ekaterra Kenya proposed to make a cash offer to acquire up to 100 per cent of the ordinary shares in the capital of Limuru Tea Plc
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Longhorn is in Kenya, Uganda, Tanzania, Rwanda, Zambia, and Malawi.
The company operates in Tanzania, Mauritius, and the United Arab Emirates (UAE).
The insurance sector suffers from a low penetration rate, standing at 2.3% at the end of 2021, lower than the global average of 7.4%.
The 770-metre long jetty, with a capacity to load and offload all categories of petroleum products from large sea tankers of up to 200,000 DWT, is the largest in Africa.
Business executives expect the economic conditions to improve across all industries compared to six months ago, rising from an average of 47 index points to 66 points for the economy and 69 index points for the respective sectors.