Capital Markets Regulator Licenses Future Construct as REIT Manager
The Capital Markets Authority (CMA) of Kenya has granted Real Estate Investment Trust (REIT) Manager License to Future Construkt Investment Managers Ltd, a subsidiary of Construkt Africa LLC (Mauritius), a [...]
University of Nairobi Launches the Silicon Savannah Innovation Park, One of its ‘Big Five’ Projects
The University of Nairobi (UoN) will tap into Kenya's nascent innovation ecosystem after opening up the Silicon Savannah Innovation Park to empower students with skills such as artificial intelligence, green [...]NCBA Bank Takes Over Unga Group’s KSh 860mn Loan from Absa
NCBA Bank Kenya has taken over a KSh 860 million loan from Absa Bank Kenya to Unga Group, which was due in June 2024. “The facility taken over by NCBA [...]Kenya Bankers Association Report Unearths Gaps Banks Must Seal to Create Sustainable Future
The Kenyan banking industry still has homework to do in improving transparency, addressing greenwashing, facilitating capital mobilisation and empowering market participants to identify and invest in sustainable assets. “As highlighted [...]Indian Businessman Gautam Adani Faces US$250mn Bribery Charges in the US
Gautam Adani’s name is in the global newsreels for the wrong reasons again; this time, New York prosecutors are pursuing him for allegedly bribing Indian government officials with US$250 million [...]Treasury Bill Rates Decline Further to 2023 Levels
Interest rates on Treasury bills have declined to levels last seen in August 2023, all below 14%, amid the Central Bank of Kenya’s resolve to begin the easing cycle in [...]Money Market Funds Soar as Unit Trusts Cross Record KSh 300bn
The value of combined assets of Collective Investment Schemes (CIS), such as Money Market Funds and fixed income funds, has crossed the 300 billion mark for the first time in [...]Weak Guidelines Deny Farmers Opportunities to Reap from Contract Farming
Contract farming is set to gather momentum as pressure piles on multinational food companies to address growing food demand and consistency in the supply chain, with delegates at the Inaugural [...]Morgan Stanley Adds Kenya Power, Two More Firms to Key Global Index
Morgan Stanley Capital International (MSCI) has added Bamburi Cement, Kenya Power and Carbacid Investments to the Frontier Markets Small Cap Index, increasing the companies’ visibility to global investors. The addition [...]Bongani Sithole on 54 Collective's Vision to Redefine Early-Stage VC in Africa
The Kenyan Wall Street recently sat down with Bongani Sithole, CEO of 54 Collective, one of Africa’s most active early-stage Venture Capital (VC) firms, at the Africa Fintech Summit. As [...]
Africa Will Be the Last Frontier for New Discoveries Through 2060- Rystad Energy
Africa will host the majority of new discoveries in the oil and gas sectors, a senior partner at energy intelligence firm Rystad Energy said at the start of Africa Energy [...]
Bolt Unveils Safety Campaign With a Commitment of KSh. 14bn Over Three Years
Bolt will commit Sh14 billion over three years to support raising awareness of the Bolt safety features and scaling preventative measures to help prevent safety cases before they happen. Bolt’s [...]
