IMF, AfDB Warn African Countries Against Resource Backed Loans
The International Monetary Fund (IMF) has strongly supported a call by the African Development Bank Group urging countries in Africa to stop borrowing loans backed by their natural resources. The [...]
Nairobi Securities Exchange Seeks New CEO As Geoffrey Odundo Prepares Exit
The Nairobi Securities Exchange (NSE) is searching for a new Chief Executive Officer, to replace Geoffrey Odundo whose term ends in March 2024 following a one-year extension. Appointed in March [...]
Kauffman Fellows CEO Jeff Harbach Discusses Venture Capital in Africa and Impact on VCs
In a recent interview with The Kenyan Wall Street, Kauffman Fellows CEO Jeff Harbach shared insights on hosting the organization's inaugural VC Summit in Africa, the impact of Kauffman Fellows [...]AGF Tripples Guarantee Fund to Sidian Bank From Sh500M to Sh1.5B
The Africa Guarantee Fund (AGF) has tripled guarantee facility to Sidian Bank from Sh500 million to Sh1.5 billion to allow Small and Medium Enterprises (SMEs) easily access loans. Sidian Bank [...]Kenya's Markets Regulator Approves first Sukuk Bond
The Capital Markets Authority (CMA) has approved the issuance of the country's first-ever Sukuk Bond by Linzi Finco Trust. The Sukuk targets to raise KSh. 3 billion and proceeds from [...]
CBK Restricts Sale of Foreign Exchange to USD 100,00
The Central Bank of Kenya has issued new orders in the foreign exchange market targeting the activities of Money Remittance Providers (MRPs). In a banking circular, Central Bank of Kenya [...]Rwanda Eyes Financial Hub Status With Laid Down Reforms to Attract Investors
Rwanda is betting on financial sector services to grow its economy, with laid down reforms to attract investors into the country. Currently, the financial sector contributes 3 per cent to [...]Nairobi Securities Exchange Introduces Two New Market Indices: N10 and NSE-BI
The Nairobi Securities Exchange (NSE) has introduced two new market indices: the NSE 10 Share Index (N10) and the NSE Bond Index (NSE-BI), saying the move is aimed at enhancing [...]Economic Trends: Navigating Kenya's Macro Landscape and Global Market Dynamics
In the ever-shifting economic landscape of Kenya, the challenge of preserving one's savings against the eroding effects of high inflation (7.28% as of July 2023) looms large. Despite recent inflation [...]
IM Group Plc HY 2023 Net Earnings Up 2.2% to KSh 5 Billion
IM Group posted a 2.2% increase in Profit After Tax to KSh 5.033 Billion at the end of the six-month period ended 30th June 2023 compared to KSh 4.9 Billion [...]Sidian Group Half-Year Net Profit Drops 16.5% to KSh 209.9 Million
Sidian Group's Net Profit for the period ended 30th June 2023 declined by 16.5 percent to KSh 209.9 million. The Sidian Group balance sheet size shrunk by 0.7% to KSh [...]Kenya’s Public Debt Burden Worsens with No End in Sight
Kenya’s Public Debt Serving Cost is growing fast with experts raising fears that if the Kenya Shilling exchange rate against the US dollar continues on its current slide, by a [...]
