Kenya Shilling Exchange Rate Overvalued Against US$, says CBK Governor
Kenya's Central Bank Governor, Dr Kamau Thugge, has disclosed that the Kenya Shilling exchange rate against the US dollar and other hard currencies has been artificial and overvalued, exerting extreme [...]
KRA to Collect Ksh1.1 Trillion From Large Taxpayers in FY 2023/24
Large taxpayers are firms or individuals with an annual income of up to KSh 1.3 Billion
BAT Kenya Announces Changes to its Board Of Directors
British American Tobacco (BAT) Kenya Plc, a listed tobacco manufacturer, has announced several changes to its board of directors. In a statement, the firm said it had appointed Phyllis Wakiaga [...]Tala Picks Annstella Mumbi as GM for Kenya
Waiting in Annstella Mumbi’s in-tray is steering the company steady as the digital lender seeks to transition into a full-service financial services provider over the next year.IMF Seeks Replacement as Dr. Nancy Onyango Prepares to Exit
In mid-2023, Dr Onyango was shortlisted to replace Dr Patrick Njoroge as Central Bank of Kenya Governor.CBK Seeks KSh 50 Billion in 6.5 Years Infrastructure Bond
The Central Bank of Kenya (CBK) has floated a six-and-a-half-year Infrastructure Bond worth KSh. 50 billion for funding of infrastructure projects in the 2023/24 budget estimates. According to the CBK [...]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.Vivo Fashion Group Joins NSE Ibuka Program
Vivo Fashion Group, established in 2011, is a ladies' fashion brand that has 24 retail stores across Kenya, Rwanda, and Uganda. It employs over 360 employees, 70% of whom are women.Communications Authority Director General Ezra Chiloba Resigns
Suspended Communications Authority of Kenya (CA) Director General Ezra Chiloba has resigned, two years after his appointment to the position. The Authority’s Board of Directors said Chiloba resigned on Wednesday [...]Shelter Afrique is now a Development Bank
Shelter Afrique's shareholders have approved plans to elevate the Pan-African Housing and Urban Development Financier into a dynamic Development Bank during the Extraordinary General Meeting (EGM) held in Algiers, Algeria. [...]Safaricom Completes Acquisition of Entire M-Pesa Holding Company Shares
Safaricom has completed transaction for acquisition of the entire issued share capital of M-Pesa Holding Limited from Vodafone International Holdings BV. M-Pesa Holding is the corporate trustee responsible for holding [...]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 [...]
