Bond Turnover Surged to KSh 1.5 trillion in 2024
Kenya’s secondary bond market's turnover more than doubled to breach the KSh 1 trillion mark in 2024, as significant developments in monetary and fiscal policies improved investor demand. “We attribute [...]
SACCOs Bear the Financial Burden of Lost Investments in Troubled KUSCCO
SACCOs (Savings and Credit Cooperative Societies) that stashed huge sums of cash as deposits in the financially-crippled central finance facility at the Kenya Union of Savings Credit Cooperative Union (KUSCCO) [...]
Where Kenyans Get Capital to Build or Buy their Homes KNBS Survey
A survey by the Kenya National Bureau of Statistics (KNBS) tracks the financing options in the market, which Kenyans who wish to build or buy a home have. Commercial Banks [...]African Union Faults Moody’s Kenya Credit Rating
The African Union has faulted Moody’s latest revision of Kenya’s outlook from negative to positive, arguing that the change is an admission that the July 2024 downgrade was premature and [...]Actis to Exit Java House to Two Africa-Focused PE Firms
Kenyan coffee chain Java House is up for sale by London-based Actis to Alterra Capital and Phatisa Group marking its fourth sale in 12 years. Java House, which was founded [...]Govt Seeks KSh 70bn in Reopened Infrastructure Bonds
The Central Bank of Kenya (CBK) is seeking KSh 70 billion from two reopened infrastructure bonds to finance projects in the current fiscal year. The 17 year paper will have [...]Genghis Capital's KSh 355 mn Debt Row Intensifies as CMA Jumps in
The Capital Markets Authority (CMA) has asked Genghis Capital to provide a repayment roadmap after the investment firm was caught up in a US$2.7mn debt row with a South African [...]TransCentury Share Price Gains after First Half Year Profit since 2019
Listed infrastructure investment company TransCentury returned to profitability in the 6 months to June 2024 to record a KSh 375.1 million net profit from a loss after tax of KSh [...]Diaspora Remittances, Kenya's Biggest Source of Foreign Inflows, Hit All-time High in 2024
Diaspora remittances hit an all-time high in 2024, clocking US$4.95 billion (KSh 640.8 billion), an 18% jump from US$4.19 billion (KSh 542.4 billion) in 2023. “The United States remains the [...]PE Firms Amethis Metier to Exit Kenafric
Consumer goods conglomerate Kenafric’s US$100 million confectionery stake is up for sale by two private equity firms with the transaction spearheaded by Nedbank Group, Bloomberg reported on Friday. Kenafric has [...]Treasury Bills Undersubscribed as Rates Fall
Treasury bills were undersubscribed for the first time in two weeks as rates continued downwards after progressive interest rate cuts by the Central Bank of Kenya (CBK). Demand was skewed [...]Hindenburg Research, US Short Seller Behind Adani Sell Off, to Shutdown
Hindenburg Research, the US short seller whose targeted reports have caused severe market value losses, has been disbanded after 7 years of operation, Founder and CEO Nathan Anderson said in [...]
