When Crimea’s new premier traveled down the Black Sea coast for unscheduled talks with President Vladimir Putin in Sochi this month, he was accompanied by a man described by one Kremlin insider as Russia’s George Soros.
Corn growers in Kenya lost billions of shillings of revenue after grain merchants rejected deliveries contaminated with aflatoxin, Business Daily reported, citing the National Cereal and Produce Board.
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.
Umeme Ltd., Uganda’s main power distributor, is planning an initial public offering in which its shares will begin trading on the stock exchanges of Uganda and neighboring Kenya, Business Daily reported.
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.