Flutterwave, the leading fintech giant in Africa, has unveiled ambitious plans to inject $50 million into Kenya, subject to regulatory clearance from the Central Bank of Kenya (CBK). This substantial investment will be primarily allocated to expanding Flutterwave’s workforce and bolstering its infrastructure within Kenya’s borders. As of now, Flutterwave already boasts a team of […]

In a significant development for Kenya’s investment landscape, the share of the government’s domestic debt held in the form of Treasury bills has reached a new low of 11.8 percent, down from 15.01 percent in January. This shift signifies an increased focus on repaying short-term securities as part of efforts to extend the maturity profile […]

In a groundbreaking move towards modernizing Kenya’s financial landscape, President William Ruto officially inaugurated the Central Securities Depository Dhow (DhowCSD) on Monday. This innovative platform, encompassing a web interface and a mobile application, promises to revolutionize investment opportunities for retail investors, not only in Kenya but also globally. The CBK DhowCSD app will be compatible […]

In a significant development for the aviation industry, Britam General Insurance has unveiled a comprehensive insurance product aimed at both businesses and individuals operating within the aviation sector. The new coverage not only extends to personal protection for crew members but also encompasses a wide range of offerings, including legal liability coverage, airport owners’ and […]

Nairobi, Kenya – In a significant development set to reshape the landscape of Kenya’s financial markets, the Nairobi Securities Exchange (NSE) is gearing up to launch the NSE Bond Index (NSE-BI) on October 1, 2023. This innovative index is poised to become a weekly benchmark for the bonds market, providing investors with invaluable insights and […]

In a groundbreaking move to bolster Kenya’s efforts in combating climate change and improving air quality, the United States Agency for International Development (USAID) has announced a substantial investment of $1.4 million. The funds will support the Government of Kenya in formulating a comprehensive carbon market activation plan and reinforcing the regulatory and legal framework […]

Safaricom Plc, East Africa’s leading telecommunications giant, has successfully secured its inaugural Sustainability Linked Loan (SLL) in a historic deal valued at KES 15 billion. The company’s groundbreaking commitment to Environmental, Social, and Governance (ESG) initiatives has garnered significant attention and represents a pivotal moment in the region’s financial landscape. This historic agreement, facilitated by […]

Standard Chartered Bank Kenya has announced a significant development, offering Kenyan retail investors access to offshore unit trust fund investments. These investments, known as the Signature CIO Funds, are established in collaboration with Amundi Asset Management, a leading European asset manager with over 100 million clients and $2 trillion in asset under management. The initiative […]

In a move set to invigorate Kenya’s economic landscape, the Nairobi Securities Exchange (NSE) and the Kenya Association of Manufacturers (KAM) have forged a strategic partnership aimed at advancing capital market financing opportunities for the country’s manufacturing sector. The collaboration is anticipated to play a pivotal role in fostering financial inclusivity, accelerating SME growth, and […]

Safaricom, the leading telecommunications giant, has initiated the early distribution of a final dividend amounting to a staggering Sh24.84 billion to its shareholders, thus contributing to an enhanced liquidity infusion within the economy. This strategic move saw investors receiving their concluding dividends on Tuesday, which were valued at Sh0.62 per share. This figure signifies a […]