… Daniel Mainda, CEO of the Nairobi International Financial Centre Authority, said the government is working with the Central Bank of Kenya and the Capital Markets Authority to finalize regulations for virtual asset service providers. …
… REUTERS/Monicah Mwangi//File Photo Audio By Vocalize The Capital Markets Authority (CMA) in Kenya and its counterparts in Tanzania and Uganda have approved an exemption allowing Japanese company Asahi Group Holdings to proceed with its planned acquisition linked to East African B …
Audio By VocalizeKenya’s push to regulate the fast-growing cryptocurrency and digital assets sector is gaining momentum as the Capital Markets Authority (CMA) moves to establish a formal framework to enhance oversight, accountability, and investor protection. …
… Officials from the Nairobi International Financial Centre Authority (NIFCA), the Capital Markets Authority (CMA), and industry players say the country is close to unveiling a legal framework aimed at attracting billions of shillings in investment while bringing oversight to a sec …
… She noted that the industry is engaging regulators including the Central Bank of Kenya and Capital Markets Authority to develop a regulatory environment that protects consumers while supporting innovation and investment in the sector.
… The framework, jointly developed by the National Treasury, Central Bank of Kenya (CBK) and Capital Markets Authority (CMA), is designed to help reduce fraud risks, improve transparency, and bring digital assets under formal financial oversight. …
… Also named in the suit are the Cabinet Secretary for the National Treasury and Economic Planning, the Attorney General, the Capital Markets Authority and the Competition Authority of Kenya. …
… The FiRe awards programme is jointly organized by leading regulatory and professional bodies, including the Institute of Certified Public Accountants of Kenya, the Capital Markets Authority, and the Nairobi Securities Exchange. …
A commercial court in Nairobi has approved Britam Holdings plc shareholders' plan to reduce share capital reserves from Sh13 billion to offset accumulated losses of Sh5.8 billion, with the Capital Markets Authority and Nairobi Securities Exchange not opposing the move.
A commercial court in Nairobi has approved Britam Holdings plc shareholders' plan to reduce share capital reserves from Sh13 billion to offset accumulated losses of Sh5.8 billion, with the Capital Markets Authority and Nairobi Securities Exchange not opposing the move.
Kenyan-founded Web3 startups raised $14 million in disclosed funding in 2025, marking the sector's second-highest annual investment total on record, according to a report by venture capital firm Hashed Emergent. Finance-focused ventures accounted for $10 million of the capital raised this year, driven by demand for stablecoin-powered payments, crypto on- and off-ramps, and digital banking solutions.
Pension fund investments in commercial paper and corporate bonds grew 77.6 per cent in 2025 to Sh17.4 billion, the highest growth in five years, fuelled by double-digit returns on notes listed on the Nairobi Securities Exchange. The growth coincides with major bond listings by Safaricom and East African Breweries Ltd, both oversubscribed at over 150 per cent.
Kenyan investors are moving away from traditional money market funds toward special funds and fixed income products to seek higher yields, according to the Capital Markets Authority. Total Assets Under Management in Collective Investment Schemes reached a record Sh851.7 billion as at March 2026, up from Sh756.3 billion in December 2025.
The Capital Markets Authority has raised concerns about Kenyan investment managers' aggressive return projections in the Special Funds sector, which manages over Ksh.200 billion in assets. The regulator flagged the practice of annualizing short-window returns—such as marketing a 11% six-month return as 23% annualized—saying this artificially inflates performance figures and creates unsustainable expectations.
Esther Waititu, Safaricom's Chief Financial Services Officer, has spoken publicly following her departure announcement, saying "the time feels right for a new chapter" after nearly three years leading the company's financial services business, which includes M-PESA.
Kenya's Nairobi International Financial Centre certified 15 new companies expected to mobilise more than US$200 million in investment and create over 1,000 direct and indirect jobs across sectors including digital finance, artificial intelligence, climate finance, and fintech.
Prime Cabinet Secretary Mudavadi has urged Kenya's regulatory agencies to spearhead efforts to rebuild public confidence in governance ahead of the inaugural Global Trust Summit scheduled for October. Mudavadi said strong, credible institutions are the foundation of public trust and national development, and urged regulators to identify measurable reforms that will improve service delivery and strengthen public confidence.
Absa Group plans to increase its stake in Absa Bank Kenya to as much as 85% through a $238 million tender offer, offering 34.50 Kenyan shillings per share to buy shares from minority investors. The South African bank says Kenya is strategically important and intends to maintain the bank's Nairobi Securities Exchange listing after the transaction.
Six coastal counties under Jumuiya ya Kaunti za Pwani have unveiled a $1.2 billion (Sh156 billion) blue economy multi-agency action plan for 2026 to 2030, focusing on sustainable investment in fisheries, ports, maritime transport, tourism and green energy. The plan was launched at the eleventh Our Ocean Conference in Mombasa and aims to drive sustainable economic growth and inclusive development across coastal counties.
Kenya's forex market has expanded as digital finance grows, with smartphone use and improved internet access enabling retail participation to accelerate beyond Nairobi into smaller towns. Industry data shows over 100,000 active retail traders nationwide, with trader discussions increasingly focused on discipline and strategy rather than speculation.
During cross-examination in the Chase Bank collapse case, defence counsel challenged the credibility of Deloitte audit reports relied upon by prosecutors, securing admissions that the audit firm had faced investigations related to its work on other institutions and had been fined Ksh.10 million by the Capital Markets Authority for failing to detect errors in Chase Bank's financial statements.
The High Court dismissed JILK Construction Company's application for conservatory orders to halt Diageo's Sh340 billion sale of its controlling stake in East African Breweries to Japan's Asahi Group Holdings, ruling that the firm's grievances had no link to the transaction.
Kenya is rallying African support to host the world's second-largest stock market in Nairobi, with government officials unveiling plans for the inaugural Africa Capital Week from August 31 to September 4 as part of President William Ruto's push for a reformed global financial architecture and efforts to enable NASDAQ to enter the continent.
Kenya's Directorate of Criminal Investigations has trained specialised detectives from agencies including the Capital Markets Authority, Banking Fraud Investigation Unit, Insurance Fraud Investigation Unit and Anti-Narcotics Unit to trace illicit funds, recover criminal assets and disrupt sophisticated criminal networks. The training focuses on enhancing financial investigations, asset tracing and intelligence analysis to combat money laundering and organised financial crime.
Family Bank has received formal approval from the Capital Markets Authority to list on the Nairobi Securities Exchange by way of introduction, allowing current shareholders and other investors to trade the bank's shares and establishing a fair price for them.
Family Bank has received formal approval from the Capital Markets Authority to list on the Nairobi Securities Exchange by way of introduction on June 23, 2026. The listing will allow current shareholders to trade shares and broaden investor participation without requiring the bank to raise additional capital.
The role of Kenya's Chief Financial Officers is shifting beyond traditional budgeting and reporting to include environmental, social, and governance (ESG) concerns alongside regulatory compliance, as investors and multinational partners increasingly demand accountability on carbon emissions, social impact, diversity, and governance practices.
Kenya's forex market has expanded as digital finance and improved internet access enable broader retail participation, with recent estimates placing active retail traders at over 100,000 nationwide. The market has matured, with traders now focusing on discipline and strategy rather than hype, and conversations shifting toward a more grounded approach as experience replaces speculation.
Spearhead Africa Asset Management has listed the Spearhead Africa Infrastructure Fund (SAIF) on the NSE, raising KSh 3.4 billion from institutional investors including CPF Group and UK Government support. SAIF is a listed infrastructure debt fund that will invest in senior debt for private-sector-led projects across East Africa in sectors including renewable energy, digital infrastructure, logistics and electrification.
Kenya's fintech and blockchain sector is pushing for faster stablecoin adoption to address slow and costly cross-border payments in Africa, with industry leaders noting that transfers can take up to two weeks. The discussions, held at the fourth Kenya Blockchain and Crypto Conference in Nairobi, centered on how blockchain-based currencies could reshape remittances, trade settlements, and regional commerce as regulators develop a formal legal framework for digital assets.
Kenya's Capital Markets Authority and regulators in Tanzania and Uganda have approved an exemption allowing Japan's Asahi Group Holdings to proceed with its planned acquisition linked to East African Breweries PLC without making a mandatory takeover offer to shareholders.
Kenya's Capital Markets Authority is establishing a formal regulatory framework for cryptocurrencies and digital assets to enhance oversight, accountability, and investor protection while supporting orderly market growth. Virtual asset service providers will be required to register locally or establish representative offices in Kenya before obtaining licences.
Kenya is finalizing regulations governing cryptocurrencies and virtual assets under a Virtual Assets Act passed last year, with officials from the Nairobi International Financial Centre Authority, Capital Markets Authority, and industry players saying the legal framework aims to attract billions of shillings in investment while bringing oversight to a largely unregulated sector.
Kenya's blockchain and virtual assets industry players have called for balanced regulation and lower compliance costs, warning that excessive taxation and high licensing fees in Finance Bill 2026 proposals could slow innovation and disadvantage local startups compared to other African fintech hubs.
Kenya is shifting from loosely supervised cryptocurrency activity toward structured compliance under the Virtual Asset Service Providers Act 2025 and draft 2026 implementation regulations, jointly developed by the National Treasury, Central Bank of Kenya, and Capital Markets Authority to reduce fraud risks, improve transparency, and bring digital assets under formal financial oversight.
A group of Kenyan petitioners has filed a High Court petition seeking to stop a planned shareholding transaction involving East African Breweries Limited, Asahi Group Holdings, and Diageo plc, citing alleged human rights and corporate governance violations.
The Office of the Director of Public Prosecutions received a Certificate of Recognition at the 2025 Financial Reporting Awards for attaining an unqualified audit opinion, confirming that financial statements are free from material misstatements and fully compliant with established standards.