UPDATE: The Kenyatta and Ndegwa families are set to receive about Sh22 billion from Nedbankβs 66% acquisition of NCBA.
β Kenyatta family will receive Sh10.6 billion (shares + cash)
β Ndegwa family will receive Sh11.3 billion (shares + cash)
Construction on the Sh272 billion expansion of JKIA begins.
The project is the first to be financed through the National Infrastructure Fund.
Promise delivered, give the man his flowers.
A 650,000-barrel-per-day refinery being considered for Kenya by Aliko Dangote could completely change the countryβs economic future. π°
This means:
Thousands of direct and indirect jobs
Growth of Mombasa as a major African trade hub
More investment into roads, ports and infras