Powerhive Inc raises US$9.3m to expand solar power connectivity in Africa

Powerhive Inc raises US$9.3m to expand solar power connectivity in Africa

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KENYA – Powerhive Inc, a micro-grids operator, has raised US$9.3 million (Sh930 million) in its Series B round of funding to enable the firm expand its solar power connectivity. Powerhive chief executive Christopher Hornor said Toyota Tsusho participated in the latest round…

UK firm to acquire Kenyan logistics and oil firm Comarco for US$30m

UK firm to acquire Kenyan logistics and oil firm Comarco for US$30m

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KENYA – Anglo African Agriculture (AAA), a London Stock Exchange-listed company has announced plans to acquire the Kenyan-based privately-owned port and marine logistics group, Comarco Group (“Comarco”) in a deal valued at US$30 million (Ksh3.6 billion). The transaction will give AAA shareholders…

Competition authority approves Cemtech’s acquisition by Simba Cement Limited

Competition authority approves Cemtech’s acquisition by Simba Cement Limited

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KENYA – The Competition Authority of Kenya (CAK) has approved the acquisition of Cemtech Limited a Kenyan cement business by Simba Cement Limited in a move that is set revamp the factories operations after several failed attempts to start operations. The regulator…