Developers Cash-in on Supermarkets Expanding to Estates
Developers are modernizing establishments to cash in on giant retail stores preferring to move closer to consumers within estates, real estate consultancy firm has said in its half-year report, with [...]
Global Investment Research Firm MSCI Upgrades Co-op Bank, Four Others, to Frontier Markets Indices
The Morgan Stanley Capital International (MSCI), the premier global investment research firm, has promoted Co-operative Bank of Kenya (CO-OP) to the MSCI Frontier market Index (FM), and four other stocks [...]Hindenburg Report 2.0 Erects Another Hurdle for Adani's Global Operations
US-based short seller, Hindenburg Research, has unleashed a new report alleging the Chairperson of Securities and Exchange Board of India (SEBI) Madhabi Puri Buch and her husband invested [...]Ethiopia's Debt Haircut Proposal Spooks Investors
Ethiopia's announcement of a plan that will see bondholders forced to take a 20% haircut during the ongoing debt restructuring process has spooked investors. The terms they offered last year [...]
54 Collective's CEO on Rebrand, State of VC, Startups and SMEs
On the eve of Founder's Factory's rebranding to 54 Collective, The Kenyan Wall Street talked to Bongani Sithole, CEO, on the company's evolution, the general state of VC on the [...]DRC's Rawbank Invests in Africa Finance Corporation
Rawbank, the largest bank in the Democratic Republic of Congo (DRC), has made an equity investment in the Africa Finance Corporation (AFC), two years after the DRC Government made a [...]Markets Regulator Approves Mi Vida REITs Manager, Issues Licenses to Over 10 Others in Coffee and Fund Management
Kenya's Capital Markets Authority (CMA) has granted several new licenses and approvals across multiple sectors citing move to deepen the capital markets industry. Mi Vida Homes Licensed as REIT Manager [...]First Islamic Bond in East and Central Africa Lists on the NSE
The Nairobi Securities Exchange (NSE) has formally inaugurated an Islamic bond into the unquoted securities platform, in an occasion graced by President William Ruto at the Exchange building. The listing [...]TotalEnergies Acquires Minority Stakes in Hydropower Projects in Uganda, Rwanda
Energy giant TotalEnergies has acquired 100% of SN Power, a subsidiary of Norwegian renewable energy firm Scatec ASA, which has interests in hydropower projects in Uganda, Rwanda, and Malawi. We [...]EABL Profits Drop By 11.8% on Weak Shilling, High Interest Rates
Listed brewer East African Breweries Plc (EABL) recorded an 11.8 percent drop in profit to KSh 10.9 billion for the year ended June 2024, from KSh 12.3 billion a year [...]Inside Adani's US$ 1.84 Billion JKIA Proposal
Adani Airport Holdings Limited (AAHL), an Indian based company, has proposed to invest US$ 1.84 billion to expand and run the Jomo Kenyatta International Airport (JKIA), the Kenya Airport Authority [...]Finance and Foreign Ministers Call For Reform of Global Financial System
Finance and foreign ministers have called for the remaking of the international financial system to improve the prospects of developing countries at a just-concluded United Nations (UN) Member States meeting [...]
