Carlyle Group And TPG Capital Make $100 Million Bid For Kenyan Restaurant Chain
Two of America’s largest private equity firms, Carlyle Group and TPG Capital, are looking to acquire Kenyan coffee chain Java House is a deal that could be worth as much as $100 million. According to a report by Kenyan newspaper... Read More →
Kenyan Tycoon Wins Sh37.5bn Tender to Build Gas Plant in Mozambique
Kenyan tycoon Humphrey Kariuki has won a Sh37.5 billion tender to build a gas power plant in Mozambique. Mr Kariuki’s firm GL Africa Energy, which is based in the UK, will build and operate the 250-megawatt gas-powered plant in northeastern... Read More →
Kenyan Stocks, World’s Worst This Year, Set to Fall Further
Kenyan stock prices at more than three-year lows may have further to fall with domestic investors favoring bonds and foreign buyers waiting for lower valuations, the head of the bourse said. Shares on the Nairobi Securities Exchange have dropped 6.9... Read More →
International Monetary Fund trims Kenya’s growth outlook for 2016 to 6%
The International Monetary Fund has revised downwards Kenya’s economic growth forecast for this year to 6 per cent from 6.8 per cent. The revision, which is from November’s projection of 6.8 per cent, becomes the second time in less than... Read More →