Kenya Prepares Return to International Capital Markets
Kenya's National Treasury has appointed Citi and Standard Bank as joint lead managers to assess potential international US$ capital markets funding and liability management options for Kenya. In the absence [...]
NSE Admits First Islamic Product on its Unquoted Securities Platform
The Nairobi Securities Exchange PLC (NSE) has approved the listing of Linzi Sukuk on the bourse’s Unquoted Securities Platform (USP), making the product the first Shari’ah-compliant product to be admitted [...]KCB Group: What’s in a Valuation?
In the ever-evolving landscape of banking and finance, the Nairobi Securities Exchange (NSE) has witnessed a significant shift in the valuation race, with some of the largest companies facing a [...]
M-PESA Drives Safaricom Half-Year Profit to Ksh 34.2 billion
In September, Ethiopia average data usage at 4.3 gigabytes per customer was higher than Kenya's 3.7 gigabytes.
Sasini Issues Profit Warning, Cites Recession in Key Markets
Macadamia and avocados contributed nearly a third of the Sasini’s net profit posted in 2022, which shows the potential of the two crops in lowering the contribution of coffee and tea in total revenue.Our Debt Levels are Sustainable, Kenya Says.
The government has moved to address concerns that it might default on its debt obligation with questions around the maturity of Eurobond mid-2024. Deputy Central Bank of Kenya Governor Susan [...]Capital Markets Authority Licenses Three New Intermediaries
The Capital Markets Authority (CMA) hasissued licenses toArvocap Asset Managers Limitedand Myxeno Investment Management Limited to operate as fund managers.The regulator has also licensed Kingdom Securities Limited as an authorised [...]Weak Business Confidence Diminishes Job Prospects in October: PMI Survey
The business confidence in Kenya remained weak in the month of October largely affected by rising cost of living linked to new fuel prices and the ongoing currency weakness. According [...]Capital Markets Authority Foresees More Policy Measures to Curb Inflation
The Capital Markets Authority is anticipating more policy measures to control inflation from the Central Bank of Kenya following emerging developments across the globe. The regulator says the conflict between [...]Navigating the Complex World of the Voluntary Carbon Market
I am part of a climate network where the VCM (Voluntary Carbon Market) is a regular source of heated debate. Particularly since The Guardian (and other publications) continually make severe [...]
NewGold Records US$ 1.5Million Half-Year Net Profit
NewGold Issuer (RF) Limited, a South African firm listed at the Nairobi Securities Exchange (NSE), recorded a net profit of US$1.5 Million for the half-year period ended September 2023. Trading [...]BAT Kenya Announces Changes to its Board Of Directors
British American Tobacco (BAT) Kenya Plc, a listed tobacco manufacturer, has announced several changes to its board of directors. In a statement, the firm said it had appointed Phyllis Wakiaga [...]
