Moody’s Upgrades Kenya After Eurobond Buybacks Cut Near-Term Default Risk
Moody’s upgraded Kenya’s sovereign rating to B3 from Caa1, citing lower near-term default risk after a sharp rebuild in foreign-exchange reserves, Eurobond buybacks, and improved access to domestic and external funding. FX reserves rose to KSh 1.57 trillion, easing balance-of-payments pressure.
The move followed Fitch’s B- affirmation last week, which also flagged stronger liquidity but warned high debt service, fiscal slippage, and weak debt affordability continue to cap Kenya’s credit profile.
Tax Tribunal Rules Del Monte Owes KSh 6.7bn
Del Monte will face a KSh 6.72 billion tax bill after a tribunal determined that the company's challenge to the taxman's assessments fell short of merit.
Kenya to Automate External Debt Payments
Kenya is set to roll out a fully automated external debt payment platform under the Treasury Single Account (TSA) framework from February 2026.
The system integrates key public financial management platforms, including Meridian, IFMIS, Central Bank exchange rate systems, and statutory approval workflows, replacing manual, paper-based processes.
Yogupay Appoints Kevin Ng'ang'a as Chief Commercial Officer
YoguPay has appointed Kevin Kigima Ng’ang’a as Chief Commercial Officer to drive its commercial strategy and scale its cross-border payments infrastructure.
Dar Tycoon Bets US$200mn in Portland Cement's Modernization
The East African Portland Cement (EAPC) is undertaking a US$200 million expansion aimed at sharply increasing output and reasserting its relevance.
Kenya Turns to KSh 454mn EU-Backed Cyber Security Project
Kenya has launched a KSh454 million (€3 million) European Union–funded cybersecurity programme amid rising cyberattacks that have exposed vulnerabilities in government digital systems
Town Hall with Kenya Pipeline MD Joe Sang
For this special Live Trading Bell Townhall, the spotlight will be on a deep-dive conversation with Joe Sang, Managing Director of Kenya Pipeline Company (KPC), as we unpack the details behind one of Kenya’s most anticipated listings.
This session offers a rare opportunity to hear directly from the man at the helm of KPC at a defining moment in the company’s history — moving from a state corporation to a publicly traded entity — and to better understand how this transaction fits into Kenya’s broader capital markets and privatization agenda
African Women-Led Firms Post Growth, Lag in Private Capital
Although female-led startups in Africa are outpacing their male peers in both growth and revenue, women remain underrepresented in senior roles where investment decisions are made
Hackers Turn to Malicious QR Codes in Phishing Attacks
Hackers are using QR codes in emails more frequently because they provide a simple and cost-effective way to conceal malicious URLs,
Trading at Market Speed with I&M Bank’s FX Direct
This digital evolution ensures that I&M Bank clients are not merely observers of market volatility, but active participants equipped to capture value at the exact moment it arises.
Bill Gates, OpenAI Bet US$50mn on AI-Led Healthcare in Africa
US billionaire Bill Gates and OpenAI are committing US$50 million to a multi-year initiative aimed at deploying AI tools across 1,000 clinics by 2028.
Regulator Approves KCB’s US$15mn Acquisition of Riverbank
The Competition Authority of Kenya (CAK) has approved KCB Group’s acquisition of a 75% stake in Riverbank Solutions, a payments technology company.