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In a testament to the growing demand for bonds, Kenya’s recent Eurobond offering has attracted an impressive response, gathering over $5 billion in subscriptions. According to reports from Bloomberg, Kenya is set to issue $1.5 billion worth of seven-year bonds at a rate of 10.375%, marking the highest coupon payment made by an African issuer […]

In a move signaling a significant shift in the banking landscape, commercial banks have raised the returns offered to cash-rich firms and high-net-worth depositors to double-digit levels, reaching a new 24-year high record. Data released by the Central Bank of Kenya (CBK) indicates that the average commercial bank deposit rate, which represents the yield offered […]

In a notable development, the Central Bank of Kenya (CBK) recently conducted its Weekly Treasury Bills auction, witnessing a significant redemption of KSh 48.5 billion out of KSh 51.1 billion in bids received. The CBK accepted KSh 48.8 billion at this auction, marking a substantial movement in the market. This surge in redemptions, according to […]

In a significant milestone for the climate tech sector, Kenyan startup Amini has successfully secured funding from prominent investors, including Salesforce Ventures, Female Founders Fund, Pale Blue Dot, and Rally Cap VC. This investment round marks the entry of Rally Cap VC into the climate tech arena, signaling a burgeoning interest in environmentally-focused ventures among […]

ICEA Lion Asset Managers (ILAM) has announced that it will delist its Fahari income real estate investment trust (REIT) from the Nairobi Securities Exchange (NSE) main investment market segment on February 12, 2024. This decision follows the resolution by unit holders to delist and subsequent approval of the delisting by the Capital Markets Authority (CMA). […]

In a strategic move set to revolutionize Kenya’s bond market, the Nairobi Securities Exchange (NSE) has secured approval from the Capital Markets Authority for amendments to its Fixed Income Trading Rules. This pivotal development heralds the establishment of a hybrid fixed-income market, blending onscreen and Over-the-Counter (OTC) trading of fixed-income securities. The NSE’s Chief Executive […]

In a significant move towards achieving its ambitious clean energy goals, the Climate Investment Funds (CIF) has given the green light to a $70 million plan for Kenya. The plan, backed by the CIF’s Trust Fund Committee, includes an initial allocation of $46.39 million. The primary objective of these funds is to propel the integration […]

In a recurring trend, foreign investors have withdrawn Ksh 178.2 million from the Nairobi Securities Exchange (NSE) in the past month, extending the capital flight that has persisted throughout the previous year. This prolonged period of withdrawals is attributed to a significant disparity in returns, with investments in advanced economies yielding higher profits compared to […]

In a significant development, the Capital Markets Authority (CMA) has approved the application for an Over-the-Counter (OTC) trading license by the East African Bond Exchange (EABX), setting the stage for increased competition in Kenya’s bond market. The approval, granted on Tuesday, positions EABX to vie with the Nairobi Securities Exchange (NSE) for bond market dominance, […]

In a bid to rejuvenate share trading on the Nairobi Securities Exchange (NSE), the Capital Markets Authority (CMA) is actively developing regulations for margin trading. Margin trading involves investing in shares using funds borrowed from a lender, typically a stock brokerage or investment bank.Despite the NSE experiencing a prolonged period of low volatility and low […]