Mauritius-based Grit Real Estate Income Group Limited (SEM:DELC, SEM:DELN) has announced plans to expand its Kenyan footprint via a hospital and data centre projects whose construction will start later this year.

Mauritian conglomerate IBL Group has bought an undisclosed stake in Nairobi-based pharmaceuticals distributor Harley’s as part of a consortium that has taken control of the company.

Mauritius-based property firm Grit Real Estate Income Group has leased two parcels of land at Tatu City for a total of $5.8 million (Sh707 million), initially holding the assets for capital gains.

Moody's Investors Service ("Moody's")  has today affirmed all ratings and assessments of the three rated Mauritian banks, namely: Mauritius Commercial Bank Limited ("MCB"), SBM Bank (Mauritius) Ltd. ("SBM Bank"), and Absa Bank (Mauritius) Limited ("Absa Mauritius"). As part of the same rating action Moody's has changed the outlooks to stable from negative on MCB's and SBM Bank's long-term deposit and issuer ratings. The outlook for Absa Mauritius' long-term deposit ratings remains stable.