Tanzania-based conglomerate with diverse interests in energy, construction, food and transport has made a $180 million (Sh23.15 billion) bid to acquire the entire stake of Bamburi Cement in what will mark one of the largest takeover deals in the East African region.

Cabinet has approved the divestiture of the state’s shareholding in six listed firms on the Nairobi Securities Exchange (NSE), including its shareholding in the bourse itself.

Co-operative Bank on Monday paid out a total dividend of Sh8.8 billion to its investors, following approval by shareholders in the virtual annual general meeting held last month.

Morgan Stanley Capital International (MSCI), an international firm that provides investment data and analytics services to investors, has promoted KCB Group to the MSCI frontier markets index, increasing the stock’s visibility to global investors.