Markets
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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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Egypt Hikes Benchmark Lending Rate After Deal with IMF
Egypt raised interest rates for the first time since August, breaking expectations with a move that might speed up progress…
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How Dr. James Mwangi of Equity Made Ksh.492.07 Million in January 2024
Equity Group Managing Director and CEO Dr. James Mwangi, one of the wealthiest individuals on Nairobi Securities Exchange (NSE) has…
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