(NAIROBI, KENYA) – Kenya’s insurance regulator and Kenya Re have differed over a regulatory filing showing the reinsurer bought a KES 3.39 billion ($26.2 million) stake in collapsed Athi River Mining Cement, raising questions over the identity of the listed transaction. The filings from the Insurance Regulatory Authority for theContinue Reading
(NAIROBI, KENYA) – Kenya’s digital credit market has reached a new regulatory milestone after the Central Bank of Kenya licensed 29 additional Digital Credit Providers, bringing the total number of regulated lenders to 281. The latest approvals follow the licensing of 25 digital lenders in July 2026, as the regulatorContinue Reading
(NAIROBI, KENYA) – Kenyan Eurobond yields have fallen in recent weeks, resisting pressure from rising interest rates on similar instruments in advanced economies such as Japan and the United States, in a sign that Kenya can raise funds cheaply in international capital markets. Yields on all but one Eurobond haveContinue Reading
(NAIROBI, KENYA) – Kenyan investors will be able to buy shares in the Dangote Petroleum refinery for as little as KES 490 ($3.80 / GBP 2.90) through the Nairobi Securities Exchange under a new investment vehicle awaiting regulatory approval. Investors will also be able to purchase shares valued at KESContinue Reading
(LAGOS, NIGERIA) – Dangote Group has opened talks with Nigeria’s securities regulator to increase the number of shares offered in its refinery initial public offering, as the issuance draws strong demand from retail and institutional investors. The IPO, Africa’s largest, seeks to raise KES 207.5 billion ($1.6 billion / GBPContinue Reading
(LAMU, KENYA) – Engineering and technology contracts worth more than $100 million (£78 million) have been awarded for Kenya’s $16 billion (£12 billion) oil refinery project in Lamu, as construction began on what will be East Africa’s largest industrial facility. India’s state-owned Engineers India Limited secured a contract exceeding $450Continue Reading
(NAIROBI, KENYA) – Shelter Afrique plans to raise $500 million (KES 64.83 billion / GBP 383 million) through a sustainability-linked bond for East Africa in the first quarter of 2027, with the largest portion to be listed on the Nairobi Securities Exchange. The pan-African housing development bank will issue theContinue Reading
(NAIROBI, KENYA) – Kenyan businessman Peter Muthoka earned a profit of KES 2.5 billion ($19.3 million / GBP 14.8 million) from the sale of his airport services firm Transglobal Cargo Centre (TCC) to Turkish ground handling company Celebi, after selling the business for close to twice the value of itsContinue Reading
(NAIROBI, KENYA) – The operator of a Kenyan investment scheme cited in court for fraud is recruiting thousands of investors into a new platform, asking them to deposit $400 (KES 51,800 / GBP 307) to unlock funds estimated at close to KES 1 billion ($7.7 million / GBP 5.9 million)Continue 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
