AFRICAN MARKETS
NSE on Bullish Momentum as NASI Gains 0.6%
The Nairobi Securities Exchange (NSE) closed today’s session in the green with broad-based gains recorded in major indices. The Nairobi...
BUSINESS NEWS
Airtel Challenges Rivals With Sh5.6 Billion Tatu City Data Center Project
Airtel Africa is investing Sh5.68 billion ($44 million) in Tatu City to construct what is expected to become East Africa’s...
ASIAN MARKETS
Asian Markets Rise as Japan’s Nikkei Surges to Record High on Takaichi’s LDP Takeover
Bond markets responded across Asian Markets with upward pressure on yields. Japan’s 30-year government bond yield rose over 10 basis...
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CORPORATE NEWS
Treasury Allocates KES 1.1 Billion to Consolidated Bank Recapitalization
Tier III lender Consolidated Bank of Kenya expects a fresh capital injection by June 30, 2026, from the National Treasury...
GLOBAL MARKETS
Oil Slips From Recent Highs Despite Ongoing Supply Fears
Oil prices declined on Wednesday after recording gains over the previous three trading sessions, as investors closely monitored the fragile...
CRYPTO CURRENCIES
United Nations Urge Kenya Implement Cryptocurrencies Tax Regulations.
The UN trading agency also directed that banks and related organizations should be advised not to hold cryptocurrencies and related...
LATESTNEWS
Oil Slips From Recent Highs Despite Ongoing Supply Fears
Oil prices declined on Wednesday after recording gains over the previous three trading sessions, as investors closely monitored the fragile ceasefire involving Iran while awaiting the outcome of a high-level meeting between U.S. President Donald...
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Kenya Issues Open Access Electricity Regulations, Ending Kenya Power’s Monopoly
Kenya has officially cleared the path for electricity producers to sell power directly to large consumers, defying a warning from the World Bank against ending the monopoly long held by Kenya Power. The government published...
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Uganda Launches Historic €405.5 Million Sukuk Bond to Finance SGR Project
The Government of Uganda is in the advanced stages of issuing its first-ever sovereign Sukuk bond, a move designed to diversify its funding sources for the Standard Gauge Railway (SGR) project. This inaugural Shariah-compliant bond...
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NSE on Bullish Momentum as NASI Gains 0.6%
The Nairobi Securities Exchange (NSE) closed today’s session in the green with broad-based gains recorded in major indices. The Nairobi All Share Index (NASI) rose by 0.6% to 209.37 points, supported by gains in market...
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Treasury Allocates KES 1.1 Billion to Consolidated Bank Recapitalization
Tier III lender Consolidated Bank of Kenya expects a fresh capital injection by June 30, 2026, from the National Treasury following the allocation of KES 1.125 billion in the 2026/2027 draft programme-based budget to strengthen...
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