Moody's Downgrades Kenya's Credit Rating after Finance Bill Collapse
The American credit rating firm, Moody's, has rated the Kenyan government at Caa1 a drop from the B3 level after it announced foregoing revenue-raising measures in the Finance [...]
Shilling Remains Stable, Jittery Market Sentiments
Last week, the shilling strengthened marginally against the US Dollar closing the week at 128.5 from 129.5 the previous week. With the growing risk of Kenya’s fiscal sustainability at hand, [...]Former NSSF Investment Manager Fined KShs. 2.5bn
Former National Social Security Fund (NSSF) investment manager Francis Zuriel Moturi has been fined more than KShs. 2bn after the High Court threw out his appeal against a ruling by [...]
Investors Shy Off CBK Tap Sale, T- bills Oversubscribed
The government raised KSh 486.5 million against the targeted KSh 20 billion in the July tap sale issue of the FXD1/2023/002, missing the target by 97%. Nevertheless, weekly treasury bills [...]Business Confidence Slips to its Lowest Since February PMI
The health of Kenyan private sector economy deteriorated in the month of June, with business confidence slipping to its lowest since February. Although Kenyan firms also saw a renewed increase [...]Packaging Solutions Company SKL Group to List on the NSE
Shri Krishana Overseas (SKL Group), a packaging solutions and shoe manufacturing company, has announced its intention to list by introduction on the Nairobi Securities Exchange's (NSE) Growth Enterprise Market Segment. [...]What are the Best Trading Apps for Kenyans?
In recent years, the trading market in Kenya has experienced substantial growth, driven by increased internet accessibility, financial literacy, and a growing interest in alternative investment opportunities. This surge has [...]Investors Get 45 Day-Window as Stanlib Kenya Fund and REIT Managers Wind Down
The public has a 45 day window to raise any unresolved and outstanding issues with Stanlib Kenya Fund and Reit Managers, Capital Markets Authority (CMA) has advised. “It is notified [...]Shilling Remains Stable Despite Political Upheaval
Last week, the shilling weakened marginally against the US Dollar closing the week at 129.5 from 128.6 the previous week. “The successful partial refinancing of the Kenya 2024 Eurobond delivered [...]CFD Trading: A Promising Career Path for Young Africans
In recent years, the financial landscape in Africa has been evolving rapidly, with technology and internet access paving the way for innovative opportunities. One such opportunity that holds significant promise [...]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 [...]
