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 [...]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 [...]
