Business
Kenya’s Eurobond Issue Attracts Over $5 Billion
February 13, 2024
Kenya’s Eurobond Issue Attracts Over $5 Billion
Kenya’s most recent eurobond issuance garnered orders exceeding $5 billion, driven by expectations of lower US interest rates and high-yielding…
Dollar Value Down 4.2% Against Kenya Shilling
February 13, 2024
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…
Agbede Appointed Access Bank CEO After Wigwe’s Death
February 13, 2024
Agbede Appointed Access Bank CEO After Wigwe’s Death
Access Holdings Plc on Monday announced the appointment of Ms. Bolaji Agbede as the Acting Group Chief Executive Officer. This…
Kenya Goes for Largest Bond in Two Years at Ksh.70 Billion
February 12, 2024
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.…
Why Kenya Isn’t Out of Wood Yet Despite Fresh International Bond Sale
February 12, 2024
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…
Kenya to Issue $500 Million in Another Eurobond
February 9, 2024
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…
Toyota Sets Aside Ksh.800 Million for Car Plant in Kenya’s Thika
February 8, 2024
Toyota Sets Aside Ksh.800 Million for Car Plant in Kenya’s Thika
Kenya and Toyota Tsusho Corporation of Japan have signed a framework agreement for collaboration in vehicle manufacturing and renewable energy…
Financial Struggles Among Kenyans as 84% Lack Faith in State
February 8, 2024
Financial Struggles Among Kenyans as 84% Lack Faith in State
Old Mutual unveiled its financial service monitor on February 7 at the Radisson Blue in Nairobi, with a report painted…
Kenya Sets Date to Buy Back it’s Maturing $2 Billion Eurobond
February 7, 2024
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…
KPC Receives Greenlight to Handle Jet A-1 Fuel in Seven Labs
February 7, 2024
KPC Receives Greenlight to Handle Jet A-1 Fuel in Seven Labs
Jet A-1 fuel testing will now be conducted across all Kenya Pipeline Company (KPC) laboratories. This follows the certification of…