Explainer: What are Carbon Credits?
Every unit of carbon avoided or removed generates demand and can be sold like any other commodity in an open market.
Safaricom Completes Acquisition of Entire M-Pesa Holding Company Shares
Safaricom has completed transaction for acquisition of the entire issued share capital of M-Pesa Holding Limited from Vodafone International Holdings BV. M-Pesa Holding is the corporate trustee responsible for holding [...]
Mi Vida Homes Signs Deal with IHS Kenya for Green, Affordable Housing
International Housing Solutions (IHS), a private equity fund manager investing in green affordable housing across Sub-Saharan Africa, has, through its Kenya Green Housing Fund, signed an agreement with real estate [...]Kenya’s Strategy to Redeem KSh 299B Eurobond in June 2024
Kenya’s National Treasury Cabinet Secretary Prof. Njuguna Ndung’u has disclosed an elaborate strategy by the Government to settle the US$ 2 billion (KShs 299 billion) Eurobond that matures in June [...]
Rwanda, Qatar Extend Deal on Financial Sector Development
The Qatar Financial Centre Authority (QFCA) and Kigali International Financial Centre have renewed their agreement to jointly foster financial sector development in their respective regions. The QFC and Kigali International [...]Kenya’s Economic Growth Momentum Slows in September PMI
Kenya’s economic activity moved at a sluggish pace in September as rising fuel prices and a rapidly depreciating Kenya Shilling exchange rate against the US dollar, hurt businesses and consumers. [...]Nairobi Securities Exchange Seeks New CEO As Geoffrey Odundo Prepares Exit
The Nairobi Securities Exchange (NSE) is searching for a new Chief Executive Officer, to replace Geoffrey Odundo whose term ends in March 2024 following a one-year extension. Appointed in March [...]EU Sets Sh6.3B to Unlock Potential of Agribusinesses Within EAC
Small businesses in the agriculture sector within the East African Community (EAC) are targeted in a Sh6.3 billion (€40 million) second phase market access upgrade programme (MARKUP II). The European [...]Kenya’s Economy to Grow by 5.6% in 2023 AfDB
Kenya’s Gross Domestic Product (GDP) is projected to grow 5.6% in 2023 and 6.0% in 2024, driven by services and household consumption. According to the latest Economic Outlook for Kenya [...]Kenyan firms with Dollar-Denominated Loans Worst hit as Shilling Weakens
Kenyan firms with US dollar-denominated loans, as well as imported raw materials, have seen a sharp rise in their finance costs, eroding their profit margins and investments, as the Kenya [...]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 [...]
