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New Safety Index Reveals 94% of Kenyan Ride-hailing Users Consider the Service as Safer than Other Transport Modes
Kenya Introduces 0.2% Standards Levy on Locally Made Goods
The Kenyan government has introduced a 0.2% standards levy on locally manufactured goods.
ABSA, Co-op and I&M Hit New Highs, All Indices drop in Monday’s Trading
ABSA, Co-operative Bank and I&M Group pushed to new highs in Monday’s trading, while Car & General hit a 52-week peak and NBV dropped to a new low.
Africa Re, IFC Push to Insure Millions of Farmers Against Climate Risk
Most of Africa’s farmers are not insured against climate shocks, a gap that threatens livelihoods and food security across the continent.
Treasury Bondholders to Receive Coupon Payments This Week
Government bondholders are receiving scheduled coupon payments this week. The list includes tax-exempt infrastructure bonds and taxable fixed-rate issues. IFBs are exempt from withholding tax, while fixed-rate bonds are taxed based on tenor: 15% for bonds under 10 years and 10% for those 10 years and above. The cash flows provide income to pension funds, insurers, and retail investors and help support secondary market liquidity. More coupon cycles are scheduled later in November.
Equinix to Open US$ 22 Million Data Center in Lagos, Nigeria
Global data center and colocation provider Equinix (Nasdaq: EQIX) has announced that it will open its high performance data center in Lagos, Nigeria
Kenya Rises as Key Exporter to Rwanda as Tanzania’s Role Contracts
While Kenya’s imports to Rwanda have grown steadily, the country remains a minor destination for Rwandan exports.
Kenya Courts Emirati Investors in Logistics, Green Energy
Kenya is courting investors from Sharjah, the third largest city in the United Arab Emirates (UAE), to take up opportunities in ports, logistics and green industrial projects.
OpenAI Says It Will Not Seek U.S. Government Loan Guarantees for AI Infrastructure Expansion
OpenAI has clarified that it will not seek U.S. government loan guarantees to support a major infrastructure expansion, including data centers and AI chip investments.
Faida Keeps Co-op and KCB on Buy, Holds Majority of NSE Large Caps at Neutral
Faida Investment Bank has issued its November market outlook, maintaining a restrained stance on the Nairobi Securities Exchange after a strong rebound this year. The firm notes that valuations across many large-cap counters have moved closer to fair value, and it has therefore kept most stocks at Hold. Only two counters are rated Buy: Co-operative Bank and KCB Group.
Kenya Mulls Stricter Local Hiring, Sourcing Rules on Foreign Investors
Without addressing these structural challenges, mandatory quotas and stiff penalties could strain foreign participation and undermine the proposed law’s goals of boosting local industry.