The African Continental Free Trade Area (AfCFTA) Secretariat has launched an online hub to ease…

The central bank kept the policy rate at 200 per cent saying it would be reviewed in line with developments in monthly inflation. The high rate is to ensure that it is not viable to borrow local currency to speculate in the black market or even buy gold coins.

With foreign currency-denominated loans now constituting more than half of the total banking sector loans, with effect from September 1, statutory reserve requirements would be extended to forex deposits at rates of 5 per cent for call deposits and 2,5 per cent for time and savings deposits to ensure continued soundness of the banking sector.

Foreign exchange retention thresholds have been maintained at 75 per cent for agricultural exporters and 100 per cent for tourism, recovering from the effects of Covid-19.

The Kenyan stock market resumed Wednesday following the general election break with a $268 million gain, as early results revealed a close contest involving Deputy President William Ruto and former Prime Minister Raila Odinga.

Kakuzi, a listed Kenyan agri-business, has partnered with marketing firm Driscoll’s to launch a blueberry…

The underlying constituents of the new 1nvest ETF, which will track the MSCI World SRI Select Reduced Fossil Fuels Index, are companies that mitigate risks posed by climate change and exhibit high levels of the environment, and social, and governance (ESG) performance.

According to an article published by the JSE on July 28, 2022, to qualify for inclusion in the index, companies are required to have an MSCI ESG rating of ‘A’ or above.

The ETF has an investment mandate that excludes companies in industries related to goods and services such as nuclear weapons, tobacco, civilian firearms, conventional weapons, alcohol, gambling, adult entertainment,   genetically modified organisms, thermal coal, and oil & gas.

Director of Capital Markets at the JSE, Valdene Reddy, said that the listing of the latest 1nvest ETF demonstrates the JSE’s commitment to remain a capital-raising platform of choice. As this segment grows, a listing on the JSE enables ETF issuers to attract investors that aim to diversify their portfolios, while fulfilling their ESG objectives.

Local Authorities Pension Fund (LAPF) Kenya has announced plans to construct a mixed-use facility  at…