Equity Group Holdings Plc through Equity Bank (Kenya) Limited, announced that it had entered into an Assets and Liabilities purchase agreement with Spire Bank Limited for purchase of certain assets and liabilities.
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The US remains the largest source of remittances into Kenya, accounting for 59 per cent of money sent back home in the month under review.
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.
If the CMA approves Diageo Kenya’s shares purchase, the buyer will push its shareholding from 50.03 per cent to 65 per cent (514,003,331 shares).
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.
A prolonged drought has left almost 5.5 million people facing hunger, according to the United Nations, as agricultural output declines.