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 […]

In a game-changing move, Finnfund and DFC have pledged a whopping $15 million in financial backing to Kentegra Biotechnology. The aim? Supercharging pyrethrin production expansion in Kenya 🇰🇪. Kentegra Biotechnology Holdings LLC, powered by this substantial investment, is set to process pyrethrum flowers from a staggering 90,000 small-scale Kenyan farmers. The end product? Pyrethrin, a […]

Investor wealth at the Nairobi Securities Exchange (NSE) has been cut in half since its peak valuation of Sh2.9 trillion exactly two years ago, as foreign investors flee the market, sending shockwaves through the financial landscape. Exactly on August 24, 2021, the stock market hit an unprecedented high, soaring to a record valuation of Sh2.94 […]

In a strategic move aimed at bolstering its financial reserves, the Treasury has reentered the market, conducting a tap sale to secure Sh21 billion through its August bond issuance. This initiative follows the initial bond auction that faced challenges when the Central Bank of Kenya (CBK) declined offers amounting to Sh33 billion due to excessive […]

In a recent report, the Kenya Bankers Association (KBA) revealed that improved activity in Kenya’s private sector resulted in remarkable growth within the banking industry, achieving double-digit credit expansion in the previous year. The State of Banking Industry Report 2023 by KBA unveiled that loans and advances surged by 12.5 percent, reaching Sh3.6 trillion in […]

The Kenya Private Sector Alliance (KEPSA) has intensified its call for the establishment of a predictable regulatory framework for carbon trading, asserting that such a framework would foster transparency in the carbon trading sector and contribute to a level playing field that benefits all stakeholders. In a significant move, a delegation from KEPSA presented a […]