For the first time in two weeks, Treasury bills in Kenya faced an underwhelming reception in the auction market, marking a stark contrast to the oversubscription rates recorded in previous weeks. The Central Bank of Kenya (CBK) raised KSh 18.9 billion against a target of KSh 24 billion, resulting in an undersubscription rate of 78.6%. […]

The World Chambers Federation (WCF), in collaboration with the Kenya National Chamber of Commerce and Industry (KNCCI), will host the first-ever Africa Summit from April 9 to 11, 2025. This landmark event, set to take place at the Kenyatta International Convention Centre (KICC) in Nairobi, is poised to redefine Africa’s role in global trade and […]

Transforming Regional Trade and Connectivity Kenya’s President William Ruto has unveiled an ambitious plan to extend the Standard Gauge Railway (SGR) to Uganda and South Sudan, a move poised to redefine East Africa’s transportation and trade dynamics. This announcement follows discussions in Abu Dhabi with UAE Investment Minister Mohamed Hassan Alsuwaidi, signaling a landmark partnership […]

Kenya’s tech ecosystem has solidified its position as a leading innovation hub in Africa, attracting more foreign investment in 2024 than any other country on the continent. This marks the second consecutive year that Kenya has outpaced Nigeria in total tech funding, signaling a shift in Africa’s technological and entrepreneurial landscape. Kenya’s Rise to Dominance […]

Kenya Airways (KQ), one of Africa’s most iconic carriers, has made a triumphant return to the Nairobi Securities Exchange (NSE) after a four-and-a-half-year hiatus. The relisting, marked by strong investor enthusiasm, reflects the airline’s ongoing recovery after years of financial turbulence and operational challenges. Shares of Kenya Airways surged to a high of Sh6 (4.6 […]

Kenya’s Communications Authority (CA) has proposed a dramatic increase in the licensing fees for satellite Internet providers (ISPs), potentially reshaping the digital landscape in one of Africa’s most tech-forward nations. Under the new framework, 15-year licensing fees for satellite ISPs will rise from $12,302 to $115,331, marking an over 800% increase. In addition, providers will […]

Kenya has emerged as Africa’s leader in start-up funding for 2024, securing a substantial share of the continent’s venture capital (VC) investments. Despite a global funding slowdown and challenging economic conditions, Kenya’s start-up ecosystem demonstrated resilience, attracting $638 million (Ksh.82.5 billion) in equity, debt, and grants—29% of all funding raised across Africa. The data, compiled […]

The Nairobi Securities Exchange (NSE) started 2025 on a strong note, with multiple indices and key stocks recording remarkable gains during the first trading session of the year. Investor confidence surged as market capitalization grew by KSh 16 billion, buoyed by positive performances from top-listed companies. Kenya Power Leads the Pack with Remarkable Gains Kenya […]

HF Group Plc, a leading financial solutions provider in Kenya, has achieved a remarkable milestone with the successful completion of its Rights Issue. The offering, initially targeting KES 4.6 billion, attracted overwhelming shareholder support, raising applications worth KES 6.38 billion and resulting in a subscription rate of 138.32%. This resounding success underscores investor confidence in […]

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), […]