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Bamburi Cement is in line for an additional payout on top of the $84 million (Sh12.86 billion) consideration from its sale of a 70 percent stake in Uganda’s Hima Cement based on the financial performance of the subsidiary post the close of the transaction. ...
The United States has overtaken Uganda as the largest buyer of Kenyan goods, ending Kampala’s dominance as the top market for Kenya’s exports. Official data show that exports to the US jumped 47 percent to Sh38.8 billion in the first half of the year on the back of incre...