Nairobi, Oct. 8 -- The Central Bank of Kenya (CBK) has raised its monthly target from bond sales to more than Sh100 billion in the current fiscal year from an average of Sh70 billion in the previous y... Read More
Nairobi, Oct. 7 -- The anchor shareholders of Quickmart can sell up to 800 million shares or 40 percent of their remaining stake without restriction, following the retailer's initial public offering (... Read More
Nairobi, Oct. 6 -- The World Bank's private investment arm is buying a 6.5 percent stake in Quickmart through the retailer's initial public offering (IPO) for Sh1.94 billion ($15 million), making a re... Read More
Nairobi, Oct. 2 -- Airtel Money Kenya's parent firm has signalled a mobile money market price war with Safaricom's M-Pesa in its effort to expand its local market share, saying that high market penetr... Read More
Nairobi, Oct. 1 -- British multinational Diageo Plc has disclosed that it has booked a Sh5.57 billion charge (loss) relating to the sale of its stakes in EABL and UDV Kenya Limited to Japan's Asahi Gr... Read More
Nairobi, Sept. 30 -- Japanese beverage maker Asahi Group Holdings has said it will ride on newly introduced international premium beer brands to grow its business in the East Africa region, after comp... Read More
Nairobi, Sept. 29 -- Payment providers such as M-Pesa and Airtel Money can invest customer deposits in government securities and interest-bearing bank accounts amid growing calls for the firms to shar... Read More
Nairobi, Sept. 28 -- A shareholder of Mumias Sugar has reported the Capital Markets Authority (CMA) to the office of the Ombudsman, accusing the regulator of failing to address his concerns about the ... Read More
Nairobi, Sept. 27 -- The Central Bank of Kenya (CBK) has turned to two familiar 15- and 20-year Treasury bonds in its Sh50 billion October issuance, hoping to ride the demand they attracted last month... Read More
Nairobi, Sept. 27 -- Representative offices of foreign banks in Kenya recorded a 15.8 percent drop in value of transactions in 2025 on reduced cross-border payments and project financing business. Th... Read More