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 [...]Property Dealers Exceed a Year on Average Without Making Single Sale-KNBS
Investors endured an average 16 months in 2023 to dispose of residential properties, with two and three-bedroom apartments taking an even longer time-over 18 months-to sell. One and two-bedroom apartments [...]LemFi Raises US$53mn in Series B Funding Led by Highland Europe
LemFi, the platform transforming how immigrant communities access financial services, has raised $53 million in Series B funding led by Highland Europe. London, Lagos, Los Angeles and Toronto, 14 January [...]
Kenyan Startups Beat Rest of Africa to Raise US$638 mn in 2024
For the second year in a row, startups in Kenya received the bulk of funding in 2024, 88 percent of the total raised in East Africa and more than a [...]How Standard Chartered is Unlocking Global Investment Opportunities for Affluent Investors
Globally diversified funds, such as Standard Chartered's Signature CIO Funds, launched globally in 2022, provide an ideal platform for investors aiming to expand their wealth internationally. Kenyan investors are redefining [...]Gov't Warns SACCOs Against Paying Out Dividends While Indebted
The Ministry of Co-operatives and MSME development is worried about the long-term stability and financial integrity of Kenyan SACCOs, prompting strict regulatory requirements for dividend payouts. SACCOs are directed to [...]
