By GOA International Group
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The shilling slumped to a record low against the dollar on Thursday on stronger demand for the greenback, pointing to a rise in the cost of importing goods into the country in the short term. Commercial banks quoted the shilling at 107.40 to the dollar, an all-time-low, after four successive days of weakening. […]
Mid-sized companies in Kenya are set to benefit from the backing of $15 million (about Sh1.55 billion) in a private equity investment fund by the African Development Bank (AfDB). AfDB said the East Africa focused fund, which is the second by Nairobi-based private equity firm Catalyst Principal Partners, will make acquisitions in the local […]
