Eldoret’s recent elevation from a town to a city is more than just a change in designation—it’s a transformative moment with wide-ranging implications for its residents and those looking to invest in the region. This milestone is set to reshape the landscape, bringing opportunities and challenges that will define Eldoret’s future. Why Eldoret’s New Status…
Investors Given 45 Days to Address Issues as Stanlib Kenya Fund and REIT Managers Cease Operations Investors have 45 days to address any unresolved issues with Stanlib Kenya Fund and REIT Managers, as the Capital Markets Authority (CMA) of Kenya has accepted their request to cease operations and revoke their license. Established in 1998 as…
The Capital Markets Authority (CMA) has approved the registration of the Arvocap Unit Trust Scheme under the Capital Markets Act and the Collective Investment Schemes Regulations of 2001. This scheme includes 10 sub-funds: “Collective investment schemes allow retail investors to easily enter the capital markets. They help grow the customer base and democratize wealth,” said…
Dubai-Based Imperial Citizenship sets its newest venture in Africa targeting wealthy investors. Imperial Citizenship, a firm based in Dubai that specializes in helping investors get a second citizenship or residency through investments, has opened a new office in Lagos, Nigeria. This move aims to take advantage of Africa’s growing population of wealthy individuals looking for…
At the latest Government Securities Auction, Treasury Bills saw a tiny drop in the interest rates offered by the Central Bank of Kenya (CBK). This is the first time we’ve seen this happen in 24 months! CBK got bids totaling KSh 28.5 billion at the Weekly T-Bills auction. That’s against KSh 24 billion offered at…
The Nairobi Securities Exchange (NSE) is Kenya’s main stock exchange. Established in 1954, it’s one of Africa’s largest securities exchanges. It’s located in Nairobi, Kenya’s capital, and lets people trade shares, bonds, Real Estate Investment Trusts (REITs), and other financial stuff. The NSE is regulated by rules set by the Capital Markets Authority of Kenya…
Money Market Funds (MMFs) have become incredibly popular investment options in Kenya. They’re attractive because they invest in safe and highly liquid assets like cash equivalents, government securities, and high-quality debt instruments, offering better returns than traditional savings accounts. Let’s dive into what you need to know about MMFs. Understanding Money Market Funds Imagine a…
The world’s largest asset management firm, BlackRock, has made a significant investment in the Nairobi Securities Exchange (NSE) after a four-year hiatus, marking a win for the Kenyan bourse as it emerges from its toughest year yet. Kamau Thugge, the Central Bank of Kenya (CBK) governor, shared in a recent meeting with bankers that he…
