Kenya Returns to Domestic Bond Market with March Reopenings and Bond Switch Offer
Kenya has launched a March reopening of the 2039 and 2046 Treasury bonds targeting KSh 60Bn, alongside a KSh 15Bn bond switch to extend maturities. The move comes after net domestic financing reached KSh 554.96Bn by December, equal to 87% of the FY2025/26 target. The operations signal a shift toward maturity management after heavy front-loaded domestic borrowing earlier in the fiscal year.
European Investment Bank Commits €3.1 billion to Africa in 2025
The European Investment Bank invested €3.1 billion across Africa in 2025 through its development arm, EIB Global, with nearly half of the financing directed toward climate action and environmental sustainability. Funding supported SMEs, renewable energy, water, transport and health projects in countries including Morocco, Nigeria, Egypt and Mauritania. The bank said that the investments align with the EU’s Global Gateway strategy and aim to mobilize additional private capital for sustainable development across the continent.
Pesalink and Pan-African Payment and Settlement System (PAPSS) Partner to Ease Cross-Border Payments
Pesalink has partnered with the Pan-African Payment and Settlement System (PAPSS) to ease cross-border payments and speed up regional financial integration.
After Two Years on the Grey List, Kenya Moves From Law to Action
Last week, the National Assembly committee on Finance and National Planning formally approved Naphtaly Kipchirchir Rono as the new Director-General of the FRC.StanChart Kenya Names Gladys Warirah as CFO
Standard Chartered Bank Kenya has appointed Gladys Warirah as Chief Financial Officer, replacing Chemutai Murgor who will exit on 31 May 2026 after more than 25 years at the bank. The transition comes ahead of FY 2025 results due on 18 March, after the lender warned that net profit for the year would fall by at least 25 percent, largely due to pension settlement costs.Global Aid Pullback Tests Kenya’s Circular Economy Ambitions
Kotaramaju is calling for a unified institutional framework that gives commercial banks and development finance institutions confidence to evaluate circular economy risks properlySidian Bank Bets on SACCOs as it Plots Rapid Growth
Sidian Bank Chief Executive Officer Chege Thumbi has said that deepening the lender's engagement with SACCOs has been a key engine driving the bank’s rapid growthCourt Faults Equity Bank After Client’s Car Is Transferred During Loan Tenure
The dispute traces back to April 2016 when Mungatia took a KSh300,000 loan from the lender, surrendering the original logbook of his Mercedes Benz as securityKenya's Competition Watchdog Fines GT Bank KSh 33.18mn in Credit Renewal Dispute with Manufacturer
Kenya’s competition watchdog has ordered Guaranty Trust Bank Kenya Ltd, a commercial lender headquartered in Nigeria, to pay a fine of KSh33.18 millionEthiopia's Banks Pull Back at Foreign Exchange Auction as Exposure Limits Bind
After weeks of heavy oversubscription, demand eased at Ethiopia’s latest USD 500 million FX auction, leaving about USD 45 million unallocated. Banks took up roughly USD 455 million, as exposure limits and rising pricing risk began to cap bids despite persistent dollar shortages.Nedbank Moves Closer to NCBA Acquisition after CMA Nod
Nedbank’s proposed acquisition of NCBA has advanced after Kenya’s Capital Markets Authority granted an exemption from the mandatory takeover rule, allowing a partial pro-rata offer capped at about 66 percent. Shareholder backing has strengthened, with irrevocable undertakings rising to 77.54 percent of NCBA shares, reducing execution risk as the deal awaits remaining regulatory approvals.Stanbic Bank's China Desk Strengthens Kenya-China Trade Through Finance, Payments and Cultural Partnerships
At the centre of this momentum is Stanbic Bank Kenya, whose China Desk is helping businesses navigate the complexities of operating between the two markets.
