Tanzania’s Amsons Group has taken a significant step in its quest to acquire Kenya’s leading cement manufacturer, Bamburi Cement, by completing the first phase of the KSh 23.6 billion buyout deal. This milestone acquisition saw Amsons purchase 137.1 million shares at KSh 65 per unit in a block trade on the Nairobi Securities Exchange (NSE), […]

In a decisive move to protect one of Nairobi’s most cherished green spaces, Environment Cabinet Secretary Aden Duale has ordered the revocation of licenses granted to a private developer planning to construct a golf range and restaurant within the Ngong Road Forest. The licenses in question, issued by the Kenya Forest Service (KFS) and the […]

The Central Bank of Kenya (CBK) has announced the re-opening of two fixed-coupon Treasury bonds, targeting the collection of KSh 30 billion to support government budgetary obligations. These bonds, FXD1/2018/15 and FXD1/2022/25, present long-term investment opportunities with maturities of 15 and 25 years, respectively. This latest move aligns with Kenya’s broader strategy to finance its […]

Sanlam Kenya has embarked on a significant financial restructuring effort, securing shareholder approval for a KSh 3.25 billion rights issue to recapitalize its balance sheet and address its long-term debt obligations. This cash call is aimed at settling an existing loan facility with Stanbic Bank Kenya, providing operational flexibility, and positioning the insurer for future […]

Sanlam Kenya Plc (NSE: SLAM), a prominent non-bank financial services firm, has taken a crucial step towards improving its financial stability and operational capacity following shareholder approval for a KES 3.25 billion Rights Issue during an Extraordinary General Meeting (EGM) held today. The approval represents a strategic move to recapitalize the company’s balance sheet, enabling […]

In a significant step toward modernizing Kenya’s governance and economic landscape, President William Ruto on Wednesday signed into law seven critical bills at State House, Nairobi. These laws, which span tax reform, infrastructure management, anti-corruption measures, and business regulation, are designed to align Kenya with global best practices while fostering local development and governance efficiency. […]

Driving Climate Solutions Across Sub-Saharan Africa Catalyst Fund, a leading Kenyan pre-seed accelerator, has been awarded over KSh 33 million as part of the 2025 phase of the Empowering Sustainable Entrepreneurship in Africa program. This initiative is spearheaded by Village Capital, a global leader in impact-focused capital allocation, and supported by the Norwegian Agency for […]

The Black Founders Fund (BFF) Alumni Summit, held on November 27, 2024, at iHub in Nairobi, showcased the profound achievements of Black-led startups across Africa through its annual BFF Impact Report. The report celebrated the strides made by these startups, highlighting $379 million in funding raised, the creation of 6,000 new jobs, and an impressive […]

Kenyan Savings and Credit Cooperative Organizations (SACCOs) have emerged as a critical financial lifeline for borrowers in the face of persistently high interest rates from commercial banks. Despite three consecutive reductions in the Central Bank Rate (CBR) by the Central Bank of Kenya (CBK) to the current 11.25%, commercial banks have been slow to reduce […]

The Kenyan government has announced plans to issue a Sh500 billion diaspora bond to finance the modernization of Jomo Kenyatta International Airport (JKIA) and other key infrastructure projects. This decision comes after the cancellation of a controversial deal with India’s Adani Group, which had initially been tapped for the airport’s redevelopment. A Strategic Shift in […]