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Stockbrokers lower minimum investment in Dangote IPO

Nairobi, Oct. 7 -- Local stockbrokers with access to shares in the Dangote initial public offering (IPO) have cut the minimum investment amount from the initial Sh107,000 in competition to attract ret... Read More


World Bank upgrades Kenya's 2026 growth forecast to 4.6 percent

Nairobi, Oct. 7 -- The World Bank Group has revised Kenya's 2026 growth outlook upwards to 4.6 percent from 4.4 percent previously, signalling resilience in domestic output amid shocks from the Middle... Read More


CBK holds benchmark rate at fourth straight policy meeting

Nairobi, Oct. 7 -- The Central Bank of Kenya (CBK) has held its benchmark lending rate unchanged for a fourth straight time since February at 8.75 percent as inflation remains contained within the tar... Read More


CMA okays Dangote refinery Kenya share sale after delay

Nairobi, Oct. 6 -- The Capital Markets Authority (CMA) has finally approved the sale of ongoing Dangote Petroleum Refinery shares via the Nairobi bourse using a special financial instrument. The appr... Read More


Kenyans need at least Sh107, 000 for Dangote IPO shares

Nairobi, Oct. 6 -- Kenyan investors will need at least Sh107,000 to buy shares in Nigeria's Dangote Petroleum Refinery initial public offering through a financial instrument, which will be listed on t... Read More


Banks expect borrowing costs to fall on unchanged CBK benchmark rate

Nairobi, Oct. 5 -- Commercial banks expect borrowing costs to fall further even as the Central Bank of Kenya (CBK) is widely expected to hold the benchmark rate unchanged for a fourth time this week. ... Read More


From M-Pesa pioneer to Absa boss: The rise of Sitoyo Lopokoiyit

Nairobi, Oct. 4 -- When Kenya pioneered mobile-money in 2007, Sitoyo Lopokoiyit sat next to Safaricom's founding chief executive Michael Joseph at the launch of M-Pesa. At the time, he wasn't even an ... Read More


Why Kenya is unlikely to ink a new IMF deal before 2027 polls

Nairobi, Oct. 4 -- Kenya is unlikely to ink a new deal with the International Monetary Fund (IMF) before the conclusion of the August 2027 General Elections, dealing a blow to Treasury's efforts to pl... Read More


CMA questions hit Kenya sale of Dangote shares

Nairobi, Oct. 1 -- The Capital Markets Authority (CMA) has delayed approval of a financial instrument that will allow Kenyan investors access to the ongoing Dangote Petroleum shares sale for as little... Read More


Dangote offers Kenyans shares for Sh49 via NSE

Nairobi, Sept. 29 -- Kenyan investors will have access to the ongoing Dangote Petroleum shares sale for as little as Sh490 through the Nairobi Securities Exchange (NSE) under a new vehicle that awaits... Read More