Nairobi, Feb. 19 -- The Treasury has bought back $1.44 billion (Sh210 billion) out of the outstanding $2 billion (Sh291.7 billion) of its 2014 Eurobond, opting to utilise the entire amount it raised f... Read More
Nairobi, Feb. 16 -- Cash hoarders who flooded the market to dump their stash of US dollars in panic trades at a time the country was receiving significant inflows from foreign buyers of the infrastruc... Read More
Nairobi, Feb. 15 -- Global ratings agency Moody's has changed its outlook on the Kenyan banks to negative from stable, citing concerns about high volumes of non-performing loans despite solid profitab... Read More
Nairobi, Feb. 14 -- Kenya is set to pay dearly to avert a default of the $2 billion Eurobond maturing in June after it settled on a higher rate on its return to the global debt market to finance an ea... Read More
Nairobi, Feb. 13 -- Prime office developers kept their asking rents flat, even as occupancy rates increased, making investors in commercial space miss out on the double-digit returns being witnessed b... Read More
Nairobi, Feb. 13 -- Kenya's return to the international bonds market on Monday is set to relieve pressure on local lenders to finance the budget deficit for the current fiscal year, signalling a poten... Read More
Nairobi, Feb. 12 -- The value of dollar deposits held by Kenyans in local banks rose by 68 percent to a record Sh1.55 trillion in the 12 months to December 2023 on a weakening of the shilling and accu... Read More
Nairobi, Feb. 9 -- Kenya will on Monday tap the international bond market for the first time since 2021 to raise cash to finance a buyback of the 10-year $2 billion (Sh321 billion) Eurobond, a move th... Read More
Nairobi, Feb. 8 -- Pension contributors are staring at a major erosion of their savings after annual returns on investments in 2023 by pension funds shrunk below the rate of inflation. A periodic pen... Read More
Nairobi, Feb. 7 -- Property prices in Nairobi and its satellite towns defied tough economic conditions in the fourth quarter of 2023 to rise at the highest pace in seven years. Property price analysi... Read More