(NAIROBI, KENYA) – Centum Investment Company Plc has announced the departure of Group Chief Executive Officer James Mworia after nearly 18 years at the helm. He is set to become the founding Chief Executive Officer of the National Infrastructure Fund. The Board has appointed Thomas Omondi-Achola, currently Partner for PortfolioContinue Reading
(NAIROBI, KENYA) – Emergency government spending in Kenya reached KES 364.24 billion over the four year period ending June 2026, according to official data published by the Office of the Controller of Budget. The figure amounts to approximately $2.82 billion based on current exchange rates. The disclosures reveal a sharpContinue Reading
(NAIROBI, KENYA) – Britam Holdings has cleared accumulated losses of KES 5.87 billion ($45.7 million / £35.6 million) from its balance sheet, opening the way for the resumption of dividend payments after a six year pause. The Nairobi Securities Exchange listed insurer said the reduction became effective on 7th SeptemberContinue Reading
(NAIROBI, KENYA) – Investors have paid a premium to switch KES 11 billion ($85.6 million / £66.8 million) of holdings from a bond maturing in February 2028 into another government paper offering a higher interest rate and a lower withholding tax rate. The switch was conducted by the Central BankContinue Reading
(MOMBASA, KENYA) – Clearing and forwarding agents at the Port of Mombasa have asked the Kenya Revenue Authority to withdraw a new Export Declaration requirement that they say has delayed cargo release and led to mounting storage costs. KRA has responded by explaining the legal basis of the rule. TheContinue Reading
(NAIROBI, KENYA) – Mansa-X Special Funds have become the largest Collective Investment Scheme in Kenya after their assets under management rose to KES 188 billion ($1.46 billion / £1.14 billion) by the end of June 2026. The funds now command a 20% market share of the country’s CIS sector. TheContinue Reading
(NEW YORK, US) – Foreign investors sold KES4.55 billion ($27.9 million / £22.9 million) worth of shares on the Nairobi Securities Exchange in August, the largest monthly outflow in 10 months, as they moved to lock in profits from a sharp rally in blue chip stocks. Net sales by foreignContinue Reading
(NAIROBI, KENYA) – Investors in six suspended stocks at the Nairobi Securities Exchange are demanding answers from the Capital Markets Authority over delays in resolving receiverships. The stocks of Mumias Sugar, ARM Cement and Deacons East Africa have now been frozen from trading for eight years. The six suspended stocksContinue Reading
(NAIROBI, KENYA) – NCBA Group shareholders who sold a 66% stake to Nedbank have booked a capital gain of KES21.4 billion ($138 million / £109 million) on the 43.63 million discounted shares of the South African bank. The gain comes after a rally in Nedbank shares since the conversion rateContinue Reading
(NAIROBI, KENYA) – Equity Group CEO James Mwangi’s stake in the lender climbed to a record KES13.42 billion ($104 million / £81.9 million) on Thursday as the bank’s share price extended a six session gaining streak on the Nairobi Securities Exchange (NSE). Mwangi, who owns 127,809,180 Equity shares, has seenContinue Reading
