(NAIROBI, KENYA) – The Kenya Union of Savings and Credit Co-operatives (Kuscco) has entered formal liquidation after members voted to wind up the umbrella body, a move that will see its estimated KES 5.4 billion (about $41 million / £32 million / €38 million) in assets distributed among creditors owedContinue Reading
(NAIROBI, KENYA) – Kenya Commercial Bank (KCB) has established a medium term sustainability bond programme of up to KES 300 billion, equivalent to about $2.32 billion / £1.72 billion / €2.00 billion, to finance green, blue and social investments over more than five years. The programme is subject to regulatoryContinue Reading
(NAIROBI, KENYA) – Kenya’s pension schemes sharply increased their holdings of quoted shares in the first half of 2026, moving more capital towards the Nairobi Securities Exchange (NSE) as falling government bond yields and rising share prices made equities more attractive. Data from the Retirement Benefits Authority (RBA) shows pensionContinue Reading
(NAIROBI, KENYA) – Shareholders of companies listed on the Nairobi Securities Exchange will receive KES74.95 billion ($576.5 million / £454.2 million) in dividends between late August and early November, boosted by a sharp rise in corporate profits and share prices. The payouts have become a key source of cash forContinue Reading
(NAIROBI, KENYA) – Absa Group has failed in its bid to raise its stake in Absa Bank Kenya to as much as 85% through a tender offer worth about $238 million (KES30.8 billion / £187 million). The South African banking group bought 189.38 million shares from minority shareholders out ofContinue Reading
(NAIROBI, KENYA) – The National Social Security Fund (NSSF) has revived plans to develop its 1,000 acre land in Mavoko, Machakos County into a mixed use city, nearly 15 years after first proposing to put up housing on the property. The state controlled pension fund in June called for proposalsContinue Reading
(NAIROBI, KENYA) – The National Social Security Fund is planning to increase its investments in offshore listed shares and private equities as it looks to diversify its portfolio away from domestic government securities and property markets. The State backed pension fund is seeking to appoint an investment manager to establishContinue Reading
(NAIROBI, KENYA) – Kenya Airways expects to bring in a strategic investor by December 2026 as part of a plan to rebuild its finances after years of losses and state support. The National Treasury told the Public Accounts Committee of Parliament that the airline and the government, which is theContinue Reading
(Nairobi, Kenya) – Kenya’s National Assembly has ordered an investigation into QVSE, an online platform offering investment opportunities to Kenyans by combining cryptocurrency payments with trading in United States stocks. Speaker Moses Wetang’ula directed the Finance and National Planning Committee to probe the activities of the platform, which operates underContinue Reading
(NAIROBI, KENYA) – Kenyan taxpayers lost at least KES 14.3 billion after the National Treasury and the National Assembly ignored technical advice from a State think tank and pushed through the sale of Safaricom shares at a lower price. The loss is equal to about $88.4 million or £69.5 million.Continue Reading
