Municipal Bonds Can Fund Kenya's Infrastructure Projects
Kenya's public debt has grown 14 per cent since January from Ksh5.3 trillion to hit Ksh6 Trillion leaving analysts concerned about debt sustainability. For instance, there is a concern about [...]
UNIDO New Program to Boost Kenya's Exports
The United Nations Industrial Development Organisation (UNIDO) will implement a European Union (EU) funded €3.7 million (Ksh 425 million) Market Access Upgrade Program (MARKUP). The program seeks to enhance market [...]Kenya to Export 500,000 Barrels of Crude oil in February 2020
Kenya plans to export 500,000 barrels of crude oil in its second consignment set for February 2020. The second shipping expects to fetch a better price, owing to a larger [...]
Kenya Power Launches New Live Line Maintenance Programme
Kenya Power has received funding from the World Bank for a project worth KSh2 billion. The funds are meant to support their live line maintenance programme that seeks to reduce [...]Carbacid Earnings Fall to KSh 264 Million
Carbacid Investments recently released their financial statements for the year ended 31st July 2019. The company reported the lowest earnings in 11 years as profit fell by 11.4% to KSh [...]Kenya Power Appoints Bernard Ngugi as New CEO
The Kenya Power Company board of directors has appointed Bernard Ngugi as the Managing Director and CEO of the company with effect from 28 October, 2019. Mr Bernard Ngugi is [...]Repealing Rate Cap Would be Credit Positive Moody's
Analysts at Moodys Investors Service believe that the President's move to reject the Finance Bill 2019 unless parliament scraps the interest rate caps augurs well for Kenya's credit sector. The [...]Nigeria’s Access Bank to Acquire Transnational Bank of Kenya
The Competition Authority of Kenya (CAK) and Central Bank of Kenya (CBK) has okayed Access Bank proposal to acquire 93.57 per cent of Kenyan based lender Transnational Bank Ltd. Access [...]KenGen's Full Year Results to be Delayed By a Month
The Kenya Electricity Generating Company PLC (KenGen) will delay the publication of audited financial results for the financial year ended June 30, 2019, as it awaits the appointment of the [...]Twiga Foods to Expand into West Africa as Goldman Sachs Joins Board
Twiga Foodshas received $30 million from lenders and investors led by American Investment Bank Goldman Sachs. The food distribution firm is planning to grow its reach to cities outside Nairobi [...]Equity Bank Partners with AGCO to Fund Agribusiness
Equity Bank has partnered with AGCO so as to give agribusiness financing on tractors to farmers. In the partnership, the lender will give its customers up to 80% financing which [...]Kenya's Public Debt Hits KSh 6 Trillion
Kenya's total public debt has hit the 6 trillion mark, growing steadily by 14% from KSh 5.3 trillion at the beginning of the year. A massive chunk of the country's [...]
