Government Slashes Budget by KShs. 145.7bn
The three arms of government, constitutional commissions and independent offices now have slightly smaller budgets for the current fiscal year after President William Ruto signed the Supplementary Appropriations Bill into [...]
Business Confidence Slips Further in July- Stanbic PMI
The pace of job creation in Kenya’s business sector was slowest in July since the start of the year primarily due to protests, the increase in fuel prices, and tighter [...]How do Islamic Bonds Work?
The first Islamic bond in East and Central Africa has been floated and consequently listed on the Nairobi Securities Exchange, raising KSh3 billion at the first auction. SP Global reported [...]CAK Okays Joint Venture between Kenyan Paper Importer and Foreign Manufacturer
Amstel Trading Company Ltd., which imports photocopy paper into the Kenyan market, is set to establish a paper converting facility in Kenya after the Competition Authority of Kenya (CAK) approved [...]Top 5 Industrial Parks in Kenya
In the early 20th century, Kenya’s colonial administration began laying the groundwork for industrial parks in Kenya's development by recognizing the strategic importance of various locations across the country. The [...]
What Eldoret's City Status Means for Residents, Investors
Eldoret town has become Kenya's fifth official city after Nairobi, Kisumu, Mombasa, and Nakuru, after it was conferred with city status by President William Ruto. While an elevation to city [...]Newsletter: Moody's Downgrades 3 Banks, Eldoret Becomes Kenya's 5th City
Subscribe to The Weekly Brief by The Kenyan Wall Street here. Why Moody's Downgraded 3 of Kenya's Biggest Banks Last month, shortly after downgrading Kenya’s credit ratings, the ratings agency [...]
Fitch Follows Moody's in Downgrading Kenya's Credit Rating
Global credit ratings agency Fitch has downgraded Kenya's sovereign rating to B- from B' on heightened fiscal risks to Kenya's public finances after the government dropped tax measures in the [...]Nation Media Group Reports Ksh 572.2 Million Loss for H1 2024
Nation Media Group (NMG), Kenya's largest listed traditional media house, has reported a loss of Ksh 572.2 million for the first six months of 2024. The company's pre-tax loss of [...]What You Need to Know About Salim Mvurya, CS Nominee For Trade and Industrialisation
President William Ruto has tapped Salim Mvurya, whose career includes experience in non-governmental organizations and politics, to head the Ministry of Trade and Industrialization as its third CS in 20 [...]CBK Raises KShs 23Bn in Weekly Auction as Investors Remain Hesitant
Investors remain hesitant to lend the government even with the high interest rates environment with demand skewed on short term papers. The government received bids worth KSh 24.4 billion against [...]First Five Cabinet Nominees Have Combined Net Worth of Ksh2.5Bn
The first five cabinet nominees appearing before the parliamentary committee chaired by the Speaker Moses Wetangula on Thursday have a combined net worth of roughly KShs. 2.5bn. Appearing before the [...]
