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The Kenyan Treasury has managed to raise just Sh7.9 billion from the sale of government securities this week, falling significantly short of its target of Sh43 billion. Investor apathy and the Central Bank of Kenya’s (CBK) rejection of costly bids have weighed down on the nation’s financial market. The sales, which included Treasury bills and […]

Kenyan stocks are facing an alarming selloff, propelling the nation’s benchmark index into a dire situation, marking it as the world’s worst-performing market. The Nairobi Securities Exchange (NSE) has recorded a distressing fourth consecutive quarter of decline in September, marking the longest downward trend since 2017. Notably, KCB Group Plc, Kenya’s largest bank by assets, […]

In a significant development, the Stock Exchange of Mauritius (SEM) has unveiled an exciting opportunity for Kenyan investment banks and stockbrokers to participate in its market platform. This move has the potential to broaden the spectrum of offshore investment opportunities within the Indian Ocean island State. SEM’s Chief Executive, Sunil Benimadhu, announced this groundbreaking initiative […]

In a startling turn of events, Treasury bill interest rates have vaulted over the 15 percent threshold for the first time in eight years, igniting concerns about an imminent surge in loan expenses. The rates attached to Treasury bills (T-bills) serve as a pivotal gauge for establishing the risk-free benchmark for loan pricing, and the […]

In a bid to bolster safeguards for currency traders and clients, the Capital Markets Authority (CMA) has initiated a significant move. The capital markets regulator has formed a dedicated working group, bringing together licensed Forex brokerage firms and various stakeholders to establish standards aimed at fortifying consumer protection. One of the pivotal objectives of this […]

In a groundbreaking development, two Kenyan startups, Zuri Health and izola, have been handpicked to participate in Google for Startups Growth Academy’s prestigious AI for Health program. This initiative aims to revolutionize patient care and enhance support for families with neurodivergent children through innovative AI-integrated solutions. Zuri Health, renowned for its all-inclusive digital toolkit transforming […]

In a significant development aimed at boosting sustainable development efforts, the Kenyan government has unveiled a proposal that could see it taking a 25 percent share of the revenue generated by private companies from the sale of carbon emission reduction credits (CERs). The proposal, encapsulated in the draft Climate Change (Carbon Markets) Regulations 2023, awaits […]

In a significant financial development, the return on fixed deposits has surged ahead of inflation for the first time in 15 months, signaling a competitive battle among lenders for long-term funds. Data recently released by the Central Bank of Kenya (CBK) reveals that banks offered customers an average interest rate of 8.1 percent for long-term […]

In a strategic move aimed at avoiding long-term commitments to high interest rates, the National Treasury of Kenya has turned to multiple reopenings of four short-term bonds, raising an impressive Sh222 billion since May. These bonds, boasting maturities ranging from two to five years, have seen interest rates soar to nearly 18 percent, a remarkable […]

The Capital Markets Authority (CMA) of Kenya has granted its approval for the issuance of the country’s inaugural Sukuk Bond, paving the way for Linzi Finco Trust to embark on a groundbreaking venture. The Sukuk Bond is aimed at raising KSh. 3 billion in capital, and the generated funds will be earmarked for the construction […]