Kenyan Wall Street

1 week ago | kenyanwallstreet.com | Morris Kiruga

Ethiopia’s Council of Ministers has ratified a draft law that will define how foreigners can own real estate, as the country reforms its laws to encourage foreign investment. Ethiopia’s currently does not allow foreigners to own real estate, whether residential or commercial, severely limiting how non-citizens can invest in the sector and the wider economy. In March, Prime Minister Abiy Ahmed spoke about the looming changes to ease property ownership laws, as part of wider liberalisation reforms.

2 months ago | kenyanwallstreet.com | Morris Kiruga

South Sudan’s neighbours, and regional and international bodies have urged the country’s leaders to resolve an escalating conflict between President Salva Kiir and First Vice President Riek Machar over clashes in several parts of the country. Last week, South Sudan’s security forces arrested several high ranking government officials including the petroleum and peace building ministers, and military officials, and reportedly surrounded Machar’s home in the capital Juba.

2 months ago | kenyanwallstreet.com | Zainab Hafsah

East Africa’s private capital markets began 2025 with 13 transactions with a total value of US$38.7 million in disclosed deals, according to the I&M Burbidge’s East Africa Financial Review for January 2025. Kenya maintained its position as the region’s top investment hub, accounting for 10 of the 13 deals announced in January, while Tanzania followed with two deals, and Rwanda recorded a single transaction.

2 months ago | kenyanwallstreet.com | Zainab Hafsah

London listed Marula Mining’s subsidiary Muchai Mining Kenya has signed a deal with Baosteel Resources South Africa, a subsidiary of the world’s biggest steel producer, to purchase and sell manganese ore from the Kilifi manganese processing plant. In the contract that began on 1st March 2025, Marula will supply manganese from its Kilifi Manganese Processing Plant, scaling from 5,000 to 20,000 tonnes per month.

2 months ago | kenyanwallstreet.com | Zainab Hafsah

Kenya’s banking sector is pushing for an overhaul of the existing risk based pricing model to a common reference rate, arguing that the current framework has made it hard to adjust rates downwards in line with the central bank rate. Banks argue that the risk based pricing model is not sensitive enough to market changes, presenting different price points that create complexity and inconsistencies across the industry.