CBK Floats KSh 25.6 Billion Infrastructure Bond
The Central Bank of Kenya(CBK) has floated a KSh 25.6 Billion Infrastructure Bond, to assist the Government finance various infrastructure projects. Sale of this six-year infrastructure bond begun on 14th [...]
KPA Extends Free Cargo Storage Days
Yesterday, the Kenya Ports Authority extended the free cargo storage period to cushion its customers against the impact of Coronavirus. Kenyan Ports Authority wishes to announce to the general public [...]
Kenya Negotiates With Airlines to Boost Horticulture Exports
Kenya is in talks with 12 airlines to complement the efforts of its national carrier, Kenya Airways, to keep horticulture exports business alive amid the global COVID-19 pandemic. Transport Cabinet [...]Safaricom Ranked East Africa's Most Valuable Firm
Kenya's Telco giant, Safaricom with a market capitalization of $ 10 Billion, has climbed the rankings of Africa's top 250 companies this year from position 14 to 10 according to [...]IMF Money Boosts Kenya's Forex Reserves
Kenya's Forex reserves got a boost following receipt of Ksh78 billion ($739 million) from the IMF drawn under the Rapid Credit Facility (RCF). The funds are meant to help Kenya [...]
KCB to Pump KSh3 Billion Capital into NBK
KCB Group plans to inject up to KSh3 billion fresh capital into the recently acquired National Bank of Kenya(NBK) to assist the subsidiary meet the minimum capital ratios set out [...]Trading 101 Podcast: The Fundamentals of Stock Trading in Kenya
Most Kenyans are not well informed about financial investments, particularly regarding shares and the stock market. In this podcast, the Kenyan Wallstreet Resident Economist sat down with Felix Ochieng, an investment banker [...]
Kenya Moves Closer to Appointing a New Auditor General
The Public Service Commission has shortlisted 10 candidates for the position of Auditor General (AG) scheduling interviews for June 2-3, 2020. Kenya has been without an AG since 27 August [...]Mukami Njeru, TASK’s Vice President, Joins Actuarial Global Body
Mukami Njeru has joined the board of a global actuarial body. She was the only African elected in the Institute and Faculty of Actuaries (IFoA) Council and is expected to [...]Kenya's Return to World Rally Championship Postponed to 2021
Kenya's return to the World Rally Championship (WRC) will take place in 2021 due to the Coronavirus Pandemic. After discussions between the Government, WRC promoter, and the International Automobile Association, [...]Kenya Refrains From G20 Debt Relief Initiative
Kenya will not seek suspension of its debt through the G20 initiative citing restrictive terms. According to Treasury CS Ukur Yattani, the G20 program aimed at suspending bilateral payment obligations [...]IMF Raises Kenya’s Risk of Debt Distress to High from Moderate
The International Monetary Fund(IMF) has raised Kenya’s risk of debt distress to high from moderate in a recent assessment. Kenya's debt stood at 61.7% of GDP at the end of [...]
