(NAIROBI, KENYA) – The Public Service Superannuation Fund (PSSF) has grown its membership to 529,635 and expanded its assets under management to KES 340.4 billion ($2.64 billion / £2.09 billion / €2.43 billion), five years after the contributory pension scheme began operations. PSSF Chief Executive Officer Dr Jonah Aiyabei saidContinue Reading
(NAIROBI, KENYA) – The Public Service Superannuation Fund (PSSF), Kenya’s civil servants pension scheme, is changing its investment policy to reduce its heavy reliance on fixed income securities and take on more risk in pursuit of higher returns for its members. The fund had KES 270.1 billion ($2.09 billion /Continue Reading
(NAIROBI, KENYA) – Investors on the Nairobi Securities Exchange are avoiding the securities lending and borrowing scheme, put off by a rally in share prices that has made short selling risky. The scheme, also known as the Securities Lending and Borrowing (SLB) programme, is a regulated financial process where anContinue Reading
(NAIROBI, KENYA) – The Central Bank of Kenya has approved the acquisition of up to 66% of NCBA Group by South Africa’s Nedbank Group, clearing a key hurdle for the conclusion of the KES 110 billion (about $838 million / £659 million / €769 million) transaction. Investors in the NairobiContinue Reading
(NAIROBI, KENYA) – Safaricom has begun paying shareholders its final dividend of KES 46.08 billion (about $351 million / £276 million / €322 million) ahead of the official 4th September payment date, giving investors early access to the telecommunications firm’s record payout. The company approved a final dividend of KESContinue Reading
(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
