Nairobi has been named East Africa’s wealthiest city and the sixth richest in Africa, according to a new study by New World Wealth and AfrAsia Bank from Mauritius. The report estimated that there is approximately KES5.4 trillion of privately held wealth in Kenya’s capital, with growth...
Liner shipping firm Hapag-Lloyd has targeted East Africa, especially Kenya, as a key growth market after the successful launch of its first dedicated goods transportation service to the region. The Germany-based company recently initiated the East Africa Service (EAS) - a weekly service that sails from...
Tullow Oil (LSE:TLW) has announced the discovery of oil in a region of Kenya thought to contain at least 750 million barrels of oil. The Africa-focused firm said an exploration well was drilled in its Emekuya-1 well in the Northern section of the South Lokichar basin,...