Business
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…
Novozymes Completes Merger with Chr. Hansen for Biosolutions in East Africa
February 7, 2024
Novozymes Completes Merger with Chr. Hansen for Biosolutions in East Africa
Danish biotechnology firm Novozymes has successfully concluded its merger with Chr. Hansen. It is the biggest move for Novozymes since…
Uganda’s Central Bank Holds Key Rate as Inflation Stays Low
February 7, 2024
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…
Kenya Raises Benchmark Lending Rate to 12-Year High
February 6, 2024
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…
Sub-Saharan Africa Financing Conditions Tough, Says IMF
February 6, 2024
Sub-Saharan Africa Financing Conditions Tough, Says IMF
The International Monetary Fund says financing conditions for sub-Saharan African economies are likely to remain constrained for a while amid…