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London Stock Exchange Group (LSEG) is in Nairobi to build on the strong economic partnership between the UK and Kenya and discuss how best to encourage greater capital markets collaboration, in particular around equity & debt dual-listings. Nikhil Rathi, CEO, London Stock Exchange PLC, Suneel Bakhshi, Chairman International Advisory Groups London Stock Exchange Group, and

The International Monetary Fund (IMF) has approved Kenya’s request for 6th month extension to a US$1.5 billion standby facility that was to expire in March 2018. The request was made to allow the nation to complete reviews of the lender-supported programme. “The Executive Board of the International Monetary Fund (IMF) today approved a new SDR 709.259

The local Sanlam Group affiliate has welcomed the completion of a US $1billion corporate acquisition of the North Africa headquartered insurance firm, Saham Finances. The deal at a US$1050 million consideration, allows the Sanlam Group to become a truly Pan-African insurance, investment and ancillary services group, able to service multi-national clients and their intermediaries more

Dr.James Mwangi Group Managing Director and Chief Executive Office of Equity Group has been appointed to the IFC board as an Economic advisor. He will has join global board of fellow eminent economists, practitioners and thought leaders to offer leadership advice, innovative ideas and partnership to IFC “We believe you can add significant value to

Kenya is among the top-five favorite property investment locations for Africa’s super-rich, with nearly a quarter (24%) already owning real estate in the country according to the Attitudes Survey data for The Wealth Report 2018. South Africa is the fourth favorite property investment location for Africa’s super-rich at 9 per cent. In total, 4 per

Kenya’s population of individuals worth at least US$5 million (approx Ksh500 million) in net assets rose to 1,290 in 2017, a 16.2% increase from 1,110 in 2016, according to data provided by Wealth-X for the Knight Frank Wealth Report 2018. Out of the 1,290 individuals, 90 are worth US$50 million (Kshh5 billion) or more. However,

Total Assets increased by 4.70% from Ksh. 259.4 billion in 2016 to Ksh. 271.7 billion. This may be attributed to the increased investments in Kenya Government securities.   The total interest income decreased by 3.40% from Ksh. 28.1 billion in 2016 to Ksh. 27.1 billion owing to the flat growth of loans and advances to

Meet SONGA by Safaricom, an application providing music lovers a music streaming plat form with over 2 million local and international songs from over 400,000 artists. The SONGA by Safaricom app offers online and offline play interfaces, track and full album downloads, playlist creation and an ability to share links with other subscribers. Safaricom has

Uber Kenya in partnership with local CMC Motors (Suzuki franchise holder) has imported 300 Alto cars in a bid to pilot the Uber chap chap service. Kenya Stanbic Bank facilitated the financing at a subsidized cost of Ksh 835,000 per vehicle. “The fuel-efficient car allows the driver-owners to repay the financing as well as extending

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