The shilling was exchanged at an average of 119.9059 compared to KSh 119.47 per US dollar on August 18.
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
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The Competition Authority of Kenya (CAK) has approved the sale of Crowne Plaza Nairobi Hotel by Golden Jubilee Limited to a pan-African hospitality fund, Falcon NBO. In addition, it approved the acquisition of Nairobi’s 680 hotel by Maanzoni Lodge entrepreneur Christopher Musau. For Crowne Plaza, the proposed transaction involves the acquisition of all issued shares in Golden Jubilee’s Crowne hotel by Falcon NBO. The hotel is situated in the heart of Nairobi, near Riadha House History Museum. The property features 206 modern rooms. Golden Jubilee Limited owns Crowne Plaza, where tycoon Akbarali owns 97.5 percent and Anish Akbarali 2.5 percent.…
The Group posted KSh24.4billion half-year net profit, a 36 per cent jump from KSh17.9 billion posted in the same period in 2021.