Lawrence Baraza
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West Africa
Nigeria Plans $2.9 Billion Debt Raise to End Power Shortages
Nigeria is preparing to raise approximately 4 trillion naira (about $2.9 billion) from its domestic capital markets to help settle…
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Agriculture
Kenya’s Future Generations Hopeful in Ruto’s Revived Ksh.12 Billion Galana Kulalu Under PPP
Kenya has set food security as a strategic economic asset and a driver of national stability, investment confidence, and long-term…
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Credit Rating
Moody’s Ups Kenya’s Rating to B3 on Stronger FX Reserves
Moody’s Ratings upgraded Kenya’s sovereign rating to B3 from Caa1 on January 27, citing a sharp reduction in near-term default…
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Government Projects
Kenya’s Yuan Debt Swap Prompts China to Globalize Currency
Kenya has built up enough Chinese yuan reserves to comfortably repay loans that were recently converted from US dollars into…
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Corporate
Why Banks Are Sticking with CBR as Opposed to KESONIA
KCB Bank has officially adopted the revised Risk-Based Credit Pricing Model (RBCPM) for its existing facilities. According to a public…
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Corporate
Superior Homes Breaks Ground for Ksh.3 Billion Estate Construction in Kiambu
Superior Homes Kenya has commenced construction of a Ksh.3 billion residential project in Ruiru, Kiambu County. The development, named The…
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Credit Rating
DRC Hopeful in Planned $700 Million Eurobond as S&P Revises Credit Outlook
Global credit ratings agency Standard & Poor’s (S&P) has revised the Democratic Republic of Congo’s (DRC) sovereign credit outlook from…
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Credit Rating
Kenya’s Rating Up B- on $12.4 Billion Stable FX Reserves
Fitch Ratings has affirmed Kenya’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘B-‘ with a Stable Outlook. The affirmation reflects…
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Markets
NCBA Acquisition Exposes Nedbank to Intrinsic Credit Risk than S.A, Says Moody’s
Nedbank’s offer to acquire Kenyan-based NCBA Group has put into perspective the push by African financial institutions to diversify geographically…
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Government Projects
KPA Partners with KRA to Reform, Decongest Port of Mombasa
The Kenya Revenue Authority (KRA), in partnership with the Kenya Ports Authority (KPA) and key port stakeholders have put in…
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