The National Treasury is seeking an additional Ksh.10 billion from May bonds which recorded an undersubscription of 71.9 per cent in a tap sale. The tap sale seeks to raise an estimated Ksh.11.4 billion after the rejection of expensive bids by the Central Bank of Kenya (CBK) in the initial issue. “Central Bank of Kenya is pleased to offer eligible investors an opportunity to participate in a tap sale of the above-fixed coupon Treasury bonds whose details are as in the prospectus issued value date 16/05/2022. The tap sale will be offered on a first-come-first-served basis,” the CBK said in…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
The Central Bank of Kenya (CBK) says there will be no extension to the licensing deadline of September 17th 2022 for unregulated digital credit providers (DCPs. Unregulated DCPs are required to apply to the regulator for a license within six months, beginning March 18th 2022 or fold their operations. In a statement Tuesday, CBK said two months have elapsed since the publication of the Digital Credit Providers Regulations 2022 and not all DCPs have made their application to be licensed. “The purpose of this announcement is to remind all currently unregulated DCPs that have yet to apply for licensing, that they…
Nairobi is the only city in Africa that made the top 45 global cities that posted growth in 2021, the latest Prime Global Cities Index by Knight Frank has revealed. Ranking 32nd, Kenya’s capital posted a 3.5 per cent change in growth in the period from 2021 first quarter to 2022 first quarter. The city recorded a 2.4 per cent change in six months from Q3 2021 to Q1 2022 and a 1.3 per cent change between Q4 2021 and Q1 2022. Tarquin Gross, Head of Residential Agency at Knight Frank Kenya said: “This growth can be attributed to pent-up…
The Capital Markets Authority (CMA) has licensed AKN Investments Limited as an investment adviser under the Capital Markets Act and Regulations. The approval brings the number of investment advisors authorized by the Capital Markets Authority to 18. An investment advisor is a person or group licensed under the Capital Markets Act to make investment recommendations or conduct securities analysis in return for a fee whether through direct management of a client’s assets or through written publications. The AKN Investments Limited team includes specialist investment advisors with extensive product and industry knowledge, who have harnessed this to forge deep customer relationships, robust value systems of…
CCI Global, an international contact centre operator in Africa, plans to develop a purpose-built state of the art office facility in Ruiru’s Tatu City and will be creating more than 4,000 jobs for Kenyans. In a statement, the company said its’ five-story facility will be developed by Gateway Real Estate Africa (GREA), a private development company specializing in turnkey construction. The development is expected to be completed by December 2023, and will consist of training facilities and a career centre. “CCI’s business in Kenya, which serves well-known American, British, Australian and other international brands, continues to accelerate, thanks to our…
MAS Intimates Kenya, a Sri Lankan apparel and textile manufacturer is now fully operational in the country after it commenced operations in 2020. Currently, it has employed over 3,000 Kenyans. President Uhuru Kenyatta during its commissioning in Athi River on May 11, described the investment as a testament to the decade-long groundwork laid under the manufacturing pillar of the Big 4 Agenda. ”You have injected over $8.5 million (KSh986 million) into our economy, employed over 3,000 Kenyans and shipped garments worth over $24 million (KSh2.8 billion) which are affixed with the magical, Made in Kenya tag,” he said. 2/2 Set…