NSE Admits First Islamic Product on its Unquoted Securities Platform
The Nairobi Securities Exchange PLC (NSE) has approved the listing of Linzi Sukuk on the bourse’s Unquoted Securities Platform (USP), making the product the first Shari’ah-compliant product to be admitted [...]
KCB Group: What’s in a Valuation?
In the ever-evolving landscape of banking and finance, the Nairobi Securities Exchange (NSE) has witnessed a significant shift in the valuation race, with some of the largest companies facing a [...]
Kenya Welcomes Czechia Firms to Invest, Trade
Kenya's imported goods worth KShs. 4.4 billion in 2022 from Czechia, which was a billion shillings more than it did in 2021, according to figures from the Kenya National Bureau of Statistics.Ruto Hands Private Sector Lifeline on Pending Bills
President William Ruto has inaugurated a pending bills committee to verify bills owed to suppliers by counties, national government and state agencies amounting to Sh640 billion for payments. The committee [...]
CBK Accepts Bids Worth KSh 23.7 Billion at Weekly T-Bills Auction
The Central Bank of Kenya(CBK) received bids worth KSh 24.7 billion at the weekly treasury bills auction, an oversubscription of 102.8%, out of KSh 24 billion on offer, and accepted [...]The REITS Association of Kenya Holds Flagship Conference
The Real Estate Investment Trusts (REITs) Association of Kenya (RAK) has hosted its flagship conference, the 2023 RAK Annual Conference at the Enashipai Hotel in Naivasha. The conference-themed; Building Momentum [...]Shelter Afrique Approves US$ 12M Affordable Housing Loan for Guinea
Shelter Afrique Development Bank (ShafDB) Board, headquartered in Nairobi, has approved a line of credit worth US$12 million in housing loan to Conakry-based Vista Bank Guinee SA. Vista Bank Guinee [...]Kenya’s Benchmark Solutions Seals US$11.6M Deal for Ugandan Market
Kenyan-based structured trade and project financing advisory firm Benchmark Solutions Limited has signed a US$11.633 Million funding agreement with Uganda’s Mbarara Makhan Singh Market Landlords Association. The funds will be [...]Luxury Enaki Town Homeowners Protest Unfair Lease Agreement
Over 100 homeowners are living in fear of ceding freedom of property use in Nairobi’s Enaki Town development luxury apartments, after the developer introduced controversial clauses to a post-sale lease [...]ILAM FAHARI I-REIT Faces Reorganisation After Offer Oversubscription by 13%
ILAM has been working to restructure the REIT to ensure its sustainability and improve its ability to generate returns for unit holders.Mi Vida Homes Signs Deal with IHS Kenya for Green, Affordable Housing
International Housing Solutions (IHS), a private equity fund manager investing in green affordable housing across Sub-Saharan Africa, has, through its Kenya Green Housing Fund, signed an agreement with real estate [...]Kenya’s Strategy to Redeem KSh 299B Eurobond in June 2024
Kenya’s National Treasury Cabinet Secretary Prof. Njuguna Ndung’u has disclosed an elaborate strategy by the Government to settle the US$ 2 billion (KShs 299 billion) Eurobond that matures in June [...]
