The Capital Markets Authority (CMA), Nairobi Securities Exchange and program partners on Wednesday launched the Green Bonds issuance rules and guidelines aligned to its 2014-2023 master plan to deepen and broaden Kenya’s capital markets. The guidelines include the listing rules incorporating listing requirements for Green Bonds and a Policy Guidance Note (PGN) on the issuance of Green Bonds in Kenya. Speaking at the launch of the rules, CMA Chief Paul Muthaura stated that the green bond rules are a significant step in furthering the complementary efforts of the government, regulators and the financial services industry to direct financial capital to…
Author: David Indeje
David Indeje
David Indeje serves as the community engagement editor at Khusoko, a digital platform covering East African business news. He manages editorial content, engages audiences, and amplifies diverse voices while consulting on digital strategy for brands in agriculture, governance, technology, and health. Indeje explores AI’s impact on journalism and works as a communications officer at KICTANet.
Premier Training Services Ltd, in collaboration with Six Seconds, the Wangari Maathai Foundation, and the Vale School, Muthaiga, are hosting the first-ever Emotional Intelligence (EQ4Africa) Conference in Nairobi. The conference is dedicated to empowering leaders with emotional intelligence skills. Mucha Mlingo, an Emotional Intelligence Expert based in Kenya, spoke about the conference and its importance. “Emotional Intelligence is a powerful tool that can empower people of all ages to be courageous leaders. Emotions drive people and people drive performance. It is therefore imperative to focus on this ‘soft’ side because it ultimately drives bottom-line results,” she said. https://twitter.com/PTSAfrica/status/1097777380142256128?s=20 Emotional Intelligence…
Grade A office space uptake continued apace in the second half of 2018, although prime rents stagnated at US$1.3 per square foot per month owing to the current oversupply.
The Central Bank of Kenya has published Draft Central Bank of Kenya (Mortgage Refinance Companies) Regulations, 2019 and invited the public to deliberate on it. “The Finance Act, 2018 amended the Central Bank of Kenya Act (CBK Act) to provide the legal framework for the licensing and regulation of the mortgage refinance business and to bring the operations of Mortgage Refinance Companies (MRCs) within the regulatory and supervisory purview of the Central Bank of Kenya,” said the Central Bank in a statement. According to the CBK, non-deposit taking firms will have to be established under the Companies Act and licensed…
Regional retailer Tuskys supermarket has signed a Memorandum of Understanding with Joram Kamau Leadership Programme and Riara University that will see all its 7000 staff receive training. The move aims to equip staff with knowledge and skills in advancing formal retail management. “At Tuskys, we are delighted to be unveiling this partnership and look forward to equipping our staff in Kenya and Uganda with knowledge and skills to be best in their everyday work. We are committed to advancing formal retail management by nurturing talent at an academic and practical level as part of our contribution to social economic growth…
KenolKobil’s KSh35.6 billion share-sale closes Monday opening of a take over offer to all shareholders by Rubis Energie. Rubis Énergie SAS considered that KenolKobil Plc’s shareholders will find the offer price of Ksh 23 per share very attractive as it represents a 53.4% premium to the volume weighted average price at which KenolKobil Plc shares traded over the 30 trading days preceding the issuance of the notice of intention to take-over by Rubis Énergie SAS in October 2018 and is higher than the prices at which KenolKobil Plc shares have traded since then. The offer opened on 20th December 2018…