Uganda Parliament Pensions Scheme to Reduce Equity Investments in Kenya
Uganda's Parliamentary Pensions Scheme (PPS) is considering reducing its investments in Kenya due to macroeconomic challenges. “Wepropose to reduce allocation on stocks listed on Nairobi Securities Exchange and selectively reallocate [...]
Schneider Electric Kenya Appoints Ifeanyi Odoh as President
Schneider Electric Kenya has replaced Carol Koech with Ifeanyi Odoh as its new Country President effective February 2024. “We look forward to tapping into the institutional knowledge and experience gained from [...]
Govt Agency Proposes One Stop One Go Centre for Investors
A new bill that proposes to establish Kenya Investment Corporation and operationalize a centralized facility for purposes of providing government services and regulatory requirements for investors is currently undergoing public [...]Kenya's Financial Systems Grey Listed by International Crime Watchdog
Kenya’s system in dealing with money laundering, countering the financing of terrorism, and weapons of mass destruction has been put in question by an international crime watchdog. “At this Plenary, [...]Startups to Capitalize on Incentives at TRIFIC SEZ Innovation Hub
Service sector businesses operating within the TRIFIC Special Economic Zone will reap the benefits of tax incentives, world-class facilities, and the SEZ's One-Stop-Shop business services centre to optimize their competitiveness [...]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 $1.5bn Eurobond and the over subscribed KShs. 75 billion infrastructure bond [...]Here's What's Happening to the Kenya Shilling
The Kenya Shilling continues to soar against the USD as local investors dump dollars on bets that the greenback shortage is over. The Kenya Shilling has rallied against the greenback [...]
EPRA Cuts Feb-Mar Fuel Prices by KSh 1 per Litre
EPRA (Energy and Petroleum Regulatory Authority) has reduced the price of petrol, diesel and kerosene by KSh 1.00 per litre, reflecting a drop in the price of world crude oil [...]Eyes on EPRA as Global Fuel Prices Drop
Expectations are that the Energy Regulatory Authority (EPRA) will once again review downward fuel prices at the next review, scheduled for 15th February 2024. Murban crude, which is drilled from [...]Private Firms, State Agencies Cling to Ksh241bn Unclaimed Assets
The Unclaimed Financial Assets Authority (UFAA) is yet to receive Ksh241B of unclaimed assets from public agencies and private firms, making it difficult to reunite beneficiaries with the Funds. According [...]Kenya Floats Tender for Maturing US$ 2 Billion Eurobond
Kenya has announced a tender offer for its US$ 2 billion, 6.875% notes that are due to mature this June 2024. Receipt by Citibank NA London of all of the [...]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 [...]
