Markets
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CBK Taps Ksh.240.9 Billion From February Bond
The Central Bank of Kenya’s (CBK) Ksh.70 billion infrastructure Bond auction has been oversubscribed, with a performance rate of 412%.…
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Dollar Value Down 4.2% Against Kenya Shilling
Kenya Shilling is on a winning streak and gained 4.2% in value against the dollar as of Tuesday. It has…
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Kenya Goes for Largest Bond in Two Years at Ksh.70 Billion
Kenya has put on auction Ksh.70 billion ($429 million) through the sale of infrastructure bonds, the largest sale since 2022.…
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Why Kenya Isn’t Out of Wood Yet Despite Fresh International Bond Sale
Kenya announced its first international bond sale since June 2021, seeking to raise $500 million for budgetary purposes and to…
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Kenya to Issue $500 Million in Another Eurobond
Kenya has signed a memorandum of understanding (MoU) with Nippon Export and Investment Insurance (NEXI) to issue a Samurai Bond…
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Kenya Sets Date to Buy Back it’s Maturing $2 Billion Eurobond
Kenya has made an offer to buy back its $2 billion Eurobonds that will mature in June and revealed plans…
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Uganda’s Central Bank Holds Key Rate as Inflation Stays Low
The Bank of Uganda (BOU) has maintained its benchmark lending rate at 9.5% for the fourth consecutive month, citing low…
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Kenya Raises Benchmark Lending Rate to 12-Year High
Central Bank of Kenya (CBK) has raised its benchmark interest rate to 13%, the highest level since 2012 to curb…
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Oil Prices Down 2% on Rumoured Israeli, Hamas Truce
Oil prices dipped by 2% due to unconfirmed rumors of a truce between Israel and Hamas. This was further compounded…
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Reasons Why Kenya Shilling is on Winning Streak Against Dollar
The Kenyan currency has been gaining against the US dollar for five days in a row as of Friday, February…
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