Markets
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Fitch Ratings downgrades Kenya’s Credit Rating to Negative
Fitch Ratings has revised Kenya’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to Negative from Stable and affirmed the IDR at…
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State raises Ksh.52.1 billion from 5 & 10-year re-opened bond
Central Bank of Kenya (CBK) released the auction results for the newly issued bond FXD1/2023/05 with a tenor to maturity…
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T-Bills subscription up 667% to Ksh.26.7 billion for first time in four weeks
In last week’s Central Bank of Kenya (CBK) data, Treasury Bills (T-Bills) were oversubscribed for the first time in four…
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Metropol: High inflationary pressure looming from Q3 on new taxes, levies [Video]
The inflation rate in Kenya remained at 9.2% through the first quarter of 2023, even after four successive interest rate…
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Rating firm GCR assigns Shelter Afrique positive outlook
South African rating agency GCR has assigned a positive outlook to Shelter Afrique on expectations of a return to profitability…
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Businesses brace for rising finance costs as CBK raises key rate to 10.5%
Businesses are bracing for higher financing costs after CBK raised the key policy rate to 10.5% from 9.5% on Monday,…
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Investors continue to shun 182, 364-days T-Bills despite hiked rates
Investors continued to shun the 182-day and 364-day Treasury Bills (T-Bills) last week, maintaining a trend that has persisted since…
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Treasury raises Ksh.18.5 billion in tap sales on 3-year bond
Treasury raised Ksh.18.522 billion at 14.23% interest for budgetary support in last week’s tap sales of the 3-year bond which…
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Treasury announces Ksh.15 billion tap sale on a 3-year bond
The National Treasury has put on offer a tap sales on a three-year bond, seeking to raise Ksh.15 billion. The…
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Crude duties to cost edible oils sector more
Kenya’s Ministry of Investment, Trade & Industrialisation Cabinet Secretary Moses Kuria has added fireworks to the unfolding edible oils importation…
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