In a resounding endorsement of Kenya’s evolving capital markets, East African Breweries PLC (EABL) has successfully raised KSh 16.7 billion through an oversubscribed corporate bond. The issue, which targeted KSh 11 billion, attracted a massive KSh 17.1 billion in bids,…
Safaricom Plc, East Africa’s largest telecommunications provider under the leadership of Dr. Peter Ndegwa as CEO, is undergoing a massive ownership restructuring following a multi-billion-dollar agreement that will see Vodafone Kenya Limited significantly increase its stake. The deal, valued at…
Safaricom Plc has released its financial results for the full fiscal year of 2024, reporting robust earnings propelled largely by its M-Pesa mobile money platform. In its Kenyan operations, Safaricom witnessed a remarkable 11.7% growth in service revenue, totaling Ksh…
MTN Uganda’s new Chief Executive Officer, Ms. Sylvia Mulinge has assumed office following the exit of former CEO, Wim Vanhelleputte, who was promoted to a regional executive role responsible for MTN Group’s West African markets. Ms. Mulinge whose tenure in…