Global Investment Research Firm MSCI Upgrades Co-op Bank, Four Others, to Frontier Markets Indices
The Morgan Stanley Capital International (MSCI), the premier global investment research firm, has promoted Co-operative Bank of Kenya (CO-OP) to the MSCI Frontier market Index (FM), and four other stocks [...]
Newsletter: Kenya Preps for US Trade Deal, Afreximbank's $40bn Trade Financing Plan
Here's what you need to know to start your week Kenya Targets Global Manufacturers as Trade Deal With US Nears US-Kenya trade deal is set to be ready by October, [...]
Inside Adani's US$ 1.84 Billion JKIA Proposal
Adani Airport Holdings Limited (AAHL), an Indian based company, has proposed to invest US$ 1.84 billion to expand and run the Jomo Kenyatta International Airport (JKIA), the Kenya Airport Authority [...]New Livestock Bill Outlines Strict Fines for Unregistered Farmers, Tightens Production
The proposed Livestock Bill 2024 introduced by Kikuyu legislator, Kimani Ichung'wa, will constitute a new Authority mandated to regulate inputs and products of all forms of livestock including cattle, pigs, [...]Bayer Completes Exit of Pharmaceutical Business Model in East Africa
Bayer East Africa has completed transformation of its Pharmaceuticals and Consumer Health business models in East Africa. Speaking about the transformation, Jorge Levinson, Bayer’s Cluster Lead for the Pharmaceuticals Division [...]Minka: A Fintech's Story From Latin America to Africa
Minka, a Colombian fintech that recently announced operations in the region, is trying to resolve the complexities of interbank transactions.Higher Capital Limits Put 25 Banks on Edge
25 licensed Kenyan commercial banks, more than half of the 39 licensed commercial banks, will have up to three years to raise their core capital to the new KShs. 10bn [...]Microfinance Banks' Losses Rise to KSh 2.4Bn
Kenya’s Microfinance Banks (MFBs) sank deeper into loss territory making a combined KSh2.4 billion loss before tax as at December 31, 2023, compared to a loss of KSh980 million as [...]Kenya's Currency and Dollar Bonds Weaken Due to Protests
On Tuesday, business activities in various parts of Kenya came to a standstill as demonstrators took to the streets to protest against the government on multiple issues. The impact of [...]Inside Amsons Group's KShs 23.59bn Buyout Offer for Bamburi Cement
Amsons Industries, a subsidiary of Tanzanian conglomerate Amsons Group, will consider delisting Bamburi Cement from the NSE once it gets more 75% or more acceptance to its KShs. 23.59bn buyout [...]ILAM Fahari I-REIT Lists on the NSE's Unquoted Securities Platform
ICEA Lion Asset Managers (ILAM) Fahari I-REIT has been admitted to the Unquoted Securities Platform(USP) of the Nairobi Securities Exchange(NSE), following their delisting from the Main Investment Market in February [...]EACC Locks Horns with Senate over Conflict of Interest Bill
The Ethics and Anti-Corruption Commission (EACC) is warning of a new wave of corruption should the National Assembly pass Conflict of Interest Bill as proposed by the Senate. Other highlights [...]
