Zimbabwe in 2016 began issuing “bond notes”, a parallel currency meant to be equivalent to the US dollar, when there was a shortage of cash circulating in the country A currency collapse can be one of the most harrowing events in a nation’s economic history, triggering widespread hardship for its citizens and businesses. In simple…
Africa Research and Innovation Hub Afreximbank has launched the Africa Research and Innovation Hub (ARIH) with an ambitious goal to turn the continent’s scientific talent into trade, jobs and growth worth as much as US$70 billion every year. Speaking at the Intra-African Trade Fair (IATF) 2025 in Algiers, Dr Yemi Kale, Afreximbank’s Group Chief Economist…
Fuel prices have seen a marginal decrease for the period of September 15 to October 14, 2025, according to a recent announcement by the Energy & Petroleum Regulatory Authority (EPRA). The EPRA attributed the price reduction to several key factors. The average landed cost of Super Petrol decreased by 0.46%, Diesel by 3.38%, and Kerosene by…
Foreign investors accelerated their exit from the Nairobi Securities Exchange (NSE) in the second week of September even as the market delivered its strongest rally in more than a decade. Selling has been concentrated in large caps. Safaricom accounted for over half of foreign sales in Week 1 and remained dominant in Week 2. Banks…
Kenya’s banking sector has surpassed its annual commitment to lend KShs 150 billion to micro, small, and medium enterprises (MSMEs), disbursing KSh 153 billion so far this year, according to the Kenya Bankers Association (KBA). ” As we configure survival, we must integrate opportunities in nature finance to sustain growth and contribute to the global…
Sanlam Kenya Plc has called an extraordinary general meeting (EGM) for 9 October 2025 to seek shareholder approval to change its name to Sanlam Allianz Holdings (Kenya) Plc. In 2022, Allianz formed a pan-African joint venture with Sanlam, launching SanlamAllianz in September 2023 with a group equity value of R35 billion ($2 billion) split 60%…
Kenyan shipments to Kigali fell sharply in the second quarter of 2025, according to the National Institute of Statistics of Rwanda (NISR), with the value of imported goods between April and June dropping to US$ 78.2 million from US$ 245.1 million a year earlier; a decline of more than 68%. “In the second quarter of…
high voltage pylon. Transportation of high voltage electricity Kenya’s new draft energy regulations would compel electricity providers to compensate consumers for outages and poor-quality supply, imposing fines for missed reports, inadequate outage notices, and technical failures. Industrial consumers stand to receive compensation amounts running into hundreds of thousands of shillings per event, calculated under a…
The National Treasury has redeemed the 12-year tax-free infrastructure bond IFB1/2013/12, settling KSh 15.2 billion on its 15 September 2025 maturity date. This marks the third major bond redemption in the last 6 months, following: Together, these redemptions have eased part of the government’s domestic debt stock, although at a heavy interest cost due to…
Ever wondered what it means when you hear a company has been placed under administration? Section 522(1): The objectives of the administration of a company are:(a) to maintain the company as a going concern; (b) to achieve a better outcome for the company’s creditors as a whole than would be the case if the company…