Activity in Real Estate to Pick Up as Banks Lower Loan Prices
The banking sector is projecting that real estate prices will strengthen in the coming months due to a lower interest climate, renewing hope in a sector that has been hard [...]
Business Leaders Challenge Africa's Risk Profile as AfDB Plans Investment Guarantee Agency
The Africa Development Bank (AfDB) will establish the Africa Investment Guarantee Agency that will comprehensively cover international investors against political, climate, and macroeconomic risks. According to the president of the [...]Africa's Richest Man Aliko Dangote Doubles Down on Ethiopia Investments
The richest man in Africa, Aliko Dangote, will set up a second production line at his cement factory in Ethiopia increasing its capacity to 5 million tonnes per annum, [...]President Ruto Calls Out at Credit Rating Agencies for Financial Straitjacket'
Kenya has taken a swipe at global credit rating agencies for bias, linking them to $75 billion in lost opportunities to African countries. “We must be bold and call this [...]Kenya Raises KSh 130.8 Bn in Oversubscribed Infrastructure Bond
The government through the Central Bank of Kenya (CBK) has raised KSh 130.8 billion from two reopened infrastructure bonds in the February sale. The two papers the 14 year [...]Analysts Optimistic About Safaricom's Share Price Despite Data Privacy, Ethiopia Concerns
Analysts at the Standard Investment Bank (SIB) are optimistic about Safaricom's equities despite piling concerns and potential disruptions in Kenya's telecommunications scene. Safaricom's share price at the moment stood at [...]Morgan Stanely Adds StanChart, HF Group to Key Global Index
Morgan Stanley Capital International (MSCI) has added two Nairobi Securities Exchange (NSE) listed firms to their key index, increasing the stocks visibility to foreign investors. The upgrade comes as the [...]Pressure Mounts Against Adani Indictment as Trump Suspends Anti-Bribery Law
At least six US Congressmen are lobbying against the November 2024 indictment of Gautam Adani and officials of his companies on allegations of bribery, coinciding with a major move by [...]
Nigerian Fintech Raenest Raises US$11mn in Series A
Raenest, a Nigerian fintech with operations in Kenya, has raised US$11 million in its Series A round to invest in market expansion and product upgrades. Our journey over the [...]Genghis Capital Wards off KSh 2bn Asset Freeze in Debt Feud
The High Court has thrown out an application by a South African businessman seeking to freeze the accounts of Genghis Capital, ruling that there was no evidence that the Kenyan [...]Local Investors to Pump KSh 129bn into Nairobi-Mombasa Expressway
American asset manager, Everstrong Capital, has signed an agreement with CPF Capital Advisory Ltd. to raise US$ 1billion (KSh 129 billion) for the Usahihi Nairobi-Mombasa Expressway project. “This is [...]Kenya Eyes Local Financiers for Public-Private Partnerships
The government has appointed over thirty experts from Kenya's financial sector to create a road map for mobilization of long-term local financing for strategic state projects. In a letter signed [...]
