Afreximbank backs buyout of Oryx Energies
Afreximbank has disbursed a Sh126 billion ($975 million) financing facility to part-fund the management buyout of Oryx Energies SA, the holding company of Addax Energy SA.
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Afreximbank has disbursed a Sh126 billion ($975 million) financing facility to part-fund the management buyout of Oryx Energies SA, the holding company of Addax Energy SA.
A new generation is embracing eye-catching patching and visible mends.
Poundland's bosses are filing a notice of intention to appoint administrators to the business.
The painting became the highlight of the event.
He built the business by pushing on, never taking his foot off the pedal, cramming into each day as many hours as it would hold.
The Federal Reserve's interest rate decisions affect everything from mortgages to car loans
Fans queued for hours ahead of the opening of a new Lego Store in Norwich.
Olkaria 1 power generation will rise to 60.5MW from 45MW.
Chancellor John Healey's plans fall short of radical action to create a promised new economic model.
With the addition of the Nandi plant, factories under the Rai family umbrella would have a capacity of more than 18,000 TCD.
Smartphones and televisions remain popular as online shopping expands to household and everyday goods; Jumia says 82pc of its audience is aged 18-44.
President Ruto has urged Russia to invest in African manufacturing, technology and skills, saying the continent must move beyond raw material exports to create jobs and boost industrial…
Konza Technopolis targets 10,000 jobs as textile production begins at its Export Processing Zone. The technology city is seeking manufacturers in electronics, solar products and other…
Kenya’s annual inflation rate increased to 6.8% in September 2026, up from 6.6% in August, highlighting continued pressure on household budgets and the cost of living. The increase reflects…
Properties where someone has died in tragic circumstances can have big reductions in price.
The average market price stood at Sh38,236 per 50 kg bag, with the highest price reaching Sh51,726 and the lowest standing at Sh5,197 per 50 kg bag.
Kenya’s equity market has recorded a strong rally in 2026, raising questions about whether rising share prices reflect improving corporate fundamentals or increasing investor appetite for…
South Africa has expanded fund managers’ investment flexibility by allowing qualifying portfolios to allocate up to 100% of their assets to foreign investments, subject to their mandates…
Nearly nine in 10 Kenyans are cutting essential spending to afford housing, as Habitat for Humanity Kenya partners with communities to build decent homes for vulnerable families.
Kenyan Saccos' mortgage disbursements fell by 26.75 per cent to Sh7.47 billion in 2025, despite land and housing remaining their largest lending sector.
East African Community states are seeking stronger regional cooperation to tackle pollution, improve maritime safety and protect livelihoods around Lake Victoria.
Africa Logistics Properties has declared its first Sh120.9 million REIT dividend while launching its new West Kivu warehouse development in Kiambu.
Africa's digital agriculture sector faces a funding crunch as industry leaders call for private investment and sustainable business models to maintain technology-driven services.
The High Court has suspended Kenya's 0.8 per cent tea levy on imports and exports, halting a tax that the Tea Board of Kenya expected to raise Sh1.2 billion annually.
Kenya and Tanzania are working to reduce trade barriers and ease the movement of goods while maintaining radiation safety standards.
Kenya accounted for 51.3 percent of Africa’s recorded ClimateTech funding between 2019 and 2025.
The group’s growth has required stronger systems, clear decision-making authority and professional teams capable of running businesses without constant intervention from the family.
Safaricom raised its dividend by 66.7 percent to Sh2 per share for the year ended March 31, 2026 after posting a 67.3 percent rise in net profit.
His strategy remains rooted in the lesson that shaped his first gym: build the community first.