Economic activist Sholla Ard has called on President William Ruto to address growing concerns about money laundering after global payment platform PayPal reportedly began tightening restrictions on Kenyan accounts. The move follows Kenya’s grey listing by the Financial Action Task Force (FATF), which has raised concerns over money laundering risks and increased scrutiny on financial
Express Kenya PLC has announced plans to issue up to 50 million new ordinary shares. As a result, Express Kenya is positioning itself for a major financial shift. The move may also influence activity at the Nairobi Securities Exchange. Meanwhile, the company disclosed the plan in a cautionary notice dated May 28, 2026. In particular,
The Capital Markets Authority (CMA) has approved the upgrade of AIB-AXYS Africa Limited from a stockbroker to a fully licensed investment bank. In a statement issued on Thursday, May 28, 2026 CMA said the approval is part of efforts to increase full-service investment banking services in Kenya and expand the range of services available to
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