Absa Bank Kenya Records Solid 15% Profit Increase in Q3 Despite Interest Income Pressures
Absa Bank Kenya Plc recorded a 14.7% growth in after-tax profit to KES 16.9 billion in the first nine months ended September 2025, up from KES 14.7 billion in a...
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IMF: Kenya’s economic growth forecast for 2019/20 to be lower.
Kenya’s economy is expected to expand by 5.6% this year and 6.0% in 2020, the International Monetary Fund said on...
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NSE Market Report: Bourse Sees a 40% Drop In Trading Value
The Nairobi Securities Exchange (NSE) registered a significant decrease in trading activity during the session on Thursday 20th November, as evidenced by a pronounced 40.15% decline in turnover. The day’s trading value settled at KES 616.06 million, a substantial decrease...
CAK Gives a Nod To The Acquisition of Mace Consult by Bidco Consult
The Competition Authority of Kenya has granted unconditional approval for the acquisition of Mace Consult Holding Limited by Consult Bidco Ltd. This decisive regulatory green light was based on the Authority’s comprehensive assessment, which concluded that the transaction is not...
Virtual Assets Services Providers Act 2025 Takes Effect, Marking a Powerful and Positive Shift in Kenya’s Digital Asset Market
The Central Bank of Kenya (CBK) and the Capital Markets Authority (CMA) have announced the commencement of the Virtual Assets Services Providers Act 2025 effective Nov 4, 2025. The act establishes a framework for licensing and regulating Virtual Assets Service...
Safaricom Taps Market with KES 40B MTN Amid Falling Yields
Safaricom PLC has announced that the Capital Markets Authority of Kenya (CMA) has cleared the company to set up a KES 40B Medium Term Note (MTN) programme, allowing it to issue green, social, or sustainability bonds, with proceeds earmarked for...
NSE Market Report: Bourse Trends Upwards, Africa Mega Agricorp Plc Leads Gainers
The Nairobi Securities Exchange (NSE) recorded mixed performance in Wednesday’s trading session (19th November 2025), with 24,596,952 shares traded across 4,039 deals, corresponding to a traded value of KES 1,029,425,760.26. Compared to the previous session on Tuesday, November 18, the...
Acorn Holdings Receives CMA Nod for Build-to-Rent D-REIT to Strengthen Affordable Living for Youth
Acorn Holdings Limited has received the green light from the Capital Markets Authority (CMA) for the establishment of a Build-to-Rent Development Real Estate Investment Trust (D-REIT), aimed at expanding Kenya’s affordable housing rental market for young urbanites aged 20–30 years....
Rising Oversupply Clouds Oil Market Outlook Despite Russian Sanctions
The global oil market is currently in a state of equilibrium, caught between two powerful and opposing forces. On one hand, investors are grappling with the reality of an emerging surplus in crude supply. This is largely driven by the...
CBK announces Treasury Bond FXD1/2023/003 buyback results
The Central Bank of Kenya has announced the results of the buyback for the treasury bond issue No. FXD1/2023/003 dated 19/11/2025. The voluntary auction, which was just 6 months from the maturity of the bond in question, was aimed at...
Absa Bank Kenya Records Solid 15% Profit Increase in Q3 Despite Interest Income Pressures
Absa Bank Kenya Plc recorded a 14.7% growth in after-tax profit to KES 16.9 billion in the first nine months ended September 2025, up from KES 14.7 billion in a similar period the previous year, powered by growth in non-interest...
Zenith Set to Acquire Paramount Bank in a Bold, Positive Step Toward East Africa Expansion
Nigerian-based lender Zenith Bank intends to acquire Kenya’s Paramount Bank for an undisclosed amount. Zenith, Nigeria’s second-largest bank by total assets, is seeking regulatory approval to expand its footprint into East Africa through the acquisition. Paramount Bank is a Tier...
Electronics Imports Curbed as Kenya Bans Aged Devices to Tackle E-Waste
Kenya is set to ban the importation of electronics older than 12 years as part of a major initiative to curb electronic waste dumping. Proposed by the National Environment Management Authority (Nema), this regulation targets the 70% of electronic equipment...
Proparco Boosts Kenya’s Renewable Energy Drive With Strategic Stake in 100MW Kipeto Wind Project
French development finance institution Proparco has acquired an equity stake in Meridiam's 100MW Kipeto wind farm in Kenya, a transaction which is a co-investment alongside the Meridiam Infrastructure African Fund II, in which the Paris-based impact investor is also an...
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