Kenyan firm Savannah Clinker has made a significant move in the cement industry by placing a Ksh25.4 billion bid to acquire listed Bamburi Cement PLC. This strategic offer comes in response to a competing bid from Tanzania’s Amsons Group, which had previously announced its own Ksh23.9 billion offer. Savannah Clinker’s bid includes an additional Ksh1.8 billion to shareholders if the acquisition proceeds.
Dr. Faustine Engelbert Ndugulile of Tanzania has been nominated as the next Regional Director for the World Health Organization (WHO) African Region, succeeding Dr. Matshidiso Moeti, who has led the region with distinction over the past decade. This historic nomination was decided by African Member States during the Seventy-fourth session of the WHO Regional Committee for Africa held in Brazzaville, Republic of the Congo, reflecting strong support for Dr. Ndugulile’s leadership and vision.
SUKHIBA, a Kenyan commerce and CRM platform, has successfully completed a $1.55 million seed extension round led by EQ2 Ventures. This latest funding round saw participation from top-tier investors including Accion Venture Lab, Musha Ventures, Quona Capital, and existing investor CRE Ventures. The funds will be instrumental in scaling SUKHIBA’s operations and enhancing its SaaS platform.
Diamond Trust Bank (DTB) has reported a notable 12 percent increase in net profit, reaching Sh4.9 billion for the half year ended June 2024. This growth marks a significant achievement for the bank, reflecting its robust performance and strategic expansion.
Starlink, the satellite firm led by billionaire Elon Musk, is set to revolutionize mobile connectivity with its new Direct to Cell service. This innovative strategy aims to integrate Internet and mobile services directly into subscribers’ phones, enhancing market reach and service accessibility.
Bradford Nyangiri and Felix Makori from Menyenya Secondary School in Nyamira County have emerged as the overall winners of the 2024 Young Scientists Kenya (YSK) National Science and Technology Exhibition. Their innovative project, the “Sunken Cooking Jacket,” excelled among 1,780 submissions, securing the top position in the Chemical, Physical, and Mathematical Sciences category, specifically within the Energy and Transport sector.
AMG Realtors has made a significant move by announcing its venture into the American market with the launch of a land investment offering in Dallas, Texas. This new project, named Kenya One, is designed to cater to a diverse range of buyers, including first-time home buyers, growing families, and retirees. The choice of Texas for this expansion is strategic, driven by the state’s robust economy, business-friendly environment, and exceptional growth trajectory.
Dorcas Oduor, has made history as Kenya’s first female Attorney-General, officially sworn in on August 20, 2024. Her appointment marks a significant milestone in Kenya’s legal landscape, reflecting the growing inclusivity within the country’s top legal positions.
