February Bond Reopening Draws KSh 213bn in Bids as Govt Leans on Domestic Funding
Ziidi Trader Drives Record NSE Trades and Back-to-back KSh 1bn Days
Trading at the Nairobi Securities Exchange has reached historic levels after the rollout of Safaricom’s Ziidi Trader. Equity deals settled at a record 25,700 on 11 February, up sharply from the usual 4,000–7,800 range seen before the pilot began on 5 February. Turnover topped KSh 2.44 billion on 10 February and KSh 1.83 billion on 11 February, only the second back-to-back KSh 1 billion streak this year. Foreign investors were net buyers, NASI hit a new high of 209.65, and heavy activity centred on Safaricom and Kenya Power as retail participation widened.CMA Licenses Six New Investment Banking, Stockbroking, and Advisory Firms
The Capital Markets Authority has licensed six firms across investment banking, stockbroking, advisory and platform services. The approvals include an investment bank upgrade for Rock Advisors, a new stockbroker license for Green Margin Capital, three new investment adviser licenses, and a platform provider license for I&M Capital. CMA says the move is intended to expand investor choice, deepen market activity and support growth in Kenya’s capital markets.
CIC Insurance Raises KShs 1.8Bn from Land Sales in Kajiado, Kiambu
CIC Insurance Group has sold 150 acres of land near Tatu City and in Kajiado, raising KSh1.8 billion. The proceeds will enhance the insurer’s liquidity and support its balance sheet optimization strategy.Tether Steps Into Kenya’s Virtual Assets Debate as Regulation Looms
Globally, more than $308 billion worth of stablecoins are in circulation today, with Tether’s USDT accounting for roughly 60% of that total.
Coca-Cola HBC to Acquire Africa's Largest Coca-Cola Bottler at US$ 3.4bn Valuation
Coca-Cola will sell 41.52% out of its 66.52% stake in CCBA to Coca-Cola HBC, and Coca-Cola HBC is acquiring 33.48% of CCBA that is held by GFIM-PESA Africa Chief Sitoyo Lopokoiyit Joins Absa Group
Absa Group has appointed Sitoyo Lopokoiyit, the outgoing Managing Director of M-PESA Africa, as Chief Executive of its Personal and Private Banking division.CBK Delivers 10th Interest Rate Cut on Stable Inflation, Lower Bad Loans
Cabinet Backs KSh 4.7 Trillion Budget, Triggers Sweeping Reforms after Payroll Scandal
KenGen's Half Year Profit Drops 20% Despite Higher Sales
Dutch Feed Maker De Heus Kenya Invests KSh 3bn in Athi River Plant
De Heus Kenya, a Dutch animal feed company, will commission a KSh 3 billion animal feed manufacturing plant in Athi River later this monthLC Waikiki to Pay KSh 15.5 Mn After Court Finds Binding Deal by Conduct
Justice Njoki Mwangi ruled that a binding commercial relationship arose between the two companies through their conduct, meetings and implementation planning even though a formal logistics agreement was never signed.
