Business

Asset Prices Rally Gives NSSF a Ksh.46 Billion Boost

Asset Prices Rally Gives NSSF a Ksh.46 Billion Boost

The National Social Security Fund (NSSF), Kenya’s main pension fund, has reported an improvement in the value of its investments,…
Kenyans to Pay Ksh.23 Billion in Compensation After Koko Shuts Operations

Kenyans to Pay Ksh.23 Billion in Compensation After Koko Shuts Operations

Kenyan taxpayers are looking at a potential Ksh.23.1 billion in compensation package to the clean energy startup Koko Networks, following…
AFA Reopens Macadamia Harvesting, Trading Window

AFA Reopens Macadamia Harvesting, Trading Window

The Agriculture and Food Authority (AFA) has announced the reopening of the seasonal macadamia nuts harvesting and trading window, effective…
Kenya’s Future Generations Hopeful in Ruto’s Revived Ksh.12 Billion Galana Kulalu Under PPP

Kenya’s Future Generations Hopeful in Ruto’s Revived Ksh.12 Billion Galana Kulalu Under PPP

Kenya has set food security as a strategic economic asset and a driver of national stability, investment confidence, and long-term…
Why Banks Are Sticking with CBR as Opposed to KESONIA

Why Banks Are Sticking with CBR as Opposed to KESONIA

KCB Bank has officially adopted the revised Risk-Based Credit Pricing Model (RBCPM) for its existing facilities. According to a public…
Superior Homes Breaks Ground for Ksh.3 Billion Estate Construction in Kiambu

Superior Homes Breaks Ground for Ksh.3 Billion Estate Construction in Kiambu

Superior Homes Kenya has commenced construction of a Ksh.3 billion residential project in Ruiru, Kiambu County. The development, named The…
DRC Hopeful in Planned $700 Million Eurobond as S&P Revises Credit Outlook

DRC Hopeful in Planned $700 Million Eurobond as S&P Revises Credit Outlook

Global credit ratings agency Standard & Poor’s (S&P) has revised the Democratic Republic of Congo’s (DRC) sovereign credit outlook from…
Kenya’s Rating Up B- on $12.4 Billion Stable FX Reserves 

Kenya’s Rating Up B- on $12.4 Billion Stable FX Reserves 

Fitch Ratings has affirmed Kenya’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘B-‘ with a Stable Outlook. The affirmation reflects…
NCBA Acquisition Exposes Nedbank to Intrinsic Credit Risk than S.A, Says Moody’s

NCBA Acquisition Exposes Nedbank to Intrinsic Credit Risk than S.A, Says Moody’s

Nedbank’s offer to acquire Kenyan-based NCBA Group has put into perspective the push by African financial institutions to diversify geographically…
State Clears Cash Owed to Mwea Rice Farmers

State Clears Cash Owed to Mwea Rice Farmers

The government has confirmed that all pending payments owed to Mwea rice farmers have been cleared. Anthony Waweru, Managing Director…
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