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Eldoret water company targets Sh700m debut bond issuance in expansion drive

Nairobi, March 12 -- Eldoret Water and Sanitation Company (ELDOWAS) looks to be the first water utility firm in Kenya to go to the capital markets and raise debt as the sector looks to diversify fundi... Read More


Ethiotelecom IPO expected to launch Ethiopia securities exchange

Nairobi, March 10 -- For decades, Ethiopia has been the only major economy in Africa without a securities exchange, but this is set to change as the $156 billion economy gears up to launch securities ... Read More


KenGen to drill geothermal wells in Tanzania

Nairobi, Feb. 21 -- Listed electricity generating company KenGen will soon sign a contract to drill three explorative wells in Tanzania, as the neighbouring nation seeks to plug into geothermal energy... Read More