(NAIROBI, KENYA) – The termination of major non-governmental organisation contracts by the United States government cut Kenya’s cash outflows by KES 25.3 billion ($196 million / £146 million) last year, according to new Central Bank of Kenya data. Money sent from Kenya to individuals and households abroad through licensed remittanceContinue Reading
(NAIROBI, KENYA) – Quickmart’s planned listing on the Nairobi Securities Exchange (NSE) will bring dividends back to the bourse’s commercial and services segment, widening options for income seeking investors. The supermarket chain said it will pay at least 80% of net profit as dividends after listing, joining a small groupContinue Reading
(NAIROBI, KENYA) – Kenyan supermarket chain Quickmart will sell up to a 57.5% stake through the Nairobi Securities Exchange (NSE), giving private equity firm Adenia and its founders a multi billion shilling partial exit. The owners, Sokoni Retail Kenya Limited (SRKL), will sell 2 billion shares equal to a 50%Continue Reading
(NAIROBI, KENYA) – Access Bank Kenya will close a KES 2.11 billion ($16.30 million / GBP 12.28 million) capital shortfall through its merger with National Bank of Kenya (NBK), as its parent firm consolidates Kenyan operations amid higher regulatory capital requirements. The Central Bank of Kenya (CBK) said on WednesdayContinue Reading
(NAIROBI, KENYA) – Local contractors and truck owners have sued the Kenyan government to force it to publish tax and duty concessions granted to Chinese contractors on infrastructure projects. The petitioners say the unpublished exemptions give foreign firms an unfair edge, creating a 25% to 35% cost gap in theirContinue Reading
(NAIROBI, KENYA) – Passenger and freight traffic on Kenya’s standard gauge railway rose in the first half of 2026, lifting combined revenue from the line’s operations to KES 11.6 billion ($89.63 million / GBP 67.56 million). Passenger revenue grew 14.6% to KES 2.37 billion ($18.31 million / GBP 13.80 million)Continue Reading
(NAIROBI, KENYA) – The Central Bank of Kenya fined 33 commercial banks for failing to pass on lower loan rates to borrowers, in a record enforcement action covering most of the industry. The penalties followed on-site inspections of all 38 commercial banks, after which the regulator moved to force lendersContinue Reading
(NAIROBI, KENYA) – Kenya’s Capital Markets Tribunal (CMT) has been unable to hear cases for close to five months because it lacks the quorum required to sit, leaving high value corporate disputes and regulatory appeals unresolved. Sources told The Daily Handle the Tribunal has been without the quorum needed toContinue Reading
(NAIROBI, KENYA) – Kenya has ordered an inquiry into the financial health and governance structures of the NHIF Sacco, following a warning over the possible liquidation of the troubled Metropolitan National Sacco over its poor cash position. Commissioner for Co-operatives David Obonyo told The Daily Handle on 22nd September theContinue Reading
(NAIROBI, KENYA) – Banks and payment platforms such as M-Pesa and Airtel Money will be required to share customer data among themselves and licensed third parties under a new Bill, ushering in open banking in Kenya. The Treasury and the Central Bank of Kenya (CBK) have jointly prepared the BillContinue Reading
