Author: Muindi

Family Bank will debut on the Nairobi Securities Exchange on 23 June 2026, after the Capital Markets Authority granted formal approval for the lender to list by way of introduction. A listing by introduction places the bank’s existing 1.305 billion shares on the NSE for public trading without issuing new shares. No fresh capital enters the bank. Instead, the mechanism opens the market to all investors, unlocks liquidity for current shareholders, and lets open trading set a transparent price for the stock. Why Now The timing reflects years of deliberate preparation rather than opportunism. Managing Director Nancy Njau framed it…

Uganda Airlines has signed a $982 million agreement with Boeing for 10 new aircraft, the most significant fleet commitment in the carrier’s short history and a direct statement of intent in one of Africa’s most contested aviation markets. President Yoweri Museveni witnessed the signing at State House Entebbe on Tuesday. The deal, valued at approximately Shs 3.7 trillion, covers both passenger and cargo aircraft and forms the centrepiece of the government’s strategy to use aviation as a lever for trade, tourism and inward investment. Officials drew attention to the first four aircraft due under the contract, building on last year’s…

Kenya’s Central Bank held its benchmark lending rate unchanged on Tuesday, choosing to stand still as inflation climbed to its highest level in more than two years and the private sector showed signs of deepening strain. The Monetary Policy Committee, chaired by CBK Governor Dr. Kamau Thugge, maintained the Central Bank Rate at 8.75% at its June 9, 2026 meeting. The decision ends a rate-cutting cycle that delivered 10 consecutive reductions totalling 425 basis points since August 2024. The MPC last cut in February 2026, lowering the rate by 25 basis points to stimulate private sector credit. That cut now…

The High Court has upheld the impeachment of former Deputy President Rigathi Gachagua, but it did not let Parliament off without consequence. In a judgment delivered on Monday, June 8, 2026, at the Milimani Ceremonial Hall in Nairobi, a three-judge bench comprising Justices Eric Ogola, Freda Mugambi, and Antony Mrima ruled that Parliament acted within the Constitution when it removed Gachagua from office. At the same time, the court found that the Senate violated his right to a fair hearing and awarded him KSh50 million in constitutional damages, to be paid by the Senate. The ruling closes a legal battle…

Kenya has formally cleared the way to implement a $1.6 billion health cooperation agreement with the United States, ending months of legal uncertainty that had stalled one of the country’s most consequential bilateral health deals. Treasury Principal Secretary Dr. Chris Kiptoo confirmed the agreement on 8 June 2026, following a courtesy call from US Chargé d’Affaires Susan Burns at the National Treasury. The announcement came weeks after the Court of Appeal lifted a High Court freeze on 12 May, allowing implementation to proceed. “We have reached agreement on the implementation of the Kenya-US Health Cooperation Partnership, a five-year programme valued…

MoneyGram has introduced MGUSD, a dollar-backed stablecoin designed to power its global payments network and eventually serve its 60 million active customers. The stablecoin launches first in the United States, where it will handle treasury management, settlement and currency trading. A global rollout follows later this year. Built for people, not crypto traders MGUSD targets a different user than most stablecoins. Rather than serving crypto traders or institutional desks, MoneyGram built it for families sending money across borders and the estimated billions of people with limited access to formal financial services. In markets where local currencies lose value or banking…