Bharti Airtel, Safaricom deal with Kenya's Yumobile in doubtSafaricom is anxious and concerned about the delay in getting regulatory approval for its proposed deal to buy the assets of Essar Telecom ...
Bharti Airtel, Kenya’s telco Safaricom bid for licences and 2.7 million customers of YumobileIn an application to the Kenyan telecom regulator CAK, Yumobile said that it intended to transfer its part of the business in the company.
Essar Telecom in talks with investors to fund Kenya operationsEssar Telecom Kenya, which operates under the Yu Mobile brand, said that it was in talks with investors to expand its 3G presence.
Three of Indian-origin among Africa's 50 richest: ForbesBidco grossed over $ 500 million in annual revenues and its products are manufactured, sold and distributed in 14 countries across Africa.
Why the Nairobi terror attack hurt people of Indian origin so muchProminent persons of Indian origin were killed in the shopping mall siege in Nairobi a week ago in a country that has some 100,000 people w...
- Essar buys 50% stake in Kenyan refinery
Marking its foray into the overseas refining market, Essar Energy Overseas, a group company of the diversified Essar Group, has completed t...
- BSNL may pick up 15% stake in Essar's Kenya venture
State-owned telecom service provider BSNL plans to pick up a 10-15% stake in Essar Group’s Kenyan subsidiary as it looks to gain a foothold...
- Essar Oil to step up refining capacity to 1 mn barrels a day
The Ruias-owned Essar Oil will ramp up its refining capacity four times to one-million barrels a day (bpd), making it the country’s third-l...
- Essar Oil climbs 30%
Shares of Essar Oil were in action in afternoon trade on Monday with more than 8 lakh shares being traded on the NSE.
- Essar Oil to buy 50% stake in Kenyan refinery
Essar Oil is set to acquire a 50% stake in Kenya Petroleum Refinery (KPRL) in Mombasa.
- RIL in talks for Chevron's Kenya, Uganda biz
Reliance Industries is learnt to be in talks to acquire some downstream assets of US major Chevron in the African continent. Reasons to lov...
- Essar still in race for Kenya Petrol
Essar had earlier agreed to buy 50% in the Kenyan oil firm, but a co-operation pact between Kenya and Libya came in the way.
- Stocks to watch Tuesday
Stocks in India are seen moving in a range with US markets ending flat on Monday and Asia mixed with negative bias on Tuesday.
- Obama mania sweeps Africa, analysts cynical
In Kenya, they name babies after him and quaff ‘Senator’ brand beer in his honour. Global TV networks camp outside his grandmother’s rural ...
- Essar may end with just 25% in Kenya Petro
Under the agreement signed between Esmark and Essar, the former will pay a ‘break up’ fee of $20.5 million in case the transaction does not...
- Essar Oil picks 50% in Kenya Petroleum
Essar Energy Overseas, an Essar Oil subsidiary, has signed an agreement to acquire 50% stake in Mombasa-based Kenya Petroleum Refineries (K...
- Essar Oil edges out RIL, BPCL in race for Kenyan refinery
The acquisition of the refinery, located in the coastal city of Mombassa, is expected to give Essar Oil a global footprint.