Uganda rose two places to fourth, while Namibia and Kenya improve their ranking within the top 10. Scores for these three countries primarily rose due to progress in adopting ESG policies and frameworks.
Author: David Indeje
A prolonged drought has left almost 5.5 million people facing hunger, according to the United Nations, as agricultural output declines.
Expectations at Kenyan firms for the next 12 months remained one of the worst on record, with just 12% of panellists predicting output to expand.
Safaricom Ethiopia is building a wholly-owned mobile network and has infrastructure sharing and interconnection agreements with Ethio Telecom.
Britannia Industries has acquired a 51% stake in Kenya’s Kenafric Biscuits (KBL) while fully taking over Catalyst Britania Brands.
The Treasury now controls Telkom Kenya after acquiring a 60 per cent stake in Telkom Kenya from British investment firm Helios Investment Partners for Sh6.09 billion. The Kenyan government, which previously owned a 40 per cent stake in Telkom, now owns the company wholly. The exit comes six years after Jamhuri acquired majority ownership in the integrated telecommunications solutions provider from France Telecom in June 2016 through its local subsidiary Orange. Jamhuri Holdings Limited notified the government of its intention to exit Telkom in August 2021. The collapse of the proposed merger between Telkom and Airtel Kenya following disapproval of the transaction…

