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Treasury Raises KSh 52.8 Billion in November Treasury Bond Reopening
Treasury has extended its front-loaded domestic borrowing strategy after raising KSh 52.83 billion in the November reopening of two Treasury bonds.
Kenya Moves to Securitise Additional KSh 5 per Litre of Fuel Levy
Under the revised structure, the government will redirect funds from existing allocations to create fiscal room for the new KSh 5 per litre securitisation.
Kenya's Wildlife Compensation Backlog Hits KSh 3.5 Billion
Thousands of Kenyans who have lost relatives, livestock, or property to wildlife attacks are still waiting for government compensation, as the backlog of unpaid claims has ballooned to KSh 3.5 billion.
Kenya Re Reinstates Managing Director Dr. Hillary Wachinga After Internal Review
The UAE to Invest US$6bn in Africa's Tourism Sectors
The United Arab Emirates (UAE) is set to invest over 100 projects worth a total of US$6bn in Africa's travel and hospitality sector
NSE Market Value Breaks KSh 3 Trillion for the First Time in History
The Nairobi Securities Exchange (NSE) entered uncharted territory this week, as its market capitalization crossed the KSh 3 trillion mark for the first time in history.
Kenya, Tanzania in Talks Over Welfare of Citizens Amid Growing Cross-Border Trade Links
Kenya and Tanzania have opened fresh diplomatic engagements to address concerns over the treatment of Kenyan nationals living and working in Tanzania
Africa’s Must-Win Battles in Financial Empowerment
The next frontier is not just inclusion but capability, the ability to effectively use financial services.
CIC Insurance and Williamson Tea Added to MSCI Frontier Markets Small Cap Index
Global index provider MSCI Inc. added CIC Insurance Group and Williamson Tea Kenya to its Frontier Markets Small Cap Index.
Safaricom's Half-Year Profit up 52%, Mobile Data Revenues Overtake Voice
Safaricom recorded its strongest half-year performance to date as continued expansion in M-PESA and mobile data usage in Kenya offset the ongoing decline in traditional voice and messaging revenue.
Ecobank Loses Two Tax Cases on Card Payments, VAT on Repossessed Assets
In its decision, the Tribunal found that payments made by Ecobank to Visa and Mastercard were subject to withholding tax.