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<p>The yield on Kenya’s ten-year Eurobond dropped to 6.54 per cent in the secondary market signalling that foreign investors may be jittery about the country’s long-term prospects.</p>


Yield on Kenya’s Eurobond rises

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<p>Private equity Fund AfricInvest III plans to acquire 14.3 per cent stake in Britam Holdings Plc for Ksh5.7 billion. Elsewhere, the Kenyan shilling was under pressure on Tuesday driven by dollar demand by manufacturers.</p>


Britam Holdings to sell 14.3% stake to AfricInvest

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<p>A year after Kenya passed a law capping interest rates at 4 per cent above the Central Bank rate, the banking sector is reporting income losses of up to Ksh26 billion, as analysts cut GDP growth projections for the country.</p>


Kenya’s interest rates cap wipes Sh26bn off banks’ income

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<p>Mooody&#8217;s Investor Service says the prolonged political uncertainty in Kenya will hinder the development of policies to address the country&#8217;s main credit challenges, in particular the large fiscal deficit of 10 per cent of GDP.</p>


Political uncertainty dampen Kenya’s economic outlook

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<p>The Nairobi Securities Exchange has reported a 5 per cent drop in net profit to Ksh77.77 million in the half-year period ending June this year.</p>


Nairobi Securities Exchange H1 net profit dips 5%

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<p>Private sector activity in Kenya continues to deteriorate, with July&#8217;s Purchasing Managers Index by Stanbic Bank showing slight improvement to 48.1.</p>


11 Kenyan banks vote on Kenya Airways’ debt-equity swap proposal

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<p>Commercial banks who agree to take up shareholding in national carrier Kenya Airways will need to lend Ksh18.1 billion to the airline, according to a new deal aimed at turning around the company.</p>


Debt swap deal requires Kenyan banks to lend $176mn

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<p>The Salaries and Remuneration Commission of Kenya has unveiled a new pay regime that slashes monthly salaries and allowances of top state officers as the government moves to trim the public wage bill.</p>


Kenya moves to reduce the public wage bill

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<p>Economists at Citibank are the latest to comment on the negative effects of interest rates cap in Kenya, saying it cripples the decision-making ability of the Central Bank.</p>


Rate cap cripples CBK monetary policy making – Citibank

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<p>East African Breweries Limited has issued a cautionary statement highlighting the proposed investment in a new brewery in Western Kenya at a cost of 15 billion Kenya shillings, while noting that financing mechanisms are under deliberation.</p>


East African Breweries Ltd issues cautionary statement

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<p>The International Monetary Fund is raising a red flag over inadequate regulation of Islamic banking in Kenya. Elsewhere, the Kenyan shilling has weakened by 1.22 per cent against the dollar since the year began.</p>


Zimele Asset Managers

Yield on Kenya’s Eurobond rises

Britam Holdings to sell 14.3% stake to AfricInvest

Kenya’s interest rates cap wipes Sh26bn off banks’ income

Political uncertainty dampen Kenya’s economic outlook

Nairobi Securities Exchange H1 net profit dips 5%

11 Kenyan banks vote on Kenya Airways’ debt-equity swap proposal

Debt swap deal requires Kenyan banks to lend $176mn

Kenya moves to reduce the public wage bill

Rate cap cripples CBK monetary policy making – Citibank

East African Breweries Ltd issues cautionary statement

IMF concerned about Islamic banking regulation in Kenya

News Tips

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Zimele Asset Managers

Yield on Kenya’s Eurobond rises

Britam Holdings to sell 14.3% stake to AfricInvest

Kenya’s interest rates cap wipes Sh26bn off banks’ income

Political uncertainty dampen Kenya’s economic outlook

Nairobi Securities Exchange H1 net profit dips 5%

11 Kenyan banks vote on Kenya Airways’ debt-equity swap proposal

Debt swap deal requires Kenyan banks to lend $176mn

Kenya moves to reduce the public wage bill

Rate cap cripples CBK monetary policy making – Citibank

East African Breweries Ltd issues cautionary statement

IMF concerned about Islamic banking regulation in Kenya

News Tips

Advertise With Us

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