Energia Ltd., an independent oil and gas company, has appointed Mr Oladimeji Bashorun as its Chief Executive Officer (CEO), following the exit of Mr Chidi Egonu.

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Zichis Agro-Allied Industries Plc has distanced itself from media reports suggesting that the Company is set to undertake an Initial Public Offering (IPO) or related capital raising activity.

Kenya raised KES 24.35 billion from Treasury bill allotment at its weekly primary market auction last week. The weekly Treasury bills auction was oversubscribed, recording a subscription rate of 102.3%, with total bids of KES 24.55 billion against an offer of KES 24.00 billion.

The South African rand (ZAR) depreciated on Monday, trading at R16.42 against the dollar, R19.25 against the euro, and R22.09 against the pound, according to First National Bank (FNB).