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In a groundbreaking move set to transform Kenya’s transportation infrastructure, American asset management firm Everstrong Capital has partnered with CPF Capital & Advisory Ltd. to raise $1 billion (KSh 129 billion) for the ambitious Usahihi Nairobi-Mombasa Expressway project. This initiative marks a significant shift in Kenya’s approach to financing large-scale infrastructure developments, emphasizing local investment […]

The Central Bank of Kenya (CBK) has rejected a new bond trading platform proposed by commercial banks, known as the East African Bond Exchange (EABX), in favor of introducing market makers to stabilize the government securities market. The rejection has sparked discussions between CBK, the National Treasury, and financial regulators on how best to enhance […]

In a strategic move poised to redefine Kenya’s financial landscape, Safaricom and the Kenya Bankers Association (KBA) have jointly proposed the adoption of Pesalink as the nation’s next-generation fast payment system (FPS). This collaborative initiative aims to streamline digital transactions across the country by leveraging existing infrastructure, thereby promoting efficiency and cost-effectiveness. The Proposal: Leveraging […]

Standard Chartered and Kenya Airways (KQ) have announced a strategic partnership that is set to redefine travel experiences for their customers. The collaboration, officially signed at Standard Chartered’s Head Office, aims to bring exclusive travel benefits, discounts, rewards, and enhanced experiences to Standard Chartered’s affluent banking clients and members of Kenya Airways’ Asante Rewards program. […]