Banks Submit Bids to Arrange KSh 150 Billion Kenya Roads Bond
The Kenya Roads Board (KRB) has received bids from a consortium of Citi bank, Absa, Renaissance Capital, Equity Group holdings and Rand Merchant Bank seeking to arrange a Ksh 150 [...]
China Virus Rattles Asian Financial Markets
Financial markets in Asia reeled on concern a deadly virus emanating from China will spread through the region. Four people are reported dead sending panic across Japan, Thailand, South Korea, [...]
Nigeria Removes VAT on Food
Nigeria has announced its decision to exempt food stuff from Value Added Tax (VAT), a move that seeks to ease the cost burden on consumers. This will take effect on [...]President Uhuru Promises Friendly Investment Environment
President Uhuru promised UK investors friendly policies during the recently concluded UK-Africa Investment Summit. The President vowed to remove obstacles limiting business performance, urging investors to venture into sustainable projects [...]Safaricom Clear to Launch 5G
Safaricom is clear to launch 5G services in the country as the Communications Authority plans to call an industry forum for rollout next month. The regulator confirmed Safaricom's plan as [...]Barclays is Finalizing Projects Ahead of the Transition Deadline in June
Barclays Bank of Kenya has completed over 80% of the projects necessary to rebrand into Absa. The bank, operating in 12 markets and about 1,000 branches is looking to finish [...]FSD Africa Invests $3.2M in MFS Africa and Frontclear
FSD Africa Investments has announced a $3.2 million investment into MFS Africa and Frontclear meant to strengthen African financial markets. MFS Africa secured a USD$1.2 million follow-on investment from FSD [...]
Treasury to Deal with Stalled Projects
Treasury's public investment management (PIM) unit at the National Treasury plans to deal with the increasing number of stalled public projects, estimated at over 500. According to a Fiscal Transparency [...]M-pesa Partners with Ria Money Transfer network
The payment landscape of Safaricom subscribers has changed significantly. This follows a money transfer partnership between the mobile phone operator and Ria Money Transfer, a subsidiary of Euronet Worldwide. Kenyans [...]Kenya Secures £1.3B From UK in Investments Deals
Kenya has secured £1.3 billion (KSh170 billion) from the UK in investments deals during the UK-Africa Investment Summit. In this case, the investments will focus on housing, finance, renewables, and [...]Kenya's Acorn Green Bond Starts Trading at LSE
Kenya's first green bond issued by Acorn has today started trading at the London Stock Exchange (LSE), following its official launch by President Uhuru Kenyatta. The bond, therefore, becomes the [...]Kenya Power Awards KSh740 Million Tender to Chinese Firm
Kenya Power has awarded the KSh740 million prepay meter tender to a Chinese firm, Shenzhen Star Instruments Company. Therefore, the firm will supply single-phase prepayment meters to the firm. The [...]
