Cairo (HOL) — The Arab League has agreed to cancel 75 percent of Somalia’s debts after Mogadishu requested relief from nearly four decades of unpaid annual membership contributions, Somali officials said Tuesday. Somali Ambassador to Egypt and Permanent Representative to the Arab League, Ali Abdi Aware, called the decision a “historic achievement” during the League’s…
An aerial drone photo taken on April 3, 2024 shows a city view in Nairobi, Kenya. (Xinhua/Han Xu) China Chamber of Commerce for Import and Export of Machinery and Electronic Products on Thursday signed a memorandum of understanding (MoU) with Kenya National Chamber of Commerce and Industry (KNCCI) to foster bilateral trade and mutual exchanges.…
Last Updated on 4 minutes by Agencies for Kenya Online News Proto Energy Limited’s sustainability efforts have resulted in a saving of 7,085.76 tonnes of CO2 in the first half of 2025, the company has revealed in its latest Sustainability Report. This reduction is equivalent to the environmental benefit of growing 4,723.84 hectares of eucalyptus…
Last Updated on 7 minutes by Agencies for Kenya Online News Standard Bank Group has announced strategic leadership appointments within its Africa Regions business, underscoring its commitment to continued growth, strengthening its regional franchises, and leveraging the extensive expertise within its organisation. These transitions are effective September 1, 2025. Dr Joshua Oigara has been appointed as…
Last Updated on 6 minutes by Agencies for Kenya Online News In the midst of Kenya’s vibrant hustle and bustle, where opportunities and challenges coexist, it’s easy to overlook one key aspect of financial security: insurance. While life is full of possibilities, it’s also filled with uncertainties. Accidents, illnesses, and even catastrophic events like fires…
APRIL 15 – This year’s International Women’s Day served to highlight the fact that women in today’s hyper-connected world still face financial exclusion. Appallingly, estimates indicate that 2.3 billion working-age women do not have an account at a formal financial institution. It is also high on the policy agenda, with a wide range of supply-side…
NAIROBI, Kenya Apr 15 – Tullow Oil plc has signed a heads of terms agreement to sell its entire Kenyan portfolio to Gulf Energy Ltd for at least $120 million. The transaction, executed through its subsidiary Tullow Overseas Holdings BV, transfers Tullow Kenya BV—holder of all Tullow’s working interests in the country. The deal includes…
NAIROBI, Kenya, Apr 15 — Tullow Oil Plc has signed a major agreement to divest its entire Kenyan operations in a move that marks the company’s complete exit from the East African country. The deal, valued at a minimum of $120 million, was reached between Tullow’s wholly-owned subsidiary, Tullow Overseas Holdings BV, and Gulf Energy…
NAIROBI, Kenya, April 14- The Central Bank of Kenya (CBK) has approved the acquisition of National Bank of Kenya Limited (NBK) by Access Bank PLC (Access) after the deal met regulatory requirements. The approval comes a few months after the National Treasury and Economic Planning Cabinet Secretary on April 10, 2025, pursuant to Section 9…
HF Group is an integrated financial solutions provider that is registered as a non–operating holding company (under the Banking Act Cap.488) and regulated by the Central Bank of Kenya (CBK). HFDI, is the property development and investment subsidiary of HF Group. Over the years, HFDI has been involved in the development of landmark estates including…