World Bank’s arm offers US$4.8m financing to boost Kenya businesses

World Bank’s arm offers US$4.8m financing to boost Kenya businesses

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KENYA – The International Finance Corporation (IFC), the financial institution of the World Bank has offered to invest US$4.8 million (Sh490 million) in technical advisory services to the Kenyan government to boost businesses. The deal is expected to help in promoting business…

Mars Wrigley’s opens US$70m manufacturing plant in Kenya

Mars Wrigley’s opens US$70m manufacturing plant in Kenya

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KENYA – Mars Wrigley Confectionary, Unites States based confectionary maker, has inaugurated a new US$70 million (Sh7bn) plant in Athi River, Kenya as it seeks to diversify its local confectionery product portfolio. Speaking during the inauguration ceremony, Duncan McCulloch, Mars Wrigley Confectionary…

Marriott International to open 19 properties in Middle East and Africa in expansion plan

Marriott International to open 19 properties in Middle East and Africa in expansion plan

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AFRICA – Marriott International, an American multinational diversified hospitality company, has unveiled plans of growing its Africa and Middle East portfolio by adding 19 new properties and more than 3,000 rooms as part of its overall growth strategy. The company said that…