CBK's August Infrastructure Bond Reopening Draws Record KSh 323.4Bn in Bids
The August infrastructure bond sale drew unprecedented investor interest, with bids exceeding the offer by KSh 233.4 billion. The near-13% yields for both tenors add to their appeal, especially amid [...]
KCB Declares Special Dividend as H1 Profit Rises 8% to KSh 32Bn
KCB Group has posted a KSh 32.33 billion profit after tax for the first half of 2025, an 8.05% jump from the same period last year, supported by a stronger [...]EAC-ECOWAS Trade Doubles as Region Records Trade Surplus in Q1 2025
The share of East African Community (EAC) trade with the West African-bloc ECOWAS nearly doubled in the first quarter of 2025, rising from 0.7% to 1.3% in the period, highlighting expanding commercial ties and increasing momentum in [...]
Airtel Africa, Vodacom Strike Infrastructure Sharing Deal to Speed Up 4G and 5G Rollout
Airtel Africa and Vodacom Group have signed a multi-market infrastructure sharing agreement to extend coverage, lower costs, and accelerate high-speed network rollouts in Mozambique, Tanzania, and the Democratic Republic of [...]Car General H1 Profit Soars 920%, Declares Rare Interim Dividend
Car General Kenya Plc has posted a 920% increase in profit after tax from KSh 62 million in H1 2024, to KSh 637 million for the six months ended [...]Kenya's Wealthy Get Smart Homes While the Poor Are Left Behind
In a new report, the 2023/24 Kenya Household Survey (KHS) data reveals a stark digital socioeconomic divide in the adoption of smart home technologies across the country. “The increasing integration [...]Treasury Rejects KSh 468bn Nairobi–Mombasa Expressway Proposal
The Public–Private Partnership (PPP) Committee has rejected the proposal to build a 459-kilometer expressway between Nairobi and Mombasa, citing failure to meet the legal and technical requirements of the country’s [...]Kenya, Iran to Resolve Tea Export Ban in 60 Days After Quality Scandal
Kenya and Iran have set a 60-day deadline to settle a tea export row, aiming to reopen one of Kenya’s key markets and revive earnings for farmers and exporters hit [...]CBK Cuts Policy Rate to 9.50%, 7th Straight Cut and Lowest Since May 2023
The Central Bank of Kenya's Monetary Policy Committee (MPC) has lowered the Central Bank Rate (CBR) by 25 basis points to 9.50%, the seventh consecutive cut since November 2024 and [...]HoneyCoin Raises US$4.9 Million Seed Round To Scale Stablecoin Payments Across Africa
HoneyCoin, a Nairobi-based fintech startup, has secured US$4.9 million in a seed funding round led by Flourish Ventures, with participation from Visa Ventures, TLcom Capital, and other global and regional [...]Kenya Ports Authority Moves to Clear 270 Long-Stay Containers to Boost Efficiency
The Kenya Ports Authority (KPA) has launched a sweeping cleanup at the Port of Mombasa, ordering the removal of long-stay containers and condemned cargo in a move aimed at easing [...]Treasury Taps Private Sector to Bridge KSh 336Bn Infrastructure Funding Gap
The Kenyan government has announced a major push to leverage public-private partnerships (PPPs) to address the nation's pressing infrastructure deficit. We require an estimated Kshs. 560 billion annually to develop and maintain [...]
