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IMF Approves US$3.4 Billion for Ethiopia
The International Monetary Fund (IMF) Executive Board has approved US$3.4 billion under the Extended Credit Facility (ECF) for Ethiopia, following…
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Securex Founder Kishori Lal Sahni Secures Majority Stake
Security firm Securex Agencies founder and chairman Balvinder Kishori Lal Sahni has acquired a controlling stake in the company following…
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First Islamic Bond in East and Central Africa Lists on the NSE
The Nairobi Securities Exchange (NSE) has formally inaugurated the Linzi Sukuk bond into the unquoted securities platform, in an occasion…
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EABL Profits Drop By 11.8% on Weak Shilling, High Interest Rates
Listed brewer East African Breweries Plc (EABL) recorded an 11.8 percent drop in profit to KSh 10.9 billion for the…
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CBK Raises KShs 23Bn in Weekly Auction as Investors Remain Hesitant
Investors remain hesitant to lend the government even with the high interest rates environment with demand skewed on short term…
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Bankers Urge CBK to Hold Interest Rate at 13%
Bankers have urged the Central Bank of Kenya (CBK) to maintain its benchmark rate steady at 13% during the next…
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Fitch Follows Moody’s in Downgrading Kenya’s Credit Rating
Global credit ratings agency Fitch has downgraded Kenya’s sovereign rating to ‘B-‘ from ‘B’ on heightened fiscal risks to Kenya’s…
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Kenyan Shilling Beats Regional Peers
In the first seven months of 2024, the Kenyan Shilling remained the best performing currency in the region, with a…
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Centum Extends 66.5 Million Share Buyback
Centum Investment Plc has announced an extension to the share buyback programme that commenced on 6th February 2023 for the…
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How do Islamic Bonds Work?
The first Islamic bond in East and Central Africa has been floated and consequently listed on the Nairobi Securities Exchange,…
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