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Moody’s Credit Rating Agency’s assertion that Kenya’s planned buyback of its Eurobond debt constitutes a default has been criticized by the African Credit Rating Research & Advisory, an entity under the African Union. The African Peer Review Mechanism (APRM), in a statement, disputes Moody’s claims and highlights the “voluntary” nature of the bond buyback initiative, […]

Acorn, a prominent property developer, is embarking on a drive to secure Sh1.5 billion in funding by January 2024. This initiative aims to facilitate the expansion of its student hostel portfolio through contributions from current unit holders of its development Real Estate Investment Trust (Reit). The latest semi-annual report from Acorn Student Accommodation (ASA) D-Reit […]

In a notable move, the Kenyan government has taken decisive action by suspending all activities linked to the cryptocurrency endeavor known as Worldcoin within its national borders. This suspension arises in direct response to a significant data breach and the escalating worries regarding individual privacy. Interior Cabinet Secretary Kithure Kindiki has voiced the government’s profound […]

In a strategic move, the Central Bank of Kenya (CBK) has unveiled plans to generate KSh 40 billion through its forthcoming Treasury Bonds (T-Bonds) tap sale scheduled for August. The CBK, cognizant of the financial landscape, intends to reinforce its financial reserves for crucial budgetary requirements. The importance of this initiative is underscored by its […]

The Capital Markets Authority (CMA) of Kenya is planning to conduct a comprehensive evaluation of the country’s carbon market, including its ecosystem and stakeholder mapping. The goal is to understand the demand, supply conditions, and growth trajectory of the market, which will then guide the development of a policy framework for overseeing a robust and […]

July 26 2023 Wilo Group, a renowned German manufacturer of pumps and pump systems, is reinvigorating its presence in Kenya by establishing an assembly plant in Nairobi. This strategic move is fueled by the company’s recognition of the burgeoning opportunities in the country’s high-rise construction projects and the government’s affordable housing initiatives. Over the past […]

July 14 2023 In a significant boost to the agricultural sector in Kenya, the United States government has committed $12 million towards reviving the pyrethrum sector. Pyrethrum is a valuable crop used in the production of natural insecticides and is known for its effectiveness in controlling pests. The investment aims to rejuvenate the pyrethrum industry, […]

July 24, 2023 KCB, one of Kenya’s leading financial institutions, has announced a groundbreaking partnership with the United Nations Institute for Training and Research (UNITAR) to launch an ambitious plan to sell 100,000 electric bikes in the country within the span of a year. This bold initiative is in line with KCB’s commitment to achieving […]

July 18, 2023 Starlink, the groundbreaking satellite internet service, has made its entry into the Kenyan market. This move follows its successful expansion into other African countries, including Nigeria, Mozambique, Rwanda, and Sierra Leone, as announced by CEO Elon Musk earlier this year. On July 18, 2023, Musk took to Twitter to announce the inclusion […]

July 27, 2023 Safaricom has recently launched an innovative zero-interest credit service, named Faraja, designed to facilitate the purchase of goods up to Sh100,000. The initial block by the financial regulator caused much anticipation, but the service is now set to shake up the mobile loans market dominated by products like Fuliza, a mobile overdraft […]