Kenya  Safaricom gets approval for new money market fund Safaricom’s Ziidi Money Market Fund has received approval from the Capital Markets Authority (CMA). The fund will operate in partnership wit...

Kenya Senators, MPs reach a deal on revenue allocation to counties  County governments are set to receive Ksh 387 billion as equitable revenue share raised after the National Assembly Committee and t...

Kenya Three NSE stocks join Morgan Stanley small-cap index The Morgan Stanley Capital International (MSCI) index has added three NSE counters—Kenya Power, Carbacid Investments Plc, and Bamburi Cemen...

Kenya Borrowers hit as IMF opposes CBK’s plan to cut cost of loans The International Monetary Fund (IMF) has warned Kenya against a larger interest rate cut despite the fall in inflation to a 17-yea...

Kenya Kenya Power resumes dividends with Ksh 30B profit Kenya Power and Lighting Company(KPLC) has resumed paying dividends after a six-year hiatus, following a net profit of Ksh 30.08 billion in the ...

Kenya Local investor activity climbs at NSE, foreigners retreat Local investors have gained prominence at the Nairobi Securities Exchange (NSE) over the past three months, reflecting reduced activity ...

Kenya CBK advances fast-payment system for seamless financial interoperability The Central Bank of Kenya (CBK) is advancing the development of a Fast-Payment System (FPS) to enable instant money trans...

Kenya Treasury turns up heat on KRA over leaky revenue systems  The Kenya Revenue Authority (KRA) has come under scrutiny over its ability to plug tax leaks while failing to improve its systems and c...

Kenya Banks offered bond swap as KQ misses Ksh19bn loans deadline Top commercial banks will convert Ksh19.3 billion ($149.9 million) worth of loans advanced to Kenya Airways (KQ) into Treasury bonds a...

Kenya Adani seeks KSh635bn from Kenyans for power lines, substations India’s Adani Group will seek KSh634.7 billion ($4.92 billion) from Kenyans over the next 30 years for building high-voltage powe...

Kenya Kenya’s imports from China surge to KSh258 billion amid SGR orders Kenya’s imports from China rebounded significantly in the past six months ending June 2024, marking the fastest gro...

Kenya How ministries spent KSh 27 billion on lavish travel A new report by the Controller of Budget (COB) has exposed how ministries spent KSh 27 billion on foreign travel despite State House directiv...