CFC Insurance Holdings of Kenya was exempted from a law that bars insurance companies from listing on the Nairobi Stock Exchange if less than a third of their shares are domestically owned, Business Daily reported.
The Kenya government invited Chinese contractors to take over construction of a 67 billion-shilling ($826-million) highway in the capital, Nairobi, after the World Bank refused to finance the project, Business Daily reported.
Williamson Tea Kenya Ltd. will pay its shareholders a special dividend in the current financial year following the sale of its office for 500 million shillings ($5 million), Business Daily reported today.
The Chinese government may change the yuan exchange rate within two to three months, the National Business Daily cited Wu Qing of the Financial Researcher Institute at the State Council’s Development Research Center.
Air China Ltd., China Southern Airlines Co. and seven other Chinese carriers will raise passenger fuel surcharges from today, the National Business Daily reported, citing a statement from China Southern.