Diageo Plc plans to acquire an additional 118.4 million shares in EABL through Diageo Kenya Limited, raising its stake to 65 per cent from 50.03 per cent.
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Looking ahead, we expect future E&M growth to be seen in the development of the metaverse and the use of non-fungible tokens (NFTs).
The Logistics firm was founded in 2015 by Mesh Alloys, Evanson Biwott, Don Okoth and Malaika Judd.
Kenya is one of the 14 Game stores in East and West Africa – Nigeria, Ghana, Tanzania and Uganda- that had been put up for sale.
The Kenyan shilling depreciated against the US Dollar by 2.5% in Q3’2022 to close at Kshs 120.7. This is in comparison to Kshs 117.8 at the end of Q2’2022. The depreciation is due to increased dollar demand in the energy, oil and manufacturing sectors. “The volatility in global financial markets has surged amid significant US dollar strength against major currencies and rapid changes in policy stance in advanced economies in response to inflationary pressures,” the Central Bank of Kenya noted on Thursday.
The rate was 8.5 per cent in August, above the central bank’s target range of 2.5 per cent-7.5 per cent.