Author: Muindi

The Nairobi Securities Exchange has given conditional approval for Wall Street Africa to list Kenya’s first locally domiciled exchange traded fund, moving the banking sector product closer to trading floors after nearly a year in development. The NSE’s approval follows the Capital Markets Authority’s own sign off in August, which Khusoko covered when it broke the news that regulators had cleared the fund. The exchange said WSA must still satisfy several listing and operational requirements before the ETF can begin trading. Riding The Banking Rally The timing works in WSA’s favour. Kenya’s stock market closed the week ended September 4…

Kenya has put its name behind a global pact to save the world’s migratory birds, as new research warns that nearly half of all migratory species are sliding toward extinction. Governments, scientists, conservation groups and financial institutions signed the Nairobi Flyways Declaration on Friday during the Global Flyways Summit in Nairobi, pledging coordinated action to protect the birds and the habitats that sustain them across continents. The signing coincided with the launch of BirdLife International (2026) State of the World’s Birds: A focus on migratory species and their flyways, the first edition devoted entirely to migratory birds and the flyways…

Kenya’s banking sector faces its most significant regulatory update in years. The Central Bank of Kenya (CBK) has invited public comment on revised rules that will reshape how banks manage risk, hold capital and report to regulators. CBK issued the notice on Thursday, September 10, 2026, opening consultation on four sets of documents: draft revised Prudential Guidelines, Risk Management Guidelines, Guidance Notes and a new Domestic Systemically Important Banks (D-SIBs) Framework. The regulator is carrying out the review under the Central Bank of Kenya Act and the Banking Act. What the review covers The Prudential Guidelines set the baseline requirements…

A petition has been filed at the Nairobi Employment and Labour Relations Court challenging Dr James Mworia’s appointment as founding Chief Executive Officer of the National Infrastructure Fund, days after the board confirmed him for the role. The petition, filed by Brian and Emmanuel Kiplagat against the National Infrastructure Fund Board, the State Law Office and two other respondents, was lodged on September 8 and falls under the court’s petitions category. At the centre of the challenge is Mworia’s position on the same board that selected him. He joined the board in July, months before his appointment as CEO. The…

Zamara Holdings has a new backer. Private equity firm Amethis has completed an investment in the Nairobi based financial services group, taking a minority stake and a seat on its board. The deal gives Amethis 39.5 percent of Zamara, according to filings reviewed as part of an East African Community Competition Authority inquiry into the transaction. Neither company has disclosed the price. Zamara’s management team, led by group chief executive Sundeep Raichura, retains a stake and continues to run operations. Zamara started in 1994 as an actuarial consultancy. It now operates in insurance brokerage, pension administration, reinsurance brokerage and actuarial…

Billionaire Aliko Dangote is taking his oil refinery to Nigeria’s stock exchange at a valuation approaching US$50 billion, asking investors to fund the next phase of a project that has only recently started turning a profit at industrial scale. Dangote Petroleum Refinery and Petrochemicals signed its initial public offering documents in Lagos on Monday, clearing a step toward what is expected to become Africa’s largest ever share sale. The Offer at a Glance The company will sell 4.1 billion shares at 525 naira each, or roughly US$0.40, from September 14 to October 13. A full subscription would raise about 2.15…