Kenya is set to launch bidding for 10 oil exploration blocks this month, marking the country’s first licensing round since enacting comprehensive petroleum legislation six years ago. The announcement signals a renewed push by the East African nation to revitalize its stalled oil industry and attract international investment following significant regulatory reforms and infrastructure developments. […]

Safaricom, East Africa’s telecommunications giant, has partnered with Meta’s infrastructure affiliate Edge Network Services to build a groundbreaking $23 million subsea internet cable connecting Kenya directly to Oman. The ambitious project, officially named Daraja (Swahili for “bridge”), represents a historic milestone as Safaricom’s first direct venture into subsea infrastructure ownership. Build the future you deserve. […]

Global company bolttech has announced its strategic entry into the Kenyan market through a partnership with LOOP, the digital banking platform of NCBA Bank. The alliance will support the launch of LOOP Flex Device Financing in October 2025, marking a significant milestone in Kenya’s rapidly evolving digital finance ecosystem and representing bolttech’s first major expansion […]

Betika is making a major move for regional football, injecting $325,000 (KSh42m) into the Council of East and Central Africa Football Associations (CECAFA) Kagame Cup 2025/26 as the tournament’s official sponsor. The investment is set to benefit clubs and fans across 12 countries, boosting competition, fan engagement and the overall profile of football in the […]

Key Takeaway: Finnfund’s $4 million investment in Poa Internet represents a strategic move to tackle Kenya’s digital divide, bringing affordable high-speed internet to underserved communities while positioning the country as a model for inclusive digital transformation across Africa. Finnfund, the Finnish development financier, has announced a $4 million debt investment in Poa Internet, Kenya’s fourth-largest […]

Kenya Airways delivered a devastating blow to shareholders on Wednesday as its stock became the biggest loser at the Nairobi Securities Exchange (NSE), shedding 19.18 percent of its market value following the announcement of a crippling Sh12.15 billion half-year net loss. The dramatic collapse in share price came just a day after the national carrier […]

Kenya Airways, one of Africa’s three largest airlines, has announced plans to raise at least $500 million in additional capital to expand and modernize its fleet by the first quarter of 2026, following a significant financial setback that saw the carrier post a 12.17 billion shillings ($94.34 million) pretax loss in the first half of […]

The Kenyan government has finalized structures for the comprehensive rollout of the Sh20 billion World Bank-backed youth empowerment program, positioning it as a transformative solution to the country’s escalating unemployment crisis. The National Youth Opportunities Towards Advancement (NYOTA) project aims to equip more than 820,000 vulnerable youth with skills, business capital, and access to financial […]

HewaTele Limited, a Kenyan medical oxygen producer, has secured US$10.5 million from AfricInvest’s Transform Health Fund to build a large-scale plant capable of producing oxygen at 99.6% purity. The investment represents a critical step toward addressing East Africa’s medical oxygen crisis, which has contributed to preventable deaths across the region for decades. Founded in 2014 […]

Executive Summary Kenya has opened a US$390 million tender for tech firms to build high-speed internet for over 1,000 rural schools, clinics, and offices. Funded by the World Bank, the project ensures a transparent bidding process and reliable payments for the selected contractors. Bids are due by October 1, 2025, with the project’s construction phase […]