Hard truths. Bold Insights. Real talk.
The Central Bank of Kenya has opened a Sh20 billion voluntary switch auction, allowing FXD1/2016/010 holders to move into FXD1/2022/015, aiming to improve market efficiency and portfolio management.
Presenting the November 2025 Monetary Policy Committee (MPC) update on Wednesday, Thugge said improved global conditions and recent policy moves at home were helping steady the economic outlook.
KCB Bank has placed Cedarwood’s White Rhino Hotel under receivership, appointing Kamal Anantroy Bhatt to take full control of assets and operations, with all dealings now requiring his written consent.
The company will take up the full Sh5 billion greenshoe, bringing the tranche allocation to Sh20 billion, while Sh21.4 billion will be refunded to investors in line with the allotment terms outlined in the Information Memorandum.
Safaricom has in the past turned to green financing, including a Sh30 billion sustainability-linked loan from local lenders such as KCB, Absa Kenya, Standard Chartered Kenya and Stanbic Kenya. A green bond is a fixed-income instrument created to support climate and environmental projects.
The bank also noted that international oil prices have softened due to increased production and weaker global demand, though volatility persists amid ongoing uncertainties.
Safaricom maintained its dominance by adding 79,288 fixed internet customers during the same period, increasing its market share from 34.3 percent to 35.6 percent. Other providers such as Jamii Telecoms (Faiba), Ahadi Wireless, Vilcom Network, and Mawingu also strengthened their subscriber base, making it harder for Starlink to expand its footprint.
The World Bank points out structural challenges in Kenya’s telecoms industry. While the sector is growing rapidly, outdated rules on spectrum allocation, infrastructure sharing, and market oversight continue to favour large incumbents, raising costs for smaller operators and consumers and slowing investment in new networks.
Current performance-monitoring systems are also under scrutiny. While the National Treasury sets key performance indicators and targets, the World Bank says these benchmarks are not in line with private sector standards, meaning SOEs do not face meaningful financial consequences for underperformance.
According to specifications released on Monday by the exchange, the new product will be classified under the Index Future category and will be based on the NSE Banking Sector Index, which tracks the performance of all banking counters listed on the bourse.
Kenya recorded Africa’s fastest private sector growth in November, with its PMI rising to 55.0, the highest in five years, signalling stronger demand, hiring and business confidence.
Muslim business leaders in Nairobi have endorsed Tatu City, citing higher property returns, strong security and modern amenities as key reasons the development is drawing long-term investment.