Markets
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Regulatory Oversight Prompt SACCOs to Cut Down on Dividend Payouts
Savings and Credit Cooperatives (Saccos) in Kenya are beginning to cut back on dividend payouts and retain more earnings as…
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Nigerian Bank to Acquire Kenya’s Paramount Bank Over Core Capital Pressure
Nigeria’s Zenith Bank is pursuing the acquisition of Paramount Bank, a mid-sized Kenyan commercial bank. The bank has reportedly secured…
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What it Means for Kenyans as CS Mbadi Drafts Fresh Tax Guidelines
The National Treasury has released the Draft Income Tax (Advance Pricing Agreement) Regulations, 2025 for taxpayers to enter into Advance…
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Uganda-based VC Secures $6 Million for Fintech Financing in Africa
First Circle Capital, a specialist early-stage venture fund with offices in Casablanca and Kampala, has secured $6 million for fintech…
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Angola Returns to International Markets with $1.5 Billion Eurobond
Angola is making its first return to international bond markets in three years, and is looking at raising $1.5 billion…
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How KCB Distributed Ksh.53.2bn in Green Loans Among Locals
KCB Bank disbursed Ksh.53.2 billion in green loans in 2024 for projects which focused on clean energy, e-mobility, the blue…
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Foreign Investors Oversubscribe Kenya’s New Eurobond by 400% to $7.5 Billion in Debt Buyback Plan
Kenya has successfully raised $1.5 billion (Ksh.193.8 billion) through a new Eurobond issuance, and this will pave way for the…
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Data Shows 88% of SACCOs Prefer Metropol CRB for Risk Mitigation
Kenya has witnessed a rise in the participation of regulated Savings and Credit Cooperative Organizations (SACCOs) in credit information sharing…
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Elon Musk Becomes First Person to Hit $500 Billion Net Worth
Elon Musk on Wednesday became the first person ever to achieve a net worth of nearly $500 billion, propelled by…
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Kenya’s Payments Revenue to Hit 8% CAGR To $0.8 Billion in 2029
Global payments revenue is projected to reach $2.4 trillion by 2029, according to Boston Consulting Group’s (BCG) 23rd annual Global…
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