Genghis Capital's KSh 355 mn Debt Row Intensifies as CMA Jumps in
The Capital Markets Authority (CMA) has asked Genghis Capital to provide a repayment roadmap after the investment firm was caught up in a US$2.7mn debt row with a South African [...]
Treasury Proposes to Remove CBK from T-bills, Bonds Sales
Treasury has proposed that it take over the Central Bank of Kenya’s (CBK) role of selling government bonds and treasury bills as part of broader reforms to streamline debt operations [...]Court Grants Reprieve to Billionaire David Langat in KSh. 2bn Stanbic Loan Dispute
An Eldoret High Court has handed a temporary reprieve to billionaire David Langat by issuing an injunction blocking auctioneers tasked by Stanbic Bank from selling his properties in Nandi and [...]Government Moves to Allay Fears of Mass Job Losses After Restructuring 90 Entities
The government will move ahead with a new phase of restructuring to cut wastage and promote efficiency, according to a Cabinet dispatch on Tuesday which listed 90 entities that will [...]Kenya Eases ETA Visa Requirements for Africans
Kenya is rolling back the Electronic Travel Authorization (ETA) requirement for travellers from other African countries except Somalia and Libya in order to boost the efficiency of the [...]TransCentury Share Price Gains after First Half Year Profit since 2019
Listed infrastructure investment company TransCentury returned to profitability in the 6 months to June 2024 to record a KSh 375.1 million net profit from a loss after tax of KSh [...]Aging Workers Risk Retirement without Pension Benefits
Kenya is sitting on a social security time bomb following systemic failures by public sector employers to remit statutory deductions to pension schemes. “Some County Governments have not included these [...]HF Group Rings Bell on NSE After Oversubscribed Rights Issue
Listed financial solutions provider HF Group Plc (NSE: HFCK) on Tuesday held a Bell Ringing Ceremony as a culmination of its recently concluded Rights Issue which was oversubscribed by 38.32%. [...]
Kenya's Proposed Law for Crypto Firms Includes Physical Offices, Vetted CEOs
The National Treasury has published the Virtual Asset Service Providers Bill, 2025, that aims to regulate crypto firms by requiring them to set up offices locally, seek licenses, and have [...]CS Mbadi Targets Diaspora Bonds, ESG Instruments, as Debt Control Turns Challenging
As Kenya works to bring the national debt to acceptable levels, the Public Debt Management Office is exploring opportunities for diversifying sources of external borrowing in particular targeting Diaspora Bond, [...]Diaspora Remittances, Kenya's Biggest Source of Foreign Inflows, Hit All-time High in 2024
Diaspora remittances hit an all-time high in 2024, clocking US$4.95 billion (KSh 640.8 billion), an 18% jump from US$4.19 billion (KSh 542.4 billion) in 2023. “The United States remains the [...]What's the Difference between Export Processing Zones and Special Economic Zones?
In Kenya, Special Economic Zones (SEZs) and Export Processing Zones (EPZs) play a critical role in driving industrialization, creating jobs, and fostering economic growth. Both zones offer incentives to investors, [...]
