Kenya’s Public Debt Burden Worsens with No End in Sight
Kenya’s Public Debt Serving Cost is growing fast with experts raising fears that if the Kenya Shilling exchange rate against the US dollar continues on its current slide, by a [...]
CBK Collects KSh 43.6Billion at Weekly T-Bills Auction, 186% Oversubscription
The Central Bank of Kenya(CBK) accepted bids worth KSh 43.6 billion at the Weekly Treasury Bills Auction conducted this Thursday 17th August 2023 after receiving bids worth KSh 44.7 billion, [...]Kenya Stock Market Upbeat on Return of Foreign Investors
The Nairobi Securities Exchange (NSE) expects increased activity following significant efforts to bring back foreign investors, who are for long dominated trading at the bourse. Figures from the Capital Markets [...]Kenya's Strategy for Carbon Market Dominance
In recent years, Kenya has been diligently carving a niche for itself in the global fight against climate change. The country's proactive approach, highlighted by the establishment of a burgeoning [...]NMG's 2nd Share Buyback Aims to Counter Undervaluation and Reward Shareholders
Shareholders of Nation Media Group are poised to benefit from the listed firm's second share buyback program, run by Faida Investment Bank. The firm expects to shore up its share [...]Nairobi Coffee Exchange to Resume Trading as Major Millers Keep Off
The Nairobi Coffee Exchange (NCE) is set to resume operations after fulfilling stringent conditions laid out by the Capital Markets Authority (CMA). Figures from the CMA indicate that some 11 [...]CBK Accepts Bids Worth KSh 47.8 Billion at Weekly Treasury Bills Auction
Central Bank of Kenya(CBK) received bids worth KSh 47.9 billion at the Weekly Treasury Bills Auction, out of KSh 24 billion offered to investors with the CBK accepting bids worth [...]Market Snapshots: Top Things To Know In The Global Markets This Week (7-11 August)
Last week, the Fitch credit rating agency downgraded US long-term debt from AAA to AA+ which stimulated a negative week for the Nasdaq 100, SP 500, and the DJIA 30 [...]
Moody’s Comments on Kenya’s Eurobond Buyback Plan ‘Speculative’ APRM
Moody’s Credit Rating Agency comments on Kenya’s planned buyback of its Eurobond debt as a default, has been dismissed as highly premature, speculative and damaging by the African Credit Rating [...]Kenya’s Economy Feels the Heat of Street Protests in July PMI Index
Kenya’s Private Sector activity recorded a deeper slowdown in July as businesses consumers cut their spending due largely to political protests which made a huge dent on demand. This is [...]CBK Seeks KSh 40 Billion in August T-Bonds Tap Sale
The CBK has floated two fixed coupon Treasury Bonds in the month of August, as it seeks KSh 40 billion for budgetary support. Investors are required to obtain details of [...]East Africa To Register Highest Economic Growth in 2023/4
East Africa will register the highest regional economic performance on the continent in 2023 and 2024, with growth figures at over 5 percent, according to the newly published African Development [...]
