Africaincorp [Flagship]

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2009
08.22

-Safaricom signed a Share Purchase Agreement to acquire ownership of Packet Stream Data Networks Limited.Packet Stream Data Networks Limited is a wholly-owned Kenyan company licensed to provide various data communication services including fixed WiMAX access services. Read more

-ZAIN Kenya said it expects more subscribers to use its data services owing to reduced costs.Read more

The chief executive officers of Intercontinental Bank Plc, Mr. Erastus Akingbola; Sebastine Adigwe of AfriBankPlc; Okey Nwosu of Finbank Plc; Mrs Cecilia Ibru of Oceanic Bank Plc and Barth Ebong of Union Bank Plc were asked to step down from their respective position and are being replaced.Read more

The city of Kigali is gearing up for the public offer of city bonds amounting to Rwf300 billion ($526.3 million), to be raised in eight years, with annual coupon interest between 11% and 12%.Read more