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The latest offer comes as the government continues to use domestic borrowing as one of its sources of financing its budgetary requirements, with Treasury securities providing a key avenue for mobilising funds from local investors.
The President said the project reflected a shift from traditional infrastructure financing, where the government relies heavily on taxes and public borrowing, towards a model that brings private capital into commercially viable projects
Speaking at the groundbreaking ceremony in Mokowe, Lamu County, on Wednesday, Ruto said investors should be regarded as development partners and warned those he accused of using disputes and court cases to seek private negotiations with investors
Speaking in Fulugani, Kwale County on Tuesday, Ruto said some people who publicly supported the refinery were working behind the scenes to stop it through legal action, accusing them of using “selfishness” and “extortionism” to undermine investors.
According to the CBK prospectus, the funds raised through the reopening will be used for budgetary support, making the auction part of the government's domestic borrowing programme
Chief Principal Jane Njuguna told the committee that the Sh1 million remained invested in the NSE and generated income for the school.
Speaking at the Islamic Finance Forum and Dialogue Conference in Nairobi on Thursday, Salat said Islamic finance should go beyond offering alternatives to conventional banking and instead focus on financing real assets and productive economic activity
The latest industry projections point to continued expansion, with the 2025 Islamic Finance Development Report estimating total Islamic finance assets at about Sh557.28 trillion in 2024 and projecting further growth towards 2029. The report also notes that Islamic banking is expanding in sub-Saharan Africa, with Islamic banks and banking windows operating across numerous markets
Before joining Centum, Omondi-Achola spent more than 13 years at Kenya Airways, holding senior positions including Chief Transformation Officer, Director of Strategy and Performance Management, Acting Chief Commercial Officer and General Manager of Jambojet
The strong performance by equities comes against a backdrop of relatively stable monetary conditions in Kenya
The performance comes against a backdrop of continued investor attention on Kenya’s economic outlook, corporate earnings, interest rates, currency movements and government fiscal policies. These factors have remained important considerations for investors assessing the prospects of listed companies and the wider capital market
CBK said the approval was granted on August 28 under Section 13(4) of the Banking Act, with the transaction expected to take effect once the agreement between the two companies is completed