Treasury Cabinet Secretary John Mbadi has defended the government’s decision to sell part of its stake in Safaricom, dismissing criticism from opposition leaders as politically motivated and insisting the transaction was conducted legally and transparently. Speaking in Kisumu on Saturday, Mbadi said the partial sale was aimed at raising funds …
Read More »
Prime Cabinet Secretary and Cabinet Secretary for Foreign and Diaspora Affairs Musalia Mudavadi has embarked on a three-day official visit to Saudi Arabia, where he is expected to hold high-level talks aimed at strengthening diplomatic, economic and labour ties between the two countries. According to a statement from his office, …
Read More »
The Capital Markets Authority (CMA) has approved an exemption allowing Vodafone Kenya Limited (VKL) to proceed without making a mandatory takeover offer, clearing a key hurdle for a proposed Sh206 billion (US$1.6 billion) transaction involving Safaricom PLC. The approval enables Vodafone Kenya to acquire 6.01 billion ordinary shares in Safaricom …
Read More »
The Nairobi Securities Exchange (NSE) is Kenya’s primary stock market where investors buy and sell shares of publicly traded companies. It serves as a marketplace that connects companies seeking investment capital with individuals and institutions looking to invest their money. Established in 1954, the NSE has grown into one of …
Read More »
President William Ruto and Ukrainian President Volodymyr Zelensky have agreed to deepen bilateral cooperation in key sectors including technology, agriculture, investment, and education after talks held on the sidelines of the G7 Summit in Évian, France. The discussions highlighted the growing partnership between Nairobi and Kyiv as both nations seek …
Read More »
The Lower Eastern Times Opening The Third Eye