UK Approves KSh8 Billion for Kenya Govt’s Affordable Housing Program
The United Kingdom has approved KSh8 billionfor the Kenya Government's Affordable Housing Program, as part of the Government's support of President Uhuru Kenyatta's vision of providing 100,000 units to Kenyans. [...]
Treasury Disburses Ksh 24 Billion to Counties
The National Treasury has disbursed Ksh 24.6 billion to county governments as part of the equitable share. The funds will help cash strapped counties to pay suppliers, and salaries among [...]UK's CDC Group to Invest KSh110 Billion in African Businesses
CDC Group, a UK funded impact investing organization, intends to invest $1 billion (KSh110 billion) in African businesses in 2021 according to an interview with Bloomberg. The company has its [...]
Competition Authority Launches Informant Reward Scheme
The Competition Authority of Kenya (CAK) has launched the Informant Reward Scheme, a program meant to provide financial incentives to persons with credible and timely information that will help the [...]Housing Finance Receives Ksh 1B Capital Boost to Back Retail and SME Lending
Housing Finance Group has received a Ksh 1 billion Capital Injection from its majority shareholder Britam Holdings to back its diversification, moving towards a full-service offering. Housing Finance CEO says [...]SMEs to cushion against pandemic as banks rush to the rescue
Small and medium-sized enterprises (SMEs) are becoming a favourite spot for lenders as each bank crafts a cash vault for this segment. The latest commercial Bank to enter the fray [...]
China Delays Kenya's Ksh 27B Debt Repayment
China has postponed debt repayment for Ksh 27 billion ($245 million) due in the first six months of 2020. Treasury CS Ukur Yattani confirmed the agreement to defer the debt, [...]Foreign Investors Pull KSh28.6 Billion from NSE in 2020
Foreign investors pulled out their investments from the Nairobi Securities Exchange (NSE) at a record pace in 2020 as the value of most stocks dipped. Net foreign outflow amounted to [...]CBK's T-Bills Auction Raises KSh 26.4 Billion, a 110.13% Subscription Rate
The Central Bank of Kenya(CBK) yesterday accepted payments for bids worth KSh 26.4 Billion out of the KSh 24 Billion that it had floated at last Treasury Bills Auction, an [...]Renewed Interest in Kenya's Capital Markets as NSE shakes off pandemic woes
The Nairobi Securities Exchange (NSE) recorded a gain of KSh 320 Billion in Capitalization at the end of Q4, 2020. This is after the equities market took a plunge to [...]Investors Pile KSh9.9 Billion in Mutual Funds in Q3 2020
Investors in Kenya stashed their funds in mutual funds in 2020 due to the uncertainty caused by the covid19 pandemic. As a result, assets held in Kenyan Mutual Funds grew [...]Kenya in Fresh Quest for KSh500 Billion for Pipeline Construction
Kenya is in a new quest for$5 billion, seeking to finance the country's development of infrastructure from Lokichar to the coastal region through a public-private partnership. According to Mining and [...]
