Companies | The East African Business Mirror
Thursday, January 26, 2023
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Toyota sells stake in Kenya IT firm after row with State

A unit of Japanese multinational Toyota has sold its stake in Kenyan information technology firm Seven Seas Technologies...

Indian government to buy Sh356.5bn Tullow Oil stake in Turkana

Two Indian state-backed companies are in talks to acquire Tullow Oil’s stake in Turkana oil projects in a...

Defaulters risk auction in Lipa na M-Pesa loan

Safaricom will deploy debt collectors to pursue unpaid loans in its planned zero-interest credit service that will allow...

Total eyes biofuels in plans to diversify

TotalEnergies Marketing Kenya Plc (TMK) has opened talks with industry stakeholders in a bid to introduce biofuels in...

KenGen opens new 83 megawatt plant at Olkaria

Kenya Electricity Generating Company (KenGen) has added 83 megawatts of electricity to the national grid, boosting the government’s...

KenGen to ship in electric cars after installing charging station

Kenya Electricity Generating Company (KenGen) has installed an electric vehicle charging station in Nairobi as the State agency...

Sh1.5bn transformers to ease power outage woes

Kenya Power will go on with a Sh1.5 billion tender to purchase new electricity transformers and open two...

Safaricom seeks $2b to bankroll Ethiopia’s operations

Kenya’s largest telco Safaricom is seeking to raise up to $2 billion from local banks and development finance...

Hilton shuts iconic city hotel operations after 53-year stint

Hilton Hotel, Nairobi Nairobi’s iconic Hilton Hotel will close its doors indefinitely in December and lay off an unspecified...

Kenya Re invests Sh712 million in Zep-Re, subsidiary

Kenya Re managing director Jadiah Mwarania Kenya Re  has invested a total of Sh712.8 million in Zep-Re and another unnamed...

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