Rwanda in talks over stake in Dangote’s Lamu oil refinery

Rwanda explores a stake in Dangote’s proposed Lamu refinery. Kenya has reportedly been offered a 10% equity stake. The project could become East Africa’s biggest energy investments. Rwanda has entered preliminary discussions over a potential stake in the proposed Dangote oil refinery in Lamu, as East African countries weigh participation in the multibillion-shilling project. Rwandan…

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Cooperatives and MSME Development Cabinet Secretary (CS) Wycliffe Oparanya (standing) talking during the launch of the National Organising Committee to coordinate Kenya’s participation in the forthcoming EAC MSME Trade Fair.-photo courtesy

Kenya picks 500 MSMEs, 100 NYOTA youth for Kigali fair

Kenya selects 500 MSMEs to showcase products at the upcoming Kigali trade fair NYOTA youth beneficiaries to get a chance to access regional markets and business networks Government considers doubling the size of Kenya’s delegation as preparations gather pace Kenya has selected 500 Micro, Small and Medium Enterprises (MSMEs), including at least 100 beneficiaries of…

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Mombasa port/photo courtesy

Rwanda to increase cargo movement through Mombasa port

Rwanda has announced plans to increase cargo movement through Mombasa port, citing improved efficiency, reliability, and regional connectivity. Currently, over 70 per cent of Rwanda’s imports are handled via Tanzania’s Dar es Salaam Port. Rwanda’s High Commissioner to Kenya Ernest Rwanucyo made the announcement during a strategic meeting with KPA officials in Mombasa last week….

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East Africa Business Council (EABC) organizes meeting with key players in new bid to boost trade

In a new bid to boost trade in East Africa, the East African Business Council (EABC) has organized a consultative meeting on the development of the regional services policy advocacy agenda. According to EABC board member Mr. Emmanuel Butare, the platform is key in providing a space for service sector actors to shape a game-changing…

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Car & General set to build KSh800 million mall in Shanzu

Car and General, a Nairobi Securities Exchange-listed firm is deepening its foray into the property business with a KSh800 million mall project in Shanzu, Mombasa County. The firm intends to build the mall on four acres, with the construction set to begin next year to be completed by 2026. “We are looking to commence a…

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Equity Bank's Chief Executive Officer James Mwangi addresses investors at the Equity Bank headquarters recently. Photo/Courtesy
quity Bank's Chief Executive Officer James Mwangi addresses investors at the Equity Bank headquarters recently. Photo/Courtesy

Equity Group posts 13 per cent slide in 2023 pretax profit

Kenyan lender Equity Group reported a 13 per cent fall in 2023 pretax profit to KSh51.9 billion, weighed down by a surge in provisions for bad debts, the firm announced on Wednesday March 27. Equity is East African country’s top lender by earnings. READ ALSO: Capital Sacco launches promotion to reward members purchasing shares The firm…

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