Kenya’s eurobond issuance raises $1 billion with a 5 fold oversubsription

Kenya  treasury on the 17th June 2021 confirmed the country had successfully raised $ 1 billion from investors. According to Treasury, the oversubscription is a sign of investor confidence in Kenya’s economic recovery plan. The bond was issue has a 12-year tenor and is priced at 6.3% The new loans are expected to add on to public debt currently More...

by admin | Published 14 hours ago
By admin On Monday, June 14th, 2021
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Kenya’s Chris Kirubi dies at 80

Businessman and industrialist Chris Kirubi has passed away, his family has confirmed.His family said he died on Monday after a long battle with cancer. He was 80 years old.”It is with great sadness that we More...

By admin On Monday, June 14th, 2021
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Kenya – Finance minister tables budget for 2021/22 FY

Kenya’s minister of finance joined some of his East African Community (EAC) counterparts on 10 June 2021 to present the country’s KSh3.6trn national budget for 2021/22. Finance Minister Ukur Yatani noted that More...

By admin On Wednesday, June 9th, 2021
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Kenya eyes 72,000 AstraZeneca doses surrendered by South Sudan due to slow uptake

Kenya will receive 72,000 Covid-19 vaccine doses that neighbouring South Sudan returned to COVAX citing slow uptake, delays by Parliament to approve the drugs’ use, and a drawn-out training of people to administer More...

By admin On Wednesday, June 9th, 2021
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Growing diaspora cash transfers flowing to a few pockets in Kenya

Kenyans have continued to get support from abroad receiving over Sh333 billion per year but the inflows are going to a very small number of households. Kenyans living and working abroad sent home Sh122.69 billion More...

By admin On Thursday, June 3rd, 2021
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US envoy Jeffrey Feltman to visit Kenya

The U.S. envoy for the Horn of Africa, Jeffrey Feltman, is traveling to Qatar, Saudi Arabia, the United Arab Emirates, and Kenya this week, the State Department said on Tuesday. From May 31 to June 6, Feltman planned More...

By admin On Tuesday, June 1st, 2021
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Turkey captures nephew of US-based preacher Fethullah Gulen in Kenya

The report did not say where he was captured or when he was returned to Turkey. Selahaddin was believed to be residing in Kenya. On May 6, a Kenyan court banned Selahaddin’s arrest and extradition to Turkey, More...

By admin On Thursday, May 27th, 2021
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Maersk Vessels maiden call at Kenya’s Lamu port

Bloomberg and additional reporting by Robert Kibet – KLN Two Maersk vessels made maiden calls at Kenya’s new Indian Ocean port in Lamu, edging the nation closer to fulfilling its ambition of becoming the More...

By admin On Thursday, May 27th, 2021
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Diaspora Remittance and Savings: Capital base for Africa’s Financing Needs

  Financing Africa’s public and private sector projects has always been an expensive business, the outbreak of COVID 19 has caused a tremendous strain on access to finance, in an already stretched environment. More...

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