Nakumatt targets NSE, Dar and Kampala listings

KENYA – Nakumatt Supermarkets has announced plans to list on the Nairobi Securities Exchange and neighbouring stock markets within the next three years, offering investors a chance to own a piece of the region’s biggest retailer valued at Sh35 billion ($400 million).

Trade row pits Kenya against Egypt

KENYA – Kenya and Egypt are headed for a trade dispute that could affect the former’s tea exports following allegations that Cairo is importing sugar from Brazil and exporting it to Kenya as its own after repackaging.