Kenya Clears the June 2024 Eurobond
Kenya has cleared the balance US$ 556.97 million of the US$2 billion Eurobond that was due by 24th June 2024, and around which a lot of the fiscal policies have [...]
Kenya’s Forex Reserves Hit 2 Year High
Last week, Kenya’s forex reserves shot up 18.7% to US$ 8,321 million, enough to cover 4.3 months of import cover from US$ 7.012 million, the highest in two years. This [...]Africa Mega Proposes Majority Acquisition of Kenya Orchards
Africa Mega Agriculture Center (AMAC) Limited has proposed to acquire 84.42 percent of the total issued share capital of Kenya Orchards Limited (KOL), an agricultural company listed on the Nairobi [...]Why You Should Consider Contracts for Difference (CFDs) in Your Investment Portfolio
In the ever-evolving world of finance, investors are continually seeking ways to diversify their portfolios and maximize returns. One investment vehicle that has garnered significant attention is Contracts for Difference [...]Shilling Up 17.8% Year to Date
Last week, the shilling strengthened 1.06 percent against the US dollar to 128.66 from 130.04 the week before, according to the CBK Weekly Bulletin. “Our exchange rate is determined by [...]Multichoice Reports 9% Decline in Subscribers and Operational Losses
South African firm, Multichoice has released its annual financial report ending March 31st, revealing a loss before tax of US$ 38 million and a 9% decline in active subscribers of [...]Blackrock Shuts Down iShares Frontier and Select EM ETF (FM) Fund
BlackRock, the world’s largest asset manager, plans to liquidate nine exchange-traded funds (ETFs), including the $401 million iShares Frontier and Select EM ETF (FM) Fund which had invested in Kenya. [...]4G Capital Launches KSh 500Mn Corporate Debt Programme Through Dry Associates Investment Bank
4G Capital, a leading provider of tailored financial solutions to MSMEs in Africa, has announced the successful launch of a Kenya Shilling 500 million debt programme. This milestone was achieved [...]
State Writes-Off KSh 6.8Bn Debt in Coffee Reforms Agenda
The government has written-off historical debts amounting to Ksh6.8 billion owed by coffee farmers nationwide, knocking down one of the many recommendations by the National Task Force on Coffee Sib-Sector [...]State to Divest from 6 Listed Companies
Cabinet has approved the divestiture of the state’s shareholding in six listed firms on the Nairobi Securities Exchange (NSE), including its shareholding in the bourse itself. “The divestiture in the [...]Oil and Gold Markets on Edge: A Week of Crucial Data and Uncertain Policy
The global oil and gold markets are poised for a week of heightened anticipation as critical economic data releases and central bank decisions loom large. These events will shape the [...]IMF Reaches Staff Level Agreement for Kenya's US$ 976 Million
The International Monetary Fund (IMF) has reached a staff level agreement to provide US$ 976 million for Kenya, subject to approval by the IMF Executive Board. During meetings held in [...]
