “A farmer selling his milk at Sh18 is a complete loss given that production of the same quantity goes up to Sh28,” sa...