Kenya has taken a decisive step toward becoming Africa’s premier industrial powerhouse with the launch of an ambitious $800 million financing framework designed to operationalize the Vipingo Special Economic Zone (SEZ) in Kilifi County, marking a transformative moment for the country’s manufacturing and export capabilities. The groundbreaking partnership between East Africa’s largest commercial bank, KCB […]

Kenya is set to receive a transformative $1.65 million investment from the Coca-Cola system to restore critical watersheds and enhance water security across the nation. The announcement comes as Kenya grapples with what experts describe as the worst drought in 40 years, affecting millions of people and exacerbating a water crisis that has persisted for […]

Electric bus manufacturer BasiGo has signed a groundbreaking deal with Kenya Vehicle Manufacturers (KVM) in Thika to begin local assembly of King Long electric buses, marking a pivotal moment in Kenya’s transition to sustainable public transport. The partnership represents far more than a manufacturing agreement – it signals Kenya’s emergence as a regional leader in […]

The Kenya National Chamber of Commerce and Industry (KNCCI) has signed a landmark Memorandum of Understanding (MoU) with the South Carolina African American Chamber of Commerce (SCAACC), establishing a strategic partnership to expand trade, investment, and economic cooperation between Kenya and the United States. This groundbreaking agreement represents a significant milestone in Kenya-US business relations […]

African farmers and agribusiness entrepreneurs are poised to benefit from a transformative $250 million (Sh37 billion) investment initiative that promises to reshape the continent’s agricultural value chains. The Global Supply Chain Support Fund, backed by German development lender KfW and Japan’s JICA, is targeting strategic investments across three key regions: East Africa, West Africa, and […]

The Kenyan government has signed a US$ 150 million (KSh 16.38 billion) financing agreement with United Bank for Africa (UBA) as part of a landmark US$ 1.35 billion (KSh 175bn) programme to clear unpaid road construction bills and revive stalled projects, marking one of the country’s boldest experiments with securitization and setting a potential model […]

Airtel Kenya has officially broken ground on what will become East Africa’s largest data centre, marking a pivotal moment in the region’s digital transformation journey. The 44-megawatt facility at Tatu City represents a $150 million investment by Airtel Africa through its data centre arm, Nxtra by Airtel Africa, designed to meet the latest infrastructure requirements […]

The Nairobi Securities Exchange (NSE) has announced its decision to rejoin the East African Capital Markets Infrastructure (CMI) platform after nearly a decade of boycott over procurement irregularities, marking a pivotal moment in the region’s financial integration efforts. This development represents the most significant advancement in East African capital markets cooperation since the project’s inception […]

Nigeria is forging a strategic partnership with Kenya to break into the booming global avocado market, a sector projected to swell to $23.29 billion by 2029, as the collaboration aims to empower Nigerian farmers and help the country tap into the lucrative international trade of what’s often called “green gold.” The partnership between Nigeria and […]

The Central Bank of Kenya (CBK) has licensed 27 new Digital Credit Providers (DCPs), in a bid to streamline lending activities in the financial technology space and bring total licensed lenders to 153, marking a significant expansion of Kenya’s regulated digital lending ecosystem. In an announcement on Thursday, CBK said the move brings the total […]