Media Ad Spend Hits KSh 16 Billion, Television Takes Lion's Share
Television medium remains favourite platform for brands placement, as out of KSh16 billion industry advertisement budget between July-September 2023, KSh10.9 billion was channeled to television stations. The surge in TV [...]
Stanbic CEO: Eurobond Demand Reflects Investors’ Confidence in Kenya
Standard Bank Group acted as joint lead manager and bookrunner for the Republic of Kenya’s new $1.5 billion Eurobond and joint dealer manager for the concurrent tender offer of $1.4 [...]Frank Mwiti Appointed New CEO of NSE
Frank Mwiti, the Eastern Africa Markets Lead Partner at Ernst Young, will succeed Geoffrey Odundo as the CEO of the Nairobi Securities Exchange (NSE). Mwiti is a dynamic [...]
What Experts Think of Kenya Shilling's Exchange Rate's Fall
The Kenya shilling's exchange rate against the USD took an extreme swing on Thursday, after news of Kenya's successful $1.5bn Eurobond and the over subscribed KShs. 75 billion infrastructure bond [...]Cabinet Approves Sale of Development Bank of Kenya, 5 Others
The cabinet has approved the sale of Development Bank of Kenya (DBK) and five other non-strategic commercial state-owned enterprises. DBK commenced financing operations in 1964 and for a period of [...]Kenya Issues New Eurobond, Reduces $2b Debt Default Chances
The government has reduced its chances of defaulting payment on $2 billion debt due mid this year after successfully issuing $1.5billion new Eurobond. For instance, Benin issued a 14-year instrument [...]Kenyan Banks More Cautious in Approving Loans- CBK Survey
The uptake of credit is likely to be slow in the early months of 2024, dampened by low business activities due to multiple taxes, expensive foreign currency as well as [...]NSE Gets CMA Nod to Operate a Hybrid Bond Market
The NSE (Nairobi Securities Exchange) is set to operate a hybrid fixed-income market following the approval of amendments to its Fixed Income Trading Rules by the Capital Markets Authority. “The [...]
Safaricom Plc M-PESA Customers in Ethiopia Hit 3.1M in Q3 2023
Safaricom, the leading mobile phone operator in the Eastern Africa region, has posted 3.1 million M-PESA customers since its launch in Ethiopia. “We are now interoperable with 9 banks including [...]Shilling Likely to Stabilise Against US Dollar-CBK
The government has laid down measures to strengthen the Kenya Shillings against the US dollar in consistent with the macro-economic fundamentals. The International Monetary Fund and Trade Development Bank have [...]Companies Hired More in January as Private Sector Activity Nears Stability
Activity within Kenya’s private sector almost moved to the growth territory in January, save for weak client demand and cash flow problems which affected sales at many companies. Purchasing Managers’ [...]Multichoice Rejects Canal Plus' Acquisition Offer
Multichoice board of directors has halted a buyout deal from Canal plus stating that the value of the South African company surpasses the initial offer. Canal Plus has built its [...]
