Latest from The Kenyan Wall Street

business3w ago

Kenya’s Live Music Revenues Set to Grow 2.1pc Annually as Concert Culture Rebounds

Kenya's live music industry is rapidly recovering, with ticket sales surpassing pre-COVID levels and projected to grow at a Compound Annual Growth Rate (CAGR) of 2.1% annually through 2029, according to the PwC Africa Entertainment and Media Outlook 2025–2029.

T

The Kenyan Wall Street

📰 Read Full Story

business3w ago

Property Developers Chart the Future of Kenya’s Real Estate Sector

The recent Kenya Property Developers Association (KPDA) conference, themed "Reset, Reform, Rise: Creating the Real Estate Sector We Want," addressed the future of Kenya's real estate, focusing on sustainable design, decentralized infrastructure, and developer institutionalization to unlock affordable capital amidst economic pressures and structural weaknesses.

T

The Kenyan Wall Street

📰 Read Full Story

business3w ago

Nvidia Expands African Footprint with Stake in Cassava Technologies

Nvidia Corporation has expanded its presence in Africa's digital infrastructure market with an undisclosed investment in Cassava Technologies, deepening a partnership focused on rolling out AI-ready data centers across the continent.

T

The Kenyan Wall Street

📰 Read Full Story

business3w ago

What Kenya Can Learn from India’s Success as a Medical Tourism Destination

A recent tragedy involving a prominent Kenyan statesman seeking medical treatment in India has highlighted Kenya's need to formalize its medical tourism offerings and stem the outflow of patients seeking care abroad. Kenya aims to learn from India's success in packaging world-class medical services with a seamless destination experience.

T

The Kenyan Wall Street

📰 Read Full Story

business3w ago

African Women Lead in STEM Graduates Globally, but Lag in Tech Leadership and Funding

A new McKinsey report reveals that African women lead globally in STEM graduates, making up 47% of the total, yet face significant barriers in career advancement and access to funding within the tech sector.

T

The Kenyan Wall Street

📰 Read Full Story

business3w ago

Investor Demand Tested as Treasury Returns to Market for KSh 40Bn

Kenya has reopened bonds to raise KSh 40 billion for FY2025/26 budget financing, extending the front-loaded domestic borrowing.

T

The Kenyan Wall Street

📰 Read Full Story

business3w ago

Why the NSE Temporarily Halted Trade in KenGen Shares

Trading of KenGen PLC shares on the Nairobi Securities Exchange (NSE) was temporarily halted on Thursday, October 23, due to the circulation of unverified FY2025 financial results online. The halt was a precautionary measure to safeguard market integrity before trading resumed later the same day.

T

The Kenyan Wall Street

📰 Read Full Story

business3w ago

Eastern Africa Plots Unified Spectrum Strategy to Boost Broadband Access

Eastern Africa is planning a unified spectrum strategy to boost broadband access across the region, with the EAC and IGAD Secretariats developing a joint regional roadmap. This initiative follows a workshop in Kigali, Rwanda, where nine Eastern African countries agreed to fast-track regional spectrum harmonisation.

T

The Kenyan Wall Street

📰 Read Full Story

business3w ago

Treasury Targets KSh 30Bn Early Buyback for Bond Maturing in November 2026

The Central Bank of Kenya (CBK), acting as Kenya's fiscal agent, has announced a voluntary early buyback of the three-year Treasury bond FXD1/2023/003, aiming to repurchase KSh 30 billion. This initiative allows investors to sell their bond holdings before the scheduled maturity on November 5, 2026.

T

The Kenyan Wall Street

📰 Read Full Story

business3w ago

Imperial Leather Maker PZ Cussons to Pump KSh 150Mn into East Africa Operations

PZ Cussons East Africa, the maker of Imperial Leather, will invest KSh 150 million over the next year to expand its East African operations and refresh its product portfolio. This move aims to allay concerns about the company's regional presence amidst global restructuring.

T

The Kenyan Wall Street

📰 Read Full Story

business3w ago

Former CS James Macharia Named Sidian Bank Chair

Former Cabinet Secretary James Macharia has been appointed Chairman of Sidian Bank, succeeding Dr. James Mworia. This appointment marks Macharia's return to the banking sector after serving over a decade in government.

T

The Kenyan Wall Street

📰 Read Full Story

business3w ago

SIB Sees 60% Upside in TotalEnergies Kenya Share Price

Standard Investment Bank (SIB) Research has reaffirmed a 'BUY' recommendation for TotalEnergies Marketing Kenya Plc, projecting a significant 60.4% upside in its share price. This outlook is driven by anticipated earnings growth and strategic investments.

T

The Kenyan Wall Street

📰 Read Full Story

business3w ago

Lawmakers Grill SHA CEO Mercy Mwangangi Over Legal Fees, Audit Irregularities

Kenyan lawmakers are grilling Social Health Authority (SHA) CEO Dr. Mercy Mwangangi over alleged irregularities including excessive legal fees and ballooning project costs, raising concerns about systemic corruption.

T

The Kenyan Wall Street

📰 Read Full Story

business3w ago

Kenya’s New Crypto Law Sets the Stage for Everyday Blockchain Use, Industry Player Says

Kenya's new Virtual Assets Service Providers (VASP) Bill, which formally recognizes cryptocurrencies and digital assets, is poised to integrate blockchain technology into the daily financial lives of Kenyans, according to Sam Kim, co-founder of blockchain startup GoChapaa. This legislation extends Kenya's digital finance legacy from M-Pesa to a structured framework for virtual assets, marking a significant step for the country and the continent.

T

The Kenyan Wall Street

📰 Read Full Story

business3w ago

Court Rules Auctioneers’ Board Cannot Discipline Banks, Credit Firms

The High Court has ruled that the Auctioneers Licensing Board exceeded its authority by attempting to discipline a dozen banks and credit firms, including Co-operative Bank, for allegedly conducting auction activities without proper licenses. Justice Benjamin Njoroge clarified that the Board's mandate is limited to licensed auctioneers.

T

The Kenyan Wall Street

📰 Read Full Story

business3w ago

Kenya Pipeline Company Valued at KSh 102Bn by SIB

Standard Investment Bank (SIB) Research has valued the Kenya Pipeline Company (KPC) at approximately KSh 102 billion ahead of its planned listing on the Nairobi Securities Exchange (NSE) by March 2026. This valuation positions KPC as one of Kenya's most valuable State corporations.

T

The Kenyan Wall Street

📰 Read Full Story

business3w ago

Former French President Sarkozy Begins Prison Term Over Libya Campaign Funds

Former French President Nicolas Sarkozy has begun a five-year prison sentence after being convicted of conspiring to raise illegal campaign funds from Libya’s Muammar Gaddafi, marking a historic moment in French politics.

T

The Kenyan Wall Street

📰 Read Full Story

business3w ago

Kenya Increases its Air Passenger Service Levy

Kenya has enacted the Air Passenger Service Charge (Amendment) Bill, 2025, granting the Cabinet Secretary for Transport power to vary air passenger service charges. This new law significantly increases both international and domestic fees to better fund key aviation and tourism sectors.

T

The Kenyan Wall Street

📰 Read Full Story

business3w ago

How Superior Homes Kenya is Tackling Structural Housing Hurdles

Superior Homes Kenya is addressing Kenya's significant housing deficit and structural challenges by employing innovative strategies, including financial partnerships, sustainable community design, and strategic location choices.

T

The Kenyan Wall Street

📰 Read Full Story

business3w ago

Global Stablecoin Issuer Tether Invests in Kenyan Fintech Kotani Pay

Global stablecoin issuer Tether has made a strategic investment in Kenyan fintech Kotani Pay, aiming to boost digital asset access and cross-border payments in Africa. This move underscores growing interest in the continent's digital asset market and seeks to strengthen local on-ramp and off-ramp infrastructure.

T

The Kenyan Wall Street

📰 Read Full Story

business3w ago

Africa Finance Corporation Secures US$100mn Loan from Canada’s Development Institution

The Africa Finance Corporation (AFC) has secured a US$100 million, 10-year term loan from FinDev Canada, marking its debut in the Canadian market and FinDev Canada's first infrastructure financing in Sub-Saharan Africa.

T

The Kenyan Wall Street

📰 Read Full Story

business3w ago

KRA Maintains 8% Tax Rate for Fringe Benefits

The Kenya Revenue Authority (KRA) has announced that the market interest rate for Fringe Benefit Tax (FBT) will remain at 8% for the final quarter of 2025, covering October, November, and December. This rate is used to determine the taxable value of certain non-cash employee benefits.

T

The Kenyan Wall Street

📰 Read Full Story

business3w ago

Paratus Rolls out Starlink in Rwanda

Paratus Group has expanded its satellite internet services to Rwanda, rolling out Starlink for business customers. This strategic move aims to strengthen its enterprise connectivity across East Africa, following launches in Kenya, Uganda, and Tanzania.

T

The Kenyan Wall Street

📰 Read Full Story

business3w ago

Kenyan Engineer Elly Savatia Wins Top Innovation Prize for AI Sign-Language App

Kenyan engineer Elly Savatia has won the prestiguous 2025 Africa Prize for Engineering Innovation for his AI-powered sign language app, Terp 360. The innovative tool translates speech into sign language using 3D avatars, addressing the critical shortage of sign language interpreters across Africa.

T

The Kenyan Wall Street

📰 Read Full Story

business3w ago

The West African Development Bank (BOAD) Raises € 1bn from International Markets

The West African Development Bank (BOAD) has successfully raised €1 billion through a 15-year bond issuance in international markets, marking the longest euro-denominated benchmark bond ever issued by an African Multilateral Development Bank (MDB).

T

The Kenyan Wall Street

📰 Read Full Story

business3w ago

WPP Scangroup Appoints Akua Brayie Owusu-Nartey Group CEO

WPP Scangroup Plc has appointed Akua Brayie Owusu-Nartey as its new Group Chief Executive Officer and Executive Director, effective November 17, 2025. Her appointment comes after a turbulent period for the marketing group, marked by significant financial losses and internal restructuring.

T

The Kenyan Wall Street

📰 Read Full Story

business3w ago

Remittances Ease to KSh 54.2Bn after August’s Record USA Inflows

Kenya's remittances experienced a slight decline in September 2025 to US$419.6 million (KSh 54.2 billion) after reaching a record high in August, driven by unprecedented inflows from the United States. Despite this dip, cumulative remittances for the first nine months of 2025 show a significant increase compared to the previous year, with prospects for a record annual total exceeding US$5 billion.

T

The Kenyan Wall Street

📰 Read Full Story

business3w ago

NCBA Group Hits Record KSh 150Bn Market Valuation

NCBA Group's market valuation has soared past KSh 150 billion, reaching a record high due to a sharp rise in its share price. This surge is largely attributed to speculation regarding a potential acquisition by Stanbic Bank Kenya.

T

The Kenyan Wall Street

📰 Read Full Story

business3w ago

Kenya Moves to Commercialise Genetically Modified Cassava

The National Environment Management Authority (NEMA) is seeking public comments on a proposal by the Kenya Agricultural and Livestock Research Organization (KALRO) to commercialize genetically modified (GM) cassava across 18 Kenyan counties. This move follows the National Biosafety Authority (NBA)'s approval in June 2021 for environmental release and performance trials of the GM cassava, which offers robust resistance to mosaic and brown streak diseases.

T

The Kenyan Wall Street

📰 Read Full Story

business3w ago

Moniepoint Closes Additional US$90Mn In Series C Round to Fuel Expansion

Nigerian fintech unicorn, Moniepoint Inc., has successfully closed an additional US$90 million in its Series C funding round, bringing the total raised to US$200 million. This new capital will fuel its aggressive expansion, particularly into East Africa, following significant regulatory advancements.

T

The Kenyan Wall Street

📰 Read Full Story