In a resounding endorsement of Kenya’s evolving capital markets, East African Breweries PLC (EABL) has successfully raised KSh 16.7 billion through an oversubscribed corporate bond. The issue, which targeted KSh 11 billion, attracted a massive KSh 17.1 billion in bids,…
Safaricom Plc has released its financial results for the full fiscal year of 2024, reporting robust earnings propelled largely by its M-Pesa mobile money platform. In its Kenyan operations, Safaricom witnessed a remarkable 11.7% growth in service revenue, totaling Ksh…
The Nairobi Securities Exchange has today held a stakeholder engagement forum with commercial banks in preparation to the launch of the proposed hybrid bond market that will combine both onscreen and Over-the-Counter trading of fixed income securities. The forum enabled…
Photo Courtesy | Equity Bank Equity Bank Uganda has launched investigations into cases of fraud surrounding their Stock Loan and Agent Float financing that happened recently. The Stock Loan product is a credit facility meant to support entrepreneurs, small and…