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Vodafone Group is selling its $2.6 billion stake in Kenya’s Safaricom to its majority-owned Vodacom Group. The all-share deal will transfer a 35-percent stake in Safaricom to Vodacom in return for stock in the Johannesburg-based unit. This will raise the parent company’s stake in…Continue
On the AAI 2017, Kenya scored high in the long-term outlook in governance and human development (16 out of 20),…Continue
The Central Bank of Kenya (CBK) has shortlisted four possible suitors to take over a controlling stake in Chase Bank. The CBK plans to sell Chase Bank as part of a restructuring plan intended to speed up its recovery.
According to CBK, a total of 12 replies…Continue
The World Bank says that Kenya’s trade performance is fast declining because of an influx of goods from China into Uganda and Tanzania – both major export destinations for the country. Data shows that exports contracted by an estimated…Continue