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), […]
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. […]
As Kenya’s Sh301 billion International Monetary Fund (IMF) programme nears expiration in April, the Kenya Kwanza government is actively exploring...
In a significant monetary policy shift, the Reserve Bank of India (RBI) has cut its key repo rate for the...
The Reserve Bank of Zimbabwe (RBZ) has opted to maintain its key interest rate at 35%, signaling a commitment to...
In a groundbreaking move set to transform Kenya’s transportation infrastructure, American asset management firm Everstrong Capital has partnered with CPF...