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 [...]How CEOs Strategise to Stabilise Firms from Global, Domestic Risks
Firms are banking on digitisation, cost management and business diversification to mitigate both external and internal factors posing threat to growth of enterprises in the near term. Increased taxation, cost [...]Rwanda, Qatar Extend Deal on Financial Sector Development
The Qatar Financial Centre Authority (QFCA) and Kigali International Financial Centre have renewed their agreement to jointly foster financial sector development in their respective regions. The QFC and Kigali International [...]President Ruto Approves Privatisation of Loss-Making Government Entities
The Kenyan government has opened up more opportunities for the private sector to participate in the economy through buying of select entities. On Monday, President William Ruto signed into law [...]CBK to Raise KSh 55 Billion from October T-Bonds Tap Sale
The Central Bank of Kenya(CBK) has issued reopened two-year and 5-year treasury bonds in the first week of October, seeking to raise KSh 55 billion for budgetary support. This happens [...]
