In a significant development this week, the Jamaica Stock Exchange formalized a strategic partnership with the Nairobi Securities Exchange in Kenya by signing a Memorandum of Understanding (MoU), signaling a commitment to bolster ties with Africa. The MoU outlines ambitious plans aimed at elevating the financial markets through the introduction of innovative product offerings. Notably, […]

In a strategic move to remain competitive and attract new investment flows, unit trusts have raised their annual returns to align with the heightened rates offered on government treasuries and bank fixed deposits. An analysis of annual rates on shilling-denominated money market funds reveals returns ranging from 11.6 percent to 15.96 percent as of December […]

In a landmark move towards sustainable finance, the Central Bank of Kenya (CBK) has entered into a strategic partnership with the European Investment Bank (EIB). The joint initiative aims to cultivate best practices in climate finance within the local commercial banking sector, marking a significant step towards achieving a net-zero economy in Kenya. One of […]

In an effort to combat food insecurity and enhance agricultural productivity, a groundbreaking partnership has been formed between the British International Investment (BII) and the Shell Foundation. This collaboration aims to invest $2.6 million in SunCulture, a Kenyan company providing solar-powered irrigation systems to smallholder farmers. With approximately 9,000 smallholder farmers set to benefit, the […]

Kenyan startup Tappi has successfully secured $1.5 million in pre-seed funding, led by notable investors Mercy Corps Ventures and Chui Ventures. This strategic investment positions Tappi to extend its reach to over 100 million small and medium-sized enterprises (SMEs) across Africa, aiming to empower them in the rapidly evolving digital commerce arena. Tappi’s innovative platform […]

In a robust display of market demand, government-issued infrastructure bonds (IFBs) have been trading at a premium in the secondary market at the Nairobi Securities Exchange (NSE). The surge in interest is primarily attributed to retail buyers seeking the allure of high, interest-free rates offered by these bonds. As of the latest trading session, only […]

Kenyan President William Ruto has revealed the nation’s contemplation of entering the green finance arena through the potential sale of sovereign green bonds and engaging in debt-for-nature swap agreements to fund critical climate projects. Speaking on the sidelines of the 28th Conference of the Parties (COP 28) in Dubai, President Ruto emphasized the significance of […]

In a bid to revitalize initial public offerings (IPOs) and break a seven-year drought on the Nairobi Securities Exchange (NSE), companies seeking listing are now only required to demonstrate profitability once in the last five years. The new regulations, published by Treasury Cabinet Secretary Njuguna Ndung’u, mark a significant departure from the previous mandate, which […]

In a significant development for Kenya’s burgeoning online forex trading sector, the government has swiftly instituted a novel regulatory fee affecting all online forex brokers. This measure, effective immediately, is poised to bolster the revenue stream of the Capital Markets Authority (CMA) while fortifying safeguards for currency traders. Under the new regulation, both dealing and […]

In another setback for Kenya’s financial markets, Morgan Stanley Capital International (MSCI) has once again chosen to exclude Kenyan companies from its MSCI Equity Index for frontier markets. This development underscores the deteriorating investment climate in Kenya, marked by factors such as an unpredictable taxation regime, a dollar shortage, a weakening currency, and high fuel […]