Kenya’s Foreign Reserves Hit Record US$ 12Bn After Eurobond
Kenya’s usable foreign-exchange reserves have risen to an all-time record of USD 12.07 billion (KSh 1.56 trillion), the highest level ever recorded since weekly disclosures began. Eurobond Proceeds Drive the [...]
Kenya Power Shares Slide 20% After FY2025 Results
Kenya Power shares have retreated sharply after a record rally, closing October 15 at KSh 12.15, a 19.8 % dip since the release of FY2025 results on October 7. The [...]Global Index Provider FTSE Russell Upgrades Nairobi Securities Exchange
The Nairobi Securities Exchange has secured a landmark upgrade from FTSE Russell, earning a “Pass” rating on the Efficient Trading Mechanism criterion—a move that affirms Kenya’s capital-market reforms and strengthens [...]Merger Buzz Rallies NCBA to KSh 124Bn Valuation
NCBA Group Plc shares rallied to a record high after Bloomberg reported that Standard Bank Group’s Kenyan unit, Stanbic Holdings Plc, is in talks to acquire the lender. The lender’s [...]Quick Mart Owners Expand Into Insurance With Minet Mauritius Deal
Bima Holdings Ltd, an investment vehicle backed by Mauritius private-equity firm Adenia Partners, has secured regulatory clearance from the Competition Authority of Kenya (CAK) to acquire 100% of Minet (Mauritius) [...]Stanbic, NCBA Discuss KSh1.1 Trillion Merger
Standard Bank Group’s Kenyan unit, Stanbic Holdings Plc, is in talks to acquire NCBA Group Plc in a transaction that would create Kenya’s third-largest lender with assets of about KSh [...]Ten-Year Gas Cylinder Battle Exposes Gaps in Kenya’s War on Counterfeits
When Francis and Robert Wanyange first saw Anti-Counterfeit Authority (ACA) officers tow away their Toyota Hilux and 82 gas cylinders from Industrial Area on a chilly July morning in 2015, [...]
Court Rules Against Kenya Breweries in KSh 513Mn Excise Duty Dispute
Kenya Breweries Limited (KBL) will have to pay KSh 513 million to the Kenya Revenue Authority (KRA) after the High Court overturned a ruling that had earlier spared the brewer [...]Kenya’s Public Debt Rises to KSh 11.97 Trillion
Kenya’s total public debt rose to KSh 11.97 trillion at the end of August 2025, equivalent to 67.4% of GDP, according to the National Treasury’s Monthly Debt Bulletin. External Debt [...]Mi Vida Management Buys Out Actis Stake
Mi Vida Homes has announced a management-led buyout from Actis, the global sustainable infrastructure investor. “This is the first such transaction involving a residential development platform in our market,” said [...]COMESA Probes Wasoko–MaxAB Merger
The regional competition watchdog for Eastern and Southern Africa has opened an inquiry into the merger between Kenya’s Wasoko and Egypt’s MaxAB B.V., a deal that created one of Africa’s [...]EABL to Redeem KSh 11 Billion Note a Year Early, Ending Record 2021 Issue
Four years after raising KSh 11 billion in a record 345 percent-subscribed issue, East African Breweries PLC(EABL) will buy back the bond on 29 October 2025, a year before maturity. [...]
