In a significant move that underscores the ongoing transformation within Kenya’s sugar industry, an investor is poised to acquire a 40 percent stake in Angata Sugar Mills, a company currently in the process of establishing a new sugar milling factory in Moyoi, Transmara, Narok County. Savannah Crest KE Limited is expected to inject approximately KSh […]

In a dramatic turn of events, the Nairobi Securities Exchange (NSE) has staged a significant rebound, recovering Sh15.7 billion in market value following a turbulent start to the week. The NSE All-Share Index, a key indicator of market performance, gained 1.01 points, or roughly 1%, on Tuesday, ending the day at a robust Sh1.595 trillion […]

In a groundbreaking move set to transform Kenya’s financial landscape, Valour, a leading issuer of cryptocurrency funds, has teamed up with the Nairobi Securities Exchange (NSE) and SovFi to introduce digital asset exchange-traded products (ETPs). This strategic partnership aims to bring Bitcoin, Ether, Solana, and Hedera ETPs to the NSE, marking a significant step in […]

Kenya’s financial markets faced a turbulent Monday as Fitch Ratings downgraded the country’s credit score further into junk territory due to mounting budget risks. This latest downgrade has intensified concerns about Kenya’s financial health and its capacity to manage its growing debt effectively. Kenya’s 2048 dollar bonds were among the hardest hit, with prices dropping […]

In a significant boost for Kenya’s mining industry, the long-anticipated construction of an iron ore smelting plant in Voi, Taita Taveta County, is officially underway. This exciting development follows the recent handover of land to the investor, marking the beginning of a major project that promises to reshape the local economy and the country’s mineral […]

In a significant move to enhance its presence in East Africa, Egyptian lender Commercial International Bank (CIB) has inaugurated its seventh branch in Kenya. This new branch, located in Mombasa, is part of CIB’s strategic plan to leverage the robust trade links between Kenya and Egypt and further expand its operations across the region. This […]

In a historic and groundbreaking move, the Nairobi Securities Exchange (NSE) has officially welcomed the Linzi Sukuk bond into its unquoted securities platform. This momentous event, graced by the presence of President William Ruto at the Exchange building, marks the listing of the first Islamic and Sharia-compliant financial asset on the NSE. It’s a bold […]

In an impressive turn of events, Centum Investment has announced a remarkable profit of KSh556 million for the year ending March 31, 2024. This represents a dramatic turnaround from a loss of KSh61 million in the previous year, showcasing the company’s successful strategic pivot and resilient financial management in a challenging economic landscape. A Triumphant […]

In a significant boost to Kenya’s automotive industry and its green energy initiatives, Chinese electric vehicle (EV) manufacturer Chery is set to invest $20 million in local auto dealer Afrigreen Automobile to establish an EV assembly plant in Nairobi. This strategic move is poised to create around 3,000 direct and indirect jobs, marking a substantial […]

In a bid to quell the swirling rumors and growing public concern, President William Ruto has come forward to categorically dismiss claims that the government intends to sell Jomo Kenyatta International Airport (JKIA) to private investors. Speaking during a national address at State House on July 24, 2024, Ruto clarified that Kenya is looking to […]