Category: Economy&Finance
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Nairobi Governor Sakaja Johnson held a high-level meeting on Friday with the China National Electric Engineering Company (CNEEC) to advance plans for a 45 MegaWatt Waste-to-Energy plant in Dandora. [Photo/Courtesy] Nairobi Governor Johnson Sakaja has confirmed that the long-awaited Dandora Waste-to-Energy project is finally on track, with a 45-megawatt power plant set to rise from…
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Investors shied from the 30 year Treasury bonds due to its unattractive pricing. The Government’s fiscal agent, Central Bank of Kenya (CBK), received bids worth KSh 97.3 billion, out of the KSh 40 billion worth of 20 year and 25 year Treasury bonds offered at this Wednesday’s auction. The CBK raised KSh 61.4 billion from…
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All NSE indices were down during the week. Activity at the Nairobi Securities Exchange (NSE) has dampened following a decision on Wednesday by the US Federal Reserve Department at its September 17th meeting to cut its benchmark lending rate by 0.25 percentage points. This brings borrowing costs in a range of 4% to 4.25% – the…
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Smartphones have democratised access to international currency markets. Kenya’s mobile technology advancement has transformed how people access financial markets. The country that pioneered mobile money through M-Pesa now leads East Africa in smartphone adoption for trading activities. Modern forex trading app solutions have made currency markets accessible to ordinary Kenyans who previously couldn’t participate in…
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Edha Abdallah Munif tightening grip on cement market. Kenya’s Parliament has temporarily put brakes on plans by a foreign tycoon Edha Abdallah Munif, to acquire 29.2% stake in listed East African Portland Cement Company (EAPCC), through Kalahari Cement. The company associated with Munif received a nod from Capital Markets Authority (CMA) to buy EAPCC stakes…
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Outside Central Bank of Kenya (CBK) headquarters in Nairobi. The Central Bank of Kenya (CBK) has unveiled a Banking Sector Cybersecurity Operations Centre, known as BS-SOC, aimed at strengthening the country’s financial system against increasingly sophisticated cyberattacks. In a statement released on Monday, September 22, 2025, the BS-SOC is part of CBK’s strategic plan for…
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The Nairobi Securities Exchange (NSE) has increased initial margin requirements across multiple single stock and index futures, effective 19 September 2025, in a move aimed at strengthening risk management within its derivatives segment (NEXT). Contract Dec 2025 Mar 2026 Jun 2026 Sept 2026 Safaricom (SCOM) 3,700 4,000 4,300 4,600 KCB Group (KCBG) 6,700 7,100 7,500…
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Kenya’s tea production fell sharply in the first half of 2025, dropping 12.39% to 283.25 million kilograms from 323.30 million kilograms in the same period in 2024, according to the Tea Board of Kenya (TBK). Estates output fell 12.3% to 64.58 million kilograms, while Nyayo Tea Zones dropped 17.8% to 2.19 million kilograms. Independent producers…
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Ethiopia’s Prime Minister Abiy Ahmed has appointed State Finance Minister Dr. Eyob Tekalign as governor of the National Bank of Ethiopia, filling the vacancy left by Mamo Mihretu earlier this month. Mamo resigned after 32 months in office, during which he floated the birr, strengthened central bank independence, and opened the financial sector to foreign…
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LafargeHolcim East Africa Limited has entered members’ voluntary liquidation, formally ending the Swiss cement giant’s presence in Kenya after nearly six decades of operations. The liquidation marks the final step in LafargeHolcim’s strategic withdrawal from East Africa. The company had played a central role in Kenya’s cement sector since taking control of Bamburi in the…