Kenya faces looming Debt Crisis as its first Eurobond Matures in 2024 Report
Kenya risks going the way of Ghana Greece and Sri Lanka if its current public debt load is not lessened, ahead of the first Eurobond it issued, which matures in [...]
Kenya's Markets Regulator Approves first Sukuk Bond
The Capital Markets Authority (CMA) has approved the issuance of the country's first-ever Sukuk Bond by Linzi Finco Trust. The Sukuk targets to raise KSh. 3 billion and proceeds from [...]
CMA to Hold Electronic Annual National SME Workshop
Capital Markets Authority(CMA) is set to hold the 4th virtual national annual Micro, Small Medium(SMEs) workshop on 20th September 2023. According to CMA Chief Executive Officer Wyckliffe Shamiah, SMEs [...]CBK Restricts Sale of Foreign Exchange to USD 100,00
The Central Bank of Kenya has issued new orders in the foreign exchange market targeting the activities of Money Remittance Providers (MRPs). In a banking circular, Central Bank of Kenya [...]
EABL Under Probe Over Sale of Additional Shares to UK’s Diageo Plc
The East Africa Breweries Limited(EABL) top management has been placed under scrutiny by the Senate over the acquisition of an additional 15% shares in the giant brewer by its majority [...]President Ruto Officially Launches Central Securities Depository Dhow (DhowCSD)
President William Ruto has officially launched the Central Securities Depository Dhow (DhowCSD) that allows investors to transact electronically, The development of the Central Securities Depository Dhow cements the Government’s Plan [...]Sanlam and Allianz Merger in Africa Takes Effect
In a move aimed at strengthening their presence on the African continent, Sanlam Limited and Allianz SE have announced the creation of the Sanlam Allianz Africa joint venture after receipt [...]Kenya's Thriving Carbon Credits Market Sees 2nd Major Transaction in 3 Months
CYNK, a Nairobi-based platform, has announced it has successfully facilitated the trading of over two million carbon credits derived from the Tamuwa renewable biomass project. Tamuwa, one of Kenya's prominent [...]Climate Summit: Credit Rating Agencies ‘destroying African economies’ Leaders
Credit rating agencies and multilateral lending institutions came under fire over their business practices at the Africa Climate Summit (ACS). Sudanese-British billionaire businessman Mohammed Ibrahim and Kenya President William Ruto [...]Nairobi Securities Exchange Introduces Two New Market Indices: N10 and NSE-BI
The Nairobi Securities Exchange (NSE) has introduced two new market indices: the NSE 10 Share Index (N10) and the NSE Bond Index (NSE-BI), saying the move is aimed at enhancing [...]Britam Holdings HY 2023 Net Profit up 300% to KSh 1.6 billion
Britam Holdings Plc recorded a rise in half-year net profit to KSh 1.6 billion at the close of the six-month period ended 30th June 2023 from KSh 377.9 million in [...]Pan-African Fund Managers' Association (PAFMA) Launched to Boost Cross-Border Collaboration in African Financial Markets
The Pan-African Fund Managers' Association (PAFMA) has been officially launched today in Nairobi, ushering in a new era of collaboration among fund managers across the continent. The founding members of [...]
