Gov't Tries to Clarify JKIA Investment Deal
The government has tried to clarify ongoing negotiations that would see a private investor, a subsidiary of Indian conglomerate Adani Group, make significant investments in the Jomo Kenyatta International Airport [...]
Bank's Regional Subsidiaries' Profits Double as DRC Takes Lead
The Democratic Republic of Congo (DRC) is now the most profitable market for Kenyan banks' subsidiaries within the East African Community (EAC), overtaking Rwanda in 2023. With the high global [...]Higher Capital Limits Put 25 Banks on Edge
25 licensed Kenyan commercial banks, more than half of the 39 licensed commercial banks, will have up to three years to raise their core capital to the new KShs. 10bn [...]6 Bank Mergers and Acquisitions in 2023 Amid Plan to Raise Capital Base
In 2023, there were six consolidations in the banking sector where four commercial banks and two microfinance banks were either partially or wholly acquired, as the regulator kicks off plans [...]Top Stocks to Invest in Kenya in 2024: A Guide to CFD Trading
Kenya's financial markets are witnessing a transformative period, offering ample opportunities for investors, particularly in Contract for Difference (CFD) stock trading. With a robust economy, increasing foreign investments, and supportive [...]Inside Amsons Group's KShs 23.59bn Buyout Offer for Bamburi Cement
Amsons Industries, a subsidiary of Tanzanian conglomerate Amsons Group, will consider delisting Bamburi Cement from the NSE once it gets more 75% or more acceptance to its KShs. 23.59bn buyout [...]Tanzanian Conglomerate Amsons Group Makes Record $180mn Bid for Bamburi Cement
Tanzanian conglomerate Amsons Group has made a record $180mn (KShs. 23.32bn) binding offer for 100% ownership of Bamburi Cement, valuing the listed cement manufacturer at Shs. 65 per share. “We [...]
Kenya’s Tech Frontier: The Untapped Potential in Financial Markets
With over 32 million smartphones in circulation, Kenya is witnessing a transformative shift in its financial landscape. Fueled by a potent combination of technology, ambition, and entrepreneurial prowess, this newfound [...]Packaging Solutions Company SKL Group to List on the NSE
Shri Krishana Overseas (SKL Group), a packaging solutions and shoe manufacturing company, has announced its intention to list by introduction on the Nairobi Securities Exchange's (NSE) Growth Enterprise Market Segment. [...]Global Firms Mull Placing Kenya Investments on Hold as Risks Uncertain
As Kenya reels from protests and uncertainty, even after President Ruto's announced his administration would be withdrawing the Finance Bill 2024, some foreign companies are considering temporarily pausing their investments [...]Two Rivers International Finance Innovation Centre (TRIFIC) SEZ Secures $47.5mn funding
Two Rivers International Finance Innovation Centre (TRIFIC), the only services-focused Special Economic Zone (SEZ) in Kenya, has announced that it has secured an investment of Kes.6 billion (US$47.5 million) [...]Why You Should Consider Contracts for Difference (CFDs) in Your Investment Portfolio
In the ever-evolving world of finance, investors are continually seeking ways to diversify their portfolios and maximize returns. One investment vehicle that has garnered significant attention is Contracts for Difference [...]
