Markets & Investment
A fast-tracking model is being applied as the government targets 2 years timeline. The 233-kilometre road construction and dualling project is being carried out by two major Chinese concessionaires
22 hours ago
Safaricom first bond offer oversubscribed by over 175%
The first tranche was initially sized at Ksh.15 billion, with a green shoe option to raise an additional Ksh.5 billion, in case investor demand exceeded expectations.
Central Bank lowers base lending rate to 9%
The committee, which sat for the final time this year, resolved to cut the base lending rate by 25 basis points, bringing the cumulative rate cut to 400 basis points, the highest interest rate cut in Kenya's history.
Tanzania dominates World Travel Awards 2025, retains global Safari Crown
Commenting after receiving the WTA awards, the Permanent Secretary in the Ministry of Natural Resources and Tourism Dr. Hassan Abbasi said the accolades were the recognition of the great work done by Tanzanian government and private sector in promoting responsible tou...
East Africa Forum 2025 to empower women in trade and digital
Dubbed ‘Unstoppable Woman, Going Beyond Borders,’ the forum seeks to focus on advancing women’s participation in trade, digital innovation, and enterprise development.It will also provide a platform to address persistent barriers such as limited access to capital, constrained market pathways, and sl...
KBL launches Ksh.33.7M campaign to support sorghum farmers
The three-month promotion was unveiled on Saturday in Ruiru and is expected to reward more than 823,000 winners across the country.Five grand winners will each receive Ksh.500,000 in cash, while an additional Ksh.500,000 per winner will be directed to two farmer-led CBOs of their choice....
Kenya moves to embed culture in MICE tourism
Tourism and Wildlife CS Rebecca Miano said the shift is designed to demystify MICE and make it more inclusive and locally rooted.The new strategy is anchored in the MICE Mashinani initiative, which seeks to decentralise events and build local capacity.
Family Bank raises over Ksh.8B in heavily oversubscribed private share placement
The bank announced in Nairobi that the offer closed at 131 per cent subscription, drawing strong interest from pension funds, insurers, fund managers, corporates, and individual investors.
Inside six-month valuation that guided Gov’t sale of Safaricom shares to Vodacom for Ksh.245B
CS Mbadi said valuation had been done using open market data, noting that Safaricom’s share price is publicly available and has been relatively stable over the past several months.He added that over the six months leading up to October 31, Safaricom’s stock had averaged around Ksh.25 per share, form...