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Fitch Publishes 'AAA(lka)' Rating on Hayleys' Proposed Debentures

Sri Lanka, March 2 -- Fitch Ratings has published the National Long-Term Rating of 'AAA(lka)' assigned to Hayleys PLC's proposed unsecured senior redeemable debentures of up to LKR7 billion. The debe... Read More


BAT projects new nicotine pouches to contribute up to 25pc of revenues

Nairobi, March 2 -- British American Tobacco (BAT) Kenya projects that its newly reintroduced nicotine pouches will contribute up to 25 percent of its total revenues in the medium-term, buoyed by stro... Read More


Lack of information locks Kenyan patients to costly cancer drug purchases

Nairobi, March 2 -- Thousands of cancer patients, including those with blood and breast cancer, could be spending up to Sh300,000 a month on some drugs that are available for free at select public and... Read More


APA to acquire two insurance companies in Tanzania market

Nairobi, March 2 -- APA Apollo Group is set to acquire two insurance companies in Tanzania as it moves to increase its share of underwriting businesses outside Kenya. The insurer, which already has a... Read More


Firm loses Sh10m 'non-compete' claim against manager hired by rival

Nairobi, March 2 -- Consumer credit provider Lipa Later Limited has lost its bid in court to recover Sh10 million damages from its former senior manager Caroline Wanini who joined rival fintech firm C... Read More


Audit flags inflated Kenya Power generator prices

Nairobi, March 2 -- Kenya Power is on the spot over price inflation and payments for ghost services while building off-grid power stations, exposing taxpayers to losses running over Sh60 million. The... Read More


Kenyan bank profits rise 20pc to hit Sh311bn on lower costs

Nairobi, March 2 -- Kenya's commercial banks grew their pre-tax profit by 20 percent in the year ended December 2025 to pass the Sh300 billion mark for the first time, signalling higher dividend payou... Read More


Freight costs to rise as ships opt for longer routes on Iran conflict

Nairobi, March 2 -- Freight costs through the Mombasa port are poised to rise due to the effects of the Israel-Iran conflict, as shipping lines are forced to divert their vessels through a longer Cape... Read More


SYDNEY MAN CHARGED WITH CHILD SEX OFFENCES

CANBERRA, ACT, March 2 -- Australian Federal Police issued the following media release: This is a joint media release with the Australian Federal Police and Australian Border Force Editor's note:Arr... Read More


APRA REVOKES BANK OF NOVA SCOTIA'S AUTHORISED DEPOSIT-TAKING INSTITUTION LICENCE

SYDNEY, March 2 -- Australian Prudential Regulation Authority issued the following media release: The Australian Prudential Regulation Authority (APRA) has agreed to a request from the Bank of Nova S... Read More