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In a major development for Kenya’s economic outlook, Moody’s Investors Service has upgraded the country’s sovereign credit rating to “positive” from “negative,” citing an easing of liquidity risks and potential improvements in debt affordability. The announcement, made on January 25, 2025, comes seven months after the agency had downgraded Kenya’s rating, a move that had […]

Foreign investors withdrew a staggering Sh16 billion from Kenya’s capital markets in the last quarter of 2024, driven by political tensions that overshadowed the country’s otherwise stable economic performance. This development, revealed in the Capital Markets Authority (CMA) quarterly Capital Markets Soundness Report, highlights the challenges facing Kenya’s investment climate despite economic growth and currency […]

The financial turbulence surrounding Genghis Capital, a leading Kenyan investment firm, has escalated as the Capital Markets Authority (CMA) steps in to demand a repayment roadmap. The firm finds itself embroiled in a $2.7 million (KSh 355 million) debt dispute with South African businessman Auswell Mashaba, a conflict that now threatens the company’s operational stability. […]

In a landmark achievement, Safaricom’s recently launched Ziidi Money Market Fund (MMF) has amassed Sh2.85 billion in assets under management (AUM) just a month after its introduction. With over 450,000 users already onboarded, the fund underscores the increasing appetite for accessible and efficient financial solutions among Kenyans. What is Ziidi MMF? Ziidi MMF is a […]

Kenya’s National Treasury announced on Monday that it will discontinue the issuance of the one-year Treasury bill, marking a significant shift in its debt management approach. The decision comes as part of a broader strategy to reduce the country’s reliance on short-term debt and instead prioritize longer-term maturities. The new policy will leave Kenya issuing […]

Kisumu, one of Kenya’s fastest-growing cities, is set to undergo a major transformation with the launch of the LV Marina, the largest mixed-use development in the country. Spearheaded by GulfCap Real Estate, the ambitious project boasts an estimated total investment of Sh120 billion and aims to redefine urban living in the region over the next […]

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 […]