The Central Bank of Kenya (CBK) collected KSh 27,428.16 Million from the re-opened five-year (FXD1/2020/5) Treasury Bond Issue representing a 94.6 per cent subscription rate. The CBK on behalf of the National Treasury had targeted KSh 30,000.00 Million. This was the first tranche done in January with CBK set to announce results for the re-opened 10 years (FXD2/2018/10) and 20 year Treasury Bonds ( FXD1/2018/20) Auctions on January 20th, 2022 seeking to raise Ksh 60 billion for budgetary support. From the FXD1/2020/5 auction, Competitive Bids were worth KSh 26,862.19 Million while Non-Competitive Bids amounted to KSh 565.97 Million. The weighted…
Author: David Indeje
David Indeje
David Indeje is the community engagement editor at Khusoko, a leading digital platform for East African business news. He oversees editorial content, drives audience engagement, and amplifies diverse voices. Indeje also consults on digital strategy for brands in agriculture, governance, technology, and health, while exploring AI’s impact on journalism. In addition, he serves as a communications officer at KICTANet, advancing digital inclusion and policy dialogue.
In 2012, Woolworths, the property owner, sued Nakumatt after Concord Insurance, with whom they had insured the building against fire, declined to pay for the damage.
Kenya has signed six trade agreements with China with a commitment to deepen bilateral relations and cooperation. “The six trade agreements signed on Thursday between Kenya and China will improve trade and deepen relations and collaboration between our two countries. Kenya seeks to increase agricultural exports to China to address the trade imbalance between the two countries,” Kenya’s Foreign Affairs Cabinet Secretary Raychelle Omamo said. “The establishment of a working group to look into the issues of tariff and Non-Trade Barriers will see the two countries increase intra-trade.” She spoke during a bilateral meeting with China’s Foreign Minister Wang Yi…
mPharma, a technology-driven health care company has raised $35 million to build a chain of community pharmacies across Africa. Co-founder and CEO Gregory Rockson said the funding will be used to construct the startup’s data infrastructure, triple its staff by 2025 and support expansion. “We are hiring over 100 engineers to build all our technology in-house and this includes a massive data infrastructure we are creating,” Rockson said. “We are also investing in other skilled talents like doctors and nurses, professionals that are critical in the work we do.” Bloom, the company’s pharmacy management software, will allow mPharma to create…
Kakuzi Plc is a dually listed company trading on both the Nairobi and the London Stock Exchange.
Companies in Kenya are less optimistic that the country’s economic growth will gain traction in 2022, according to the latest PMI data besides witnessing an expansion to a 14-month high in December. The Stanbic Bank Kenya Purchasing Managers Index-PMI says the pace of growth was the strongest seen since October 2020 on improving customer demand and better cash flow as economic conditions recovered further from pandemic measures. The headline figure derived from the survey is the Purchasing Managers’ Index™ (PMI). Readings above 50.0 signal an improvement in business conditions on the previous month, while readings below 50.0 show a deterioration.…