Local billionaire Baloobhai Patel bought millions of Bamburi Cement shares just a few months to the proposed buyout by Tanzanian firm Amsons Group. Mr. Patel acquired the Bamburi shares through his holding company which is known as Aksaya Investment...
The amount of road maintenance levy that motorists are paying has been increased to Sh. 25 per litre of fuel from the previous Sh. 18 per litre of fuel, an equivalent of 39 per cent hike.
To minimize the impact,...
CFAO Motors Kenya is set to acquire Kenya Vehicle Manufacturers (KVM) in a Sh. 1 billion deal. The deal will see the Toyota dealer own a controlling stake of up to 98 per cent in the Thika vehicle assembler.
Currently,...
If you have a child with spina bifida who is about to join school, a child who is already in school, there are certain things about their condition and the challenges they are exposed to that you should know.
These...
Former US President Donald Trump on Saturday survived a gun attack at a Pennsylvania rally. The former president was addressing the rally when gun shots blast through the air. He ducked to the ground and images showed blood on...
Social media has sparked a revolution that has impacted how people socialize, interact, and communicate. In today’s world, social media is the fulcrum of modern living. This allure of technology and internet-based socialization is rising at unprecedent levels.
For...
Bamburi Cement shares on Thursday experienced a meteoric rise at the Nairobi Securities Exchange. This came after news spread on a multi-billion takeover offer from Tanzanian conglomerate Amsons Group.
A day after the takeover announcement, the Bamburi Cement shares shot...
When President William Ruto named his infamous cabinet in 2022, one thing stuck out like a sore thumb. The cabinet secretaries were filthy rich.
In fact, in comparison to a first world nation like the United States, the Ruto CSes...
Tanzania's Amsons Group has made a multi-billion offer to acquire Kenyan cement maker Bamburi Cement. The Tanzanian conglomerate has made an offer of $180 million (Sh. 23.2 billion).
This takeover valuation has been arrived at from Amsons Group offer of...
The Central Bank of Kenya (CBK) has become talk of the town following a tender for the supply of assorted wines and spirits amidst wide calls by the public for austerity in the government.
The tender appeared on the official...
