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Banks, pension funds blocked from juicy infrastructure bonds

Institutional investors, including pension funds, commercial banks, and insurance companies, could soon be locked out of lucrative infrastructure bonds due to a proposed radical shift in the rules for participation in Kenya’s debt market. — Read More

Treasury slashes budget by Sh267bn on revenue shortfall

The Treasury has slashed the 2024/25 budget by Sh267.5 billion to reflect the reality of underperforming revenues amid a ballooning public debt. — Read More

Heavy rains expose Kenya’s sanitation and hygiene crisis

Flooding caused by rains in Kenya has left a trail of death and destruction in its path, raising alarms about the country’s disaster preparedness. — Read More

Why UK rejects Kenya’s ban on second-hand bus, truck imports

The United Kingdom says it is opposed to Kenya’s ban on the importation of used buses and trucks because it believes the rules go against the bilateral trade pact between London and Nairobi. — Read More

Portland Cement reopens factory after Sh400m upgrade

The East African Portland Cement PLC (EAPCC) has resumed full production at its Athi River-based factory after completing a Sh400 million plant upgrade in a plan set to increase its production capacity in the next two years. — Read More

Kenyattas, Equity CEO top in Sh63bn bank dividends

The families of Jomo Kenyatta, former Central Bank of Kenya Governor Philip Ndegwa, I&M Bank founder Suresh Shah, and Equity Group CEO James Mwangi are among the top beneficiaries of the Sh63.1 billion in dividends paid by Kenya’s listed banks. — Read More

Flexible capital raising to boost economic growth

The capital markets are expected to be better placed to support flexible capital raising to fund accelerated economic growth, following the review of the public offers and listing regulations. This is in line with the Bottom-up Economic Transformation Agenda (BETA). — Read More

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