(NAIROBI, KENYA) – A UK government investment arm has bought KES 1.94 billion ($15 million) of shares in Quickmart’s initial public offering, deepening its holdings in Kenya’s capital markets. The Foreign, Commonwealth and Development Office (FCDO) said it will acquire a 6.5% stake in the retailer through MOBILIST, a UKContinue Reading
(NAIROBI, KENYA) – A UK government investment arm is buying a 6.5% stake in Kenyan retailer Quickmart through its initial public offering (IPO) for KES 1.94 billion ($15 million), the latest foreign anchor investment in the chain. The Foreign, Commonwealth and Development Office (FCDO) will buy 260 million of theContinue Reading
(NAIROBI, KENYA) – Kenya’s KES 7.28 billion ($56.4 million / GBP 44.5 million) diplomatic property programme is facing persistent delays and cost overruns, with several missions abroad struggling to complete renovations, the Controller of Budget has said. According to the National Government Budget Implementation Review Report for FY2025-26, implementation ofContinue Reading
(NAIROBI, KENYA) – A fundraising appeal has been launched to send the daughter of a Kenyan woman allegedly murdered by a British soldier to the United Kingdom for his extradition hearing. Stacy Wanjiru, 14, needs KES 1 million ($7,780 / £6,060) to cover travel and legal attendance costs for theContinue Reading
(LONDON, UK) – Jaguar Land Rover has reported a sharp drop in sales after a fire at a parts supplier and disruption linked to the conflict in the Middle East hit the supply of new vehicles. The company is the largest car manufacturer in Britain and is owned by India’sContinue Reading
(LONDON, UK) – The cost of holiday childcare for school age children in Britain has risen to an average of £1,145 per child for the six week summer break, according to new data. This marks a 5 percent increase over the past year alone and means the financial burden onContinue Reading
(LONDON, UK) – A High Court judge has ordered Mitch Winehouse to pay nearly £1 million to two friends of his late daughter, the singer Amy Winehouse, following a failed legal claim over the sale of her belongings. Deputy High Court Judge Sarah Clarke KC ruled that Mr Winehouse mustContinue Reading
(LONDON) – Central banks cut gold purchases to their lowest first quarter level in more than 15 years, reducing one of the main forces that supported the precious metal’s record price rise over the past four years. Data from the World Gold Council (WGC), cited by the Financial Times, showedContinue Reading
(LONDON, UK) – Britain has restarted production of hypersonic target vehicles after a pause of more than ten years, moving to equip its armed forces with the tools needed to train against the growing threat of advanced Russian missile systems. The Ministry of Defence has signed a contract worth GBPContinue Reading
(WASHINGTON, USA) – Central banks across the Group of Seven nations are preparing for a series of interest rate decisions this week as oil prices approach $100 per barrel, intensifying inflationary risks that could force policymakers to signal a return to rate increases by the autumn. Brent crude currently tradesContinue Reading
