Kenya is taking a strategic step to align its Special Economic Zones (SEZ) Act of 2015 with broader frameworks set by the East African Community (EAC) and the African Union (AU). This move seeks to bolster regional economic integration and attract more investment into the country. The SEZ program was initially designed to create hubs…
NAIROBI, Kenya – East Africa Growth (EAG), a prominent private equity firm, has announced its decision to acquire an additional 5% stake in I&M Bank, one of Kenya’s leading financial institutions. This move signals EAG’s commitment to strengthening its presence in the East African banking sector and underscores the growth potential of the region’s financial…
The recent decline in Treasury bill (T-bill) rates has sparked conversations among Kenyan investors and the broader financial market. The government’s decision to lower these rates follows a global trend of monetary easing, where central banks are cutting interest rates to stimulate economic growth. But what exactly does this mean for Kenyan investors? Let’s explore…
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…
2024 has been a year with big stock market movements for assets like Gold (XAUUSD), Nasdaq100, Bitcoin, and other cryptocurrencies. These assets have had ups and downs, with a notable low point from November 2021 to December 2022. For instance, Bitcoin dropped to around US$15,480 during this time. One major factor behind this drop was…
Curious about the top money market funds in Kenya for December 2023? Here they are! First off, the average daily rate for money market funds in December went up to 12.51% per year, compared to November’s 12.06%. This spike is due to the rising interest rates in government securities, which are a big deal for…
