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KMRC green bond attracts 312pc oversubscription, exceeds target to hit Sh9.4bn

Nairobi, May 14 -- Kenya Mortgage Refinance Company (KMRC)'s inaugural green bond defied absence of a tax-free sweetener to attract bids worth Sh9.4 billion against the targeted Sh3 billion, represent... Read More


Kenya Pipeline sale proceeds to fund JKIA expansion, Ruto now reveals

Nairobi, May 12 -- Kenya will use Sh38.7 billion from the proceeds of Kenya Pipeline Company stake sale to expand Jomo Kenyatta International Airport (JKIA). President William Ruto on Tuesday reveale... Read More


Kenya to spend Sh38.7bn from State asset sale on JKIA expansion

Nairobi, May 12 -- Kenya will use Sh38.7 billion from the proceeds of Kenya Pipeline Company stake sale to expand Jomo Kenyatta International Airport (JKIA). President William Ruto on Tuesday reveale... Read More


Safaricom Ethiopia takes $134m external debt on shallow local lending capacity

Nairobi, May 11 -- Regulatory constraints in Ethiopia pushed Safaricom's subsidiary in that market to take a $134.0 Million (Sh17.3 billion) worth of hard currency debt from external sources in the ye... Read More


I&M Bank Kenya marks Sh6.5bn from bond sale to repay dollar debt

Nairobi, May 5 -- I&M Bank Kenya will use part of the proceeds from its May corporate bond to retire dollar denominated debt to the tune of $50 million (Sh6.5 billion) and mitigate the firm's exposure... Read More


KMRC prices green bond at 12.2pc, eyes tax-free sweetener

Nairobi, May 4 -- The Kenya Mortgage Refinancing Company (KMRC) has offered a fixed interest rate of 12.2 percent per annum for an eight-year term for its green bond that targets to raise Sh3 billion,... Read More


Landlords face mandatory listing under KRA's Sh80bn rental tax drive

Nairobi, April 30 -- Residential rental property owners could face mandatory registration on a newly rolled-out tax portal if a proposal by the Kenya Revenue Authority (KRA) is adopted. In the newly ... Read More


KMRC seeks to raise Sh3bn in green bond issue

Nairobi, April 27 -- The Kenya Mortgage Refinance Company (KMRC) is scheduled to float a sustainability bond on April 28, with a target to raise Sh3 billion, in what would mark the second green-debt i... Read More


CBK's Thugge downplays rate pressure after rise in domestic borrowing target

Nairobi, April 22 -- The government's raised domestic borrowing target for the 2025/26 fiscal year is unlikely to exert fresh pressure on interest rates, the Central Bank of Kenya (CBK) has said, noti... Read More


Kenya eyes Sh64.5bn debut green bond to plug funding deficit

Nairobi, April 19 -- Kenya will issue its debut $500 million (Sh64.5 billion) green sovereign bond before the close of the current financial year in June with the help of the World Bank. The Central ... Read More