Kenya Financial News

A large metallic ring suspected to be debris from space crashed in a village in Kenya’s south on Monday, the country’s space agency said.

SS Rajamouli and superstar Mahesh Babu, is generating significant buzz ahead of its launch. Reports suggest that the African action-adventure film will be officially launched today, January 2, in Hyderabad through a low-key event. Fans who have been eagerly awaiting updates about the film are thrilled that production is finally set to kick off, marking the beginning of an exciting cinematic journey.

Three African leaders seeking to head the African Union have detailed their plans for regional security amid conflicts and political coups while strongly advocating for inter-Africa trade

Marburg, also termed as the 'Bleeding Eye's virus due to one of its symptoms, has killed 15 people in Rwanda and has left hundreds of them infected, reports The Mirror. ALSO READ: Delhi reports first case of Japanese Encephalitis: check symptoms of this viral disease

Adani Energy Solutions said on Saturday that Kenya's cancellation of a $736 million transmission line project did not require it to make any regulatory disclosure under Indian stock exchange rules as it was within its ordinary course of business.

Gautam Adani's group on Saturday clarified on reports of Kenya cancelling more than USD 2.5 billion in deals after US indictment on bribery charges, saying it had not entered into any binding agreement to operate Kenya's main airport. On the pact it had signed last month to build and operate key electricity transmission lines in Kenya for 30 years, the group said the project did not fall within the ambit of Sebi's disclosure regulations, thereby not warranting any disclosure on its cancellation.

State Bank of India, Bank of Baroda, and Punjab National Bank, as investors regained confidence following Thursday’s sell-off. The Nifty PSU Bank Index rose 2.0% to 6,444.60 in early morning trading, reversing the losses from the previous session. State Bank of India saw a jump of 2.2%, trading at Rs 797.50, while Bank of Baroda and Punjab National Bank were up 2.8%, reaching Rs 235.00 and Rs 99.04, respectively. Other PSU banks, including Canara Bank and Bank of Maharashtra, gained 2.5% and 2.7%, respectively.

Kenya’s president says he has cancelled multimillion-dollar airport expansion and energy deals with Indian tycoon Gautam Adani after U.S. bribery and fraud indictments against one of Asia’s richest men

Adani Group. Ruto said he had also directed the cancellation of a more than $700 million deal the energy ministry had signed with a unit of the Adani Group to construct power transmission lines. This comes after U.S. prosecutors indicted Adani for conspiring with executives of a former New York-listed company to devise a $265 million scheme to bribe Indian officials and boost their solar energy business.

President-elect Donald Trump has vowed to repeal President Joe Biden’s signature artificial intelligence policy when he returns to the White House for a second term

Subscribe to enjoy similar stories. The Akshaya Patra Foundation plans to take its acclaimed midday meal scheme to Indonesia and Kenya, said two people aware of the development, as India seeks to use its soft power to deepen ties and trade. Indonesia, Southeast Asia’s largest economy, is launching a free meal programme for schoolchildren.

The refugee organization, the International Rescue Committee, is testing some artificial intelligence tools to try to increase the number of displaced people they can reach with critical information

African leaders may have been quick to congratulate Donald Trump on his election, professing a desire for mutually beneficial partnerships

Adani Energy Solutions Ltd (AESL) on Friday said it has incorporated a wholly-owned subsidiary in Kenya to explore new avenues in power transmission projects in the African country. The subsidiary, Progressive Grid Networks Ltd has «initial share Capital of KES (Kenyan Shillings) 10,00,00,000 divided into 1,00,000 ordinary shares with a nominal value of KES 1,000 each,» a regulatory filing said.

Subscribe to enjoy similar stories. It has been the highlight of most African leaders’ diplomatic calendar for nearly a quarter of a century. Ever since the inaugural Forum on China-Africa Co-operation (FOCAC) in Beijing in 2000, the triennial shindig has been treated as a barometer by analysts seeking clues about the evolving state of relations between Africa and its biggest trading partner.

SS Rajamouli and Mahesh Babu now going to be a reality? A recent Instagram post from auteur Rajamouli has made fans think that the ‘RRR’ director and the superstar may be finally coming together for a project! Although a film tentatively titled ‘SSMB 29’ was announced several months ago, the details have been kept under wraps. Lately, SS Rajamouli’s son, SS Karthikeya, has been posting intriguing snippets on Instagram that have stirred up curiosity about their upcoming film. While Karthikeya has kept the specifics a mystery, excitement escalated today when SS Rajamouli himself shared a photo that delighted Mahesh Babu’s fans. Rajamouli’s latest Instagram post shows him on Kenya’s sprawling savanna, surrounded by zebras—a breathtaking location-scouting image that has fans flooding the comments, eagerly demanding more news about the film. This high-budget project, produced by KL Narayana of Durga Arts, is expected to feature a stellar cast and technical crew, with Keeravaani composing the music and Vijayendra Prasad penning the script. As anticipation builds, fans are waiting for more details on the much-hyped SSMB29.

Gautam Adani is exploring investment opportunities in Bhutan's Gelephu Mindfulness City, a new urban project aimed at transforming the southern region of the Himalayan kingdom into a thriving economic hub. Gelephu Governor Lotay Tshering told Bloomberg, Bhutan is engaging with the Adani Group, led by Asia's second-richest individual, to develop solar and hydroelectric plants within this ambitious 1,000-square-kilometer township near the Indian border. Bhutan’s investment initiative underscores its long-standing alliance with India, which views Bhutan’s growth as strategic for countering China’s influence in the region. This partnership offers Adani Group a chance to bolster its green energy portfolio, aligning with its existing international projects across Israel, Kenya, Sri Lanka, Bangladesh, and Vietnam. Governor Tshering, who served as Bhutan’s Prime Minister until 2023, revealed that hundreds of sites have been identified for renewable energy projects in the Gelephu area. With an estimated capacity addition of 20 gigawatts, the project aims to establish a sustainable energy network. This includes planned contracts for constructing roads, bridges, and facilities that could attract investors from across Asia.

At least one U.S. airline has temporarily canceled flights to Haiti’s capital after gang members opened fire and hit a U.N. helicopter flying near the country’s main airport

Kenya's high court on Friday suspended a $736 million deal between a state utility and India's Adani Energy Solutions to build and operate power infrastructure including transmission lines. The public-private partnership agreement between state-owned Kenya Electrical Transmission Company (KETRACO) and Adani Energy Solutions was signed earlier this month. On Oct. 11 the energy ministry said it would help address persistent power blackouts and support economic growth.

A regional partnership for Nile River basin countries says an agreement on the equitable use of water resources has come into force despite the notable opposition of Egypt