CBK Accepts KSh 11.8 billion from Second Jan T-Bonds Tap Sale
Central Bank of Kenya (CBK) collected KSh 11.76 billion from the second January Treasury Bonds tap sale where it was seeking KSh 15 billion after floating a three-year and five-year [...]
Kenya Mulls Debt Swap Ahead of $2 Billion Eurobond Debt Deadline
Kenya's Government is said to be in talks with interested parties that will see Nairobi strike a deal that will allow it to channel funds into social projects. With the [...]KUSCCO Fires MD in Clean-Up, Inter-lending Facility Comes Under Scrutiny
The Kenya Union of Savings and Credit Cooperative Society Ltd (KUSCCO) fired its Group Managing Director, George Ototo, as well as the National Chairman, George Magutu, earlier this week. KUSCCO [...]IMF Approves US$684.7 million to Kenya
The International Monetary Fund (IMF) has approved immediate disbursement of US$684.7 million to the Kenyan government. “Kenya’s performance under the ECF/EFF arrangements have been mixed with adherence to quantitative targets [...]
Flydubai Launches Direct Mombasa-Dubai Flights
Dubai-based carrier, Flydubai, has launched direct flights from Dubai to Moi International Airport (MIA), Mombasa, marking a milestone as the first airline from the UAE to operate direct flights to [...]Oikocredit Invests € 7.5M (UGX 30B) in Brac Uganda Bank
Impact investor Oikocredit has announced a loan of UGX 30 billion (€ 7.5 million) to BRAC Uganda Bank to support the growth and development of micro and small businesses. “The [...]Heri Holdings Acquires Nova Academies Tatu City After Approval
Heri Holdings has acquired Nova Academies Tatu City Property Limited following an approval by the Competition Authority of Kenya. “As per the parties’ submissions, this transaction will not elicit negative [...]Telkom, Airtel Offer Subscribers Raw Deal as Duo Fail Quality of Service Test-CA Report
Telkom Kenya and Airtel are giving their subscribers a raw deal in quality of services, a new survey by the Communications Authority of Kenya (CA) has found. “Aging Base Transceiver [...]Kenya Government Creates Single Wallet' for State Funds
The government will now have a view of all available cash balances at any given time across all Ministries, State Organs, State Departments, Agencies and other government entities, following Cabinet [...]Kenya Shilling Slide Against USD Hurts Consumers, Investors and Importers
The Kenya Shilling was quoted at an indicative rate of 160.1846 against the US$ by the CBK when the forex markets opened this week. This marks the first time the [...]Kenya-Tanzania Lock Horns Over Aviation Rights
Diplomatic relations between Nairobi and Dar es Salaam are once again under strain following a decision by the Tanzania Civil Aviation Authority (TCAA) to rescind approvals for Kenya Airways (KQ) [...]Safaricom's Spark Accelerator Opens Doors for Tech Startups
Safaricom, M-PESA Africa, and Sumitomo Corporation have invited early stage tech startups to join the Spark Accelerator program, which aims at accelerating early-stage startups to grow and scale their businesses. “ [...]
