The Capital Markets Authority (CMA) has announced a significant development aimed at modernizing the Nairobi Securities Exchange (NSE) by allowing companies to conduct initial public offerings (IPOs) electronically. This initiative, outlined in legal notice No. 172, seeks to streamline processes, reduce costs, and enhance transparency in Kenya’s financial markets. Nairobi Securities Exchange Vice Chairman, Paul […]

NCBA Group has sealed a substantial agreement with Proparco, securing a $50 million loan aimed at bolstering small and medium-sized enterprises (SMEs) and advancing green financing initiatives. The loan, equivalent to approximately Sh6.73 billion, was formalized during a signing ceremony held at Nairobi’s Serena Hotel on March 18, 2024. Under the terms of the agreement, […]

Safaricom, Kenya’s leading telecommunications company, is revolutionizing its dividend payment system by transitioning away from traditional cheque payments towards faster electronic methods. This move aims to enhance efficiency and convenience for its extensive shareholder base. In a recent announcement, Safaricom urged shareholders to update their payment preferences and contact details with its shares registrar, Image […]

The Nairobi Securities Exchange (NSE) witnessed a substantial surge in investor wealth on Thursday, with a remarkable increase of Sh38.6 billion, marking the largest single-day gain in eight months. This surge was primarily attributed to the impressive performance of Safaricom and key players in the banking sector. Safaricom, the leading telecommunications company in Kenya, drove […]

The Capital Markets Authority (CMA) is shaking things up in Kenya’s financial sector with proposed new regulations that raise the bar for market intermediaries. This move, aimed at boosting investor confidence and revamping the market as a whole, requires these intermediaries to hold a higher minimum amount of readily available cash and liquid assets. Investment […]

Investors are on the move as bank share prices experience a notable uptick on the Nairobi Securities Exchange (NSE). The surge in demand is primarily driven by expectations of higher dividends from leading lenders for the fiscal year ending December 2023. Since March 5, when Stanbic Holdings announced a 21.8 percent increase in dividends for […]

AA Kenya, a leading driving school firm, has successfully raised Sh 81 million through a recent cash call, falling short of the target but demonstrating resilience in a challenging economic climate. Despite facing hurdles such as high interest rate hikes by the Central Bank of Kenya, AA Kenya’s board highlighted the significance of the capital […]

The Capital Markets Authority (CMA) has introduced new regulations allowing Kenyan companies to issue bonds in East African countries, expanding their funding opportunities. These regulations, detailed in Kenya’s gazette supplement No 204, aim to enhance financial integration in the region. Under the new rules, local firms can raise capital by issuing bonds in any East […]

Pension funds facing challenges in accurately valuing bond holdings amidst market fluctuations have received a reprieve through recent regulatory adjustments by the Retirement Benefits Authority (RBA). Effective December 21, 2023, the RBA implemented amendments allowing pension schemes to exclude unrealized gains or losses from debt instruments when declaring net returns to members. This move addresses […]

Yields on Kenyan Eurobonds have seen a notable decline, marking a shift in investor sentiment as concerns surrounding the country’s debt obligations ease. The interest rates on various Eurobond issues have dropped into single-digit territory, reflecting a more favorable outlook for Kenyan sovereign assets in global financial markets. This positive trend follows the partial payment […]