Private Firms, State Agencies Cling to Ksh241bn Unclaimed Assets
The Unclaimed Financial Assets Authority (UFAA) is yet to receive Ksh241B of unclaimed assets from public agencies and private firms, making it difficult to reunite beneficiaries with the Funds. According [...]
Kenya Plans US$ 500mn Japanese Bond
Kenya has entered into a memorandum of understanding with Japan that will see the East African nation issue a Samurai Bond. “The upgrade of transformers will reduce energy losses in [...]
Frank Molla Appointed MD of Digital Payments Company MDP Africa
Digital payments company MDP has appointed Frank Molla as the Managing Director of MDP Africa. The new MD has also worked at American Express in Spain and the United Kingdom. [...]
Branch, Solv Kenya Strike Market Linkages Deal for MSMEs
Branch has entered into a partnership with Solv Kenya, to extend loans, business development support and market linkages to Kenyan MSMEs. The sector remains highly informal, as only 20 per [...]Pending Bills Verification Committee Sets Timeline for Claims Submission
The national government and its agencies have upto early next month to submit pending bills claim from the year 2005 to the recently formed Pending Bills Verification Committee for possible [...]IMF Approves US$684.7 million to Kenya
The International Monetary Fund (IMF) has approved immediate disbursement of US$684.7 million to the Kenyan government. “Kenya’s performance under the ECF/EFF arrangements have been mixed with adherence to quantitative targets [...]Kenya’s National Debt Rises Sharply as Shilling Falls
Kenya’s national debt has increased by KSh 382.6 billion over the past one year because of the rapidly weakening shilling which has depreciated by 23% against the dollar in that [...]KCB Group: What’s in a Valuation?
In the ever-evolving landscape of banking and finance, the Nairobi Securities Exchange (NSE) has witnessed a significant shift in the valuation race, with some of the largest companies facing a [...]Sasini Issues Profit Warning, Cites Recession in Key Markets
Macadamia and avocados contributed nearly a third of the Sasini’s net profit posted in 2022, which shows the potential of the two crops in lowering the contribution of coffee and tea in total revenue.ILAM FAHARI I-REIT Faces Reorganisation After Offer Oversubscription by 13%
ILAM has been working to restructure the REIT to ensure its sustainability and improve its ability to generate returns for unit holders.Mi Vida Homes Signs Deal with IHS Kenya for Green, Affordable Housing
International Housing Solutions (IHS), a private equity fund manager investing in green affordable housing across Sub-Saharan Africa, has, through its Kenya Green Housing Fund, signed an agreement with real estate [...]Parliamentary Committee Wants External Loans Channeled to Export Driven Projects
The Public Debt and Privatisation Committee wants external borrowing to be guided by projects that promote export-driven production to address forex exchange imbalances. The Committee’s review of sectors financed by [...]
