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In a move that could reshape Kenya’s fiercely competitive beverage sector, East Africa’s richest man, Mohammed “Mo” Dewji, is preparing to challenge Coca-Cola and Pepsi head-on. The Tanzanian billionaire, whose net worth Forbes pegs at $2.1 billion (Sh271 billion), is investing Sh6.5 billion ($50 million) in a new soft-drinks plant in Mombasa through his conglomerate, […]
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The Nairobi Securities Exchange Plc (NSE) of Kenya and the National Securities Exchange of Somalia (NSES) have today signed a landmark Memorandum of Understanding (MoU) to deepen cooperation in East Africa’s capital-markets ecosystem. The agreement supports a shared vision of promoting cross-border listings, investor access, capacity-building and regulatory harmonisation across the region. The partnership marks […]
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