The Competition Authority of Kenya has approved the proposed acquisition of 100% shareholding in Rafiki Millers Limited by Kitui Flour Mills Limited, unconditionally. In a statement on Thursday January 25, CA said, nor elicit negative public interest concerns – the two key considerations during merger analysis. The company commands 13% of the wheat milling market and is the third largest firm behind Mombasa Maize Millers (22%) and Grain Industries Limited (15%). “Kitui Flour Mills Limited, the acquirer, is a limited liability company incorporated in Kenya. Its main activities are maize and wheat milling producing brands such as Premium Maize Flour,…
Author: NBM CORRESPONDENT
The crew is set to travel to orbit aboard the US-made Crew Dragon spacecraft By Tass News agency The Crew-8 mission, which includes Russian cosmonaut Alexander Grebenkin, is scheduled to launch on February 18 on SpaceX’s Crew Dragon spacecraft, a report by Rafail Murtazin, department head at the Rocket and Space Corporation Energia, stated as part of the XLVIII S.P. Korolev Academic Space Readings in memory of Soviet space pioneer Sergey Korolev. “[The launch of] Crew-8 is 18.2 (February 18 – TASS note),” Murtazin’s presentation slide reads. The crew is set to travel to orbit aboard the US-made Crew Dragon…
Smartphone penetration, along with low data tariffs and investments, is expected to turbocharge Africa’s telecoms sector over the next four years, with telecoms the continent’s fastest-growing sector ahead of healthcare and tourism.
Safaricom has confirmed that it is experiencing a recurring service intermittency affecting some PayBill payments.
The injured Mohamed Salah watched from the stands as Egypt played out to drama-filled 2-2 draw with Cape Verde at the Africa Cup of Nations on Monday, January 22. Cape Verde had already secured first place in Group B and were on course to make it three wins from as many games when Gilson Tavares Benchimol put them ahead just before half-time at Abidjan’s Felix Houphouet Boigny Stadium. But substitute Mahmoud Trezeguet equalised five minutes after the restart and Mostafa Mohamed lobbed in a brilliant stoppage-time goal for Egypt which was confirmed after a VAR check ruled out a handball.…
Russia and the Republic of Zimbabwe are successfully implementing public projects, Russian Ambassador to Zimbabwe Nikolay Krasilnikov told TASS in an exclusive interview.
45 per cent of Kenyans continue to set up side hustles while cutting back on non-essential expenses to cope with the high cost of living amongst other economic challenges, a new survey revealed on Monday, January 22. The survey dubbed “voice of the people poll” authored by research company, Infortrak shows that respondents also identified additional employment or income sources as a strategy to realise unmet needs. “Getting a side hustle and reducing non-essential expenditure are the main strategies adopted by Kenyans to cope with the economic hardships,” said the report. A huge chunk of those who used the side…
Kenya has embarked on plans to exit a government to government (G2G) fuel deal that it signed last year with Saudi Arabia and the UAE because the move has failed to ease pressure on the dollar. In a report by International Monetary Fund (IMF), the G2G deal was to run for 9 months, but the window has been extended for 12 more months to December 2024, a move that will offer the government a chance to negotiate favourable terms. “The government intends to exit the oil import arrangement, as we are cognizant of the distortions it has created in the…
The US Treasury has added 17 Liberian-flagged bulk carriers and oil tankers to the Russian blacklist for alleged violations related to Western-imposed price caps on Russian oil, the Treasury said in a statement.
Eight former senior Isiolo County officials, including three chief officers linked to the loss of Sh58.6 million fire engine procurement fraud arrested by the Ethics and Anti-Corruption Commission (EACC) on January 17, 2024, have denied 12 counts of graft. Appearing before Isiolo Chief Magistrate Lucy Mutai, the accused denied charges of failure to comply with procurement process, unlawful acquisition of public property, and abuse of office. The suspects who include Peter Ngechu Muhuha (former chief officer, finance), Adano Salad Kadubo (former chief officer, public works, housing and urban development), Abdi Nasir Ali (former head of treasury), Jibril Hassan (accountant), and…