Noel Wandera

| Nairobi Securities Exchange (NSE) has extended the suspension of Bamburi Cement Plc shares following the acquisition of a 96.54 per cent stake by a strategic investor, paving the way for a compulsory buyout of minority shareholders and an imminent delisting.

| Kenya has made a bold leap in public financing, raising Ksh44.79 billion from private investors for the Talanta Sports City Stadium through an innovative infrastructure bond that avoids adding to the national debt. This breakthrough was a significant departure from the country’s traditional reliance on concessional loans, grants, and external borrowing, which have strained public finances in recent years.

| When Moses Kuria, then Cabinet Secretary for Trade, Investment and Industry, announced in January 2023 that he would attract Ksh1.3 trillion in foreign direct investment (FDI) and privatise three State-owned enterprises (SOEs) by June of that year, it was one of the most ambitious economic promises of the Kenya Kwanza administration. “I expect to raise $10 billion from the current paltry $500 million. In fact, I may surpass my target.