IMF Approves US$684.7 million to Kenya
The International Monetary Fund (IMF) has approved immediate disbursement of US$684.7 million to the Kenyan government. “Kenya’s performance under the ECF/EFF arrangements have been mixed with adherence to quantitative targets [...]
Fred Mburu Takes the Helm as CEO of Fund Managers Association
The Fund Managers Association (FMA) Kenya, has announced the appointment of Fred Mburu as its inaugural CEO effective January 2024. Mburu previously served as the Chief Executive of Apollo Asset [...]Kenya Shilling Slide Against USD Hurts Consumers, Investors and Importers
The Kenya Shilling was quoted at an indicative rate of 160.1846 against the US$ by the CBK when the forex markets opened this week. This marks the first time the [...]
US Regulator Approves Spot Bitcoin ETFs
In a landmark decision on January 10, 2024, the U.S. Securities and Exchange Commission (SEC) approved the listing and trading of spot bitcoin exchange-traded products (ETPs). The turning point was [...]Kenya’s Export Revenue Grew 19.6% to KSh269.4 billion in Q323
Kenya’s export to neighbouring countries grew in the third quarter of 2023, pushing the country’s total exports to KSh269.4 billion, a growth of 19.6 per cent compared to the same [...]Nairobi Coffee Exchange to be Brought Under CMA Supervision
Nairobi Coffee Exchange (NCE) will soon be placed under the supervision of the Capital Markets Authority(CMA) as it transitions to The Coffee Exchange. This development puts closure to a long [...]Airtel Gains as Safaricom, Telkom, Lose Market Share
Safaricom and Telkom Kenya have lost market shares in mobile and broadband subscription between the months of July to September this year, a new Communications Authority of Kenya (CA) Survey [...]IMF and World Bank Grant Historic $4.5 Billion Debt Relief to Somalia
IMF and World Bank have given Somalia approval for debt relief under the Heavily Indebted Poor Countries (HIPC) Initiative, resulting in $4.5 billion in savings for the country. This move [...]
EAC New App Seeks to Eliminate Regional Trade Barriers
The East African Community has moved a step to eliminating Non-Tarrif Barriers (NTBs) through the introduction of EAC NTBs App. It ensures transparency and quick resolution of issues by engaging [...]Express Kenya, Kakuzi Issue Profit Alerts as More Firms Struggle
Express Kenya and Kakuzi are the latest listed firms to issue profit warnings, an indication of a tough business environment that most businesses find themselves in. “The warehousing operations of [...]African Stock Exchanges Urged to Improve On ESG Ratings
Risk Insights, a leading Environmental, Social, and Governance (ESG) data provider in Africa, has developed Environmental data for six major African exchanges, including the Nairobi Securities Exchange (NSE). Andrey Bogdanov, [...]Cost of Loans to Rise as CBK Rate Changes to 12.50 per cent
The cost of loans is likely to go up following a decision by the Monetary Policy Committee (MPC) to revise upwards Central Bank Rate from 10.50 per cent to 12.50 [...]
