Business
National Treasury Advice to Traders as Kenya Shilling Rallies
February 15, 2024
National Treasury Advice to Traders as Kenya Shilling Rallies
National Treasury Principal Secretary Chris Kiptoo has urged traders to “resume business as usual” as US Dollar lose grip against…
CBK Taps Ksh.240.9 Billion From February Bond
February 15, 2024
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%.…
Another Court Blow to Ruto Over Sugar Millers Privatisation
February 15, 2024
Another Court Blow to Ruto Over Sugar Millers Privatisation
High Court in Nairobi issued a ruling temporarily stopping the sale of four sugar milling companies. Justice Chacha Mwita put…
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…