The 770-metre long jetty, with a capacity to load and offload all categories of petroleum products from large sea tankers of up to 200,000 DWT, is the largest in Africa.
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Business executives expect the economic conditions to improve across all industries compared to six months ago, rising from an average of 47 index points to 66 points for the economy and 69 index points for the respective sectors.
Multichoice also owns GOtv – a digital TV provider, and Showmax – an on-demand streaming service. Gotv competes with cheaper digital tv providers, while Showmax competes with the likes of Netflix.
Kenya’s banking industry enjoyed robust growth in terms of assets, liabilities, and liquidity conditions. According to the Kenya Bankers Association’s State of the Banking Industry (SBI) Report 2022, the sector’s overall profitability recovered, as the average return on assets and equity went up to 3.3% and 22.1%, respectively, from 2.0% and 13.3% in 2020. Part of the report reads: “The improved profitability reflected the economy’s recovery from the pandemic’s depressing effects.” During the period, the banking industry’s total assets grew by 11.4% to Ksh 6.0 trillion from Ksh 5.4 trillion in 2020, driven by growth in investments in government securities…
The bonds are currently trading in the secondary market at yields of 11.7%, 13.5% and 13.9% for FXD1/2022/03, FXD2/2019/10 and FXD1/2021/20, respectively.
After months of a successful public trial, President Uhuru Kenyatta officially launched Kenya’s iconic Nairobi Expressway. “Since we opened the road for public trials in April, it now takes between 15 and 24 minutes to drive from Mlolongo in Machakos County to Rironi in Kiambu County. Before the expressway, that journey would take at least three hours which is the equivalent of flying to Addis Ababa and back,” he said. https://twitter.com/StateHouseKenya/status/1553724175189172224?s=20&t=lOqdMzbLuw7GvFqxeoUEXw “This project has not been financed through debt or Government funds. As the first Private Partnership (PPP) road project in Kenya, Nairobi Expressway marks the Kenya Government’s pivot towards…