An AfDB share is valued at Sh1.77 million, but countries are expected to pay only six percent of the going price to keep their shares.
By
Vincent Owino
Business & Technology Reporter
Nation Media Group
Kenya has lost 6,715 shares at the African Development Bank (AfDB), valued at Sh11.9 billion, after it failed to complete annual subscription, affecting its ownership in the multilateral lender.
Higher disbursements from the African Development Bank underscore Kenya’s growing shift towards multilateral financing amid…
Absa becomes the second major listed lender to report lower earnings after Standard Chartered Bank Kenya’s net income declined…
Kenya requires an additional Sh11.02 billion from the Exchequer to complete key stadiums earmarked for the 2027 Africa Cup of…
Official government data shows that Kenya's public debt is racing towards a record of Sh13 trillion.
The non-payment of interest has contributed to the airline’s debt owed to the government growing to Sh131.4 billion in the year…
In 2000, Diageo — which was formed in 1997 following the merger of Guinness Plc and Grand Metropolitan — acquired majority…
