Author: Korir Issa

IK, a Masinde Muliro University grad, tackles social justice through journalism. He analyses news and writes on women's rights, politics, technology, law, and global affairs.

Nigeria’s biggest lender Access Bank Plc is set to acquire Centum Investment’s 83.4% stake in Kenyan lender Sidian Bank. “Centum Investment Company Plc (‘Centum’) announces today that it has entered into a binding agreement with Access Bank Plc (‘Access Bank’) regarding a proposed purchase by Access Bank of Centum’s entire equity stake in Sidian Bank Limited,” Centum’s CEO, James Mworia, said in a statement seen by Khusoko on Tuesday. “This transaction stands as one of the largest private equity transactions in East Africa and reflects a strong commitment by Access Bank to the future of the Kenyan economy,” James Mworia,…

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Kenya’s tea exports rose 10.4 per cent to Ksh 39.5 billion during the three months of 2021 after exporting 135,721 metric tons (MT) of tea.  The Tea Board of Kenya (TBK) says the increase from 307 million dollars earned from 152,633 MT in a similar quarter in 2021. The 2022 Economic Survey by the Kenya National Bureau of Statistics noted that Tea production declined by 5.6 per cent from 569.5 thousand tonnes in 2020 to 537.8 thousand tonnes in 2021, due to unfavourable weather conditions. “Quantities of exported tea declined from 576.1 thousand metric tonnes in 2020 to 557.3 thousand…

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