In a significant stride toward a sustainable and robust energy future, the Kenyan government has officially greenlit the development of the Olkaria VII Geothermal Power project. This new facility, spearheaded by state-owned electricity producer KenGen, is projected to inject a crucial 80.3MW of electricity into the national grid by mid-2027. This landmark project, a cornerstone […]

In a move set to significantly reshape Kenya’s digital financial landscape, Safaricom and PayPal have announced a groundbreaking strategic partnership. This collaboration is designed to enable seamless fund transfers between M-Pesa and PayPal accounts, unlocking a new era of global digital connectivity for millions. The alliance is poised to benefit over 35 million M-Pesa users […]

In a significant move poised to inject fresh dynamism into Kenya’s economy, NCBA Bank Kenya, a leading player in asset financing, today announced a strategic partnership with Mobikey Truck & Bus Ltd. This collaboration is set to provide comprehensive and flexible asset financing solutions for a wide range of heavy-duty vehicles and machinery, including MAN […]

Absa Bank Kenya has significantly bolstered its commitment to addressing Kenya’s persistent affordable housing deficit, earmarking KES 4 billion for onward lending to the retail segment. This substantial allocation represents an increase from its previous KES 3 billion investment portfolio with the Kenya Mortgage Refinance Company (KMRC), signaling Absa’s intensified focus on making homeownership a […]

In a significant move poised to reshape Kenya’s rapidly evolving real estate sector, NCBA Bank has announced a strategic distributor partnership with Zetu Innovations, the visionary creators behind the Nyumba Zetu platform. This collaboration is set to empower NCBA’s extensive real estate customer base with a cutting-edge property management solution, designed to simplify the intricate […]

The East African Community (EAC) is once again grappling with escalating trade tensions, as Kenya formally objects to new business licensing rules and tax measures introduced by Tanzania. Nairobi has labelled these new directives as discriminatory and a significant threat to the spirit of regional economic integration, raising concerns that they could “criminalise” lawful investments […]

In a monumental boost for energy access and digital inclusion across Kenya, Sun King, a global leader in off-grid solar energy solutions, has successfully finalized a $156 million financing deal. This landmark securitization, backed by a powerful consortium of private Kenyan banks and international development finance institutions, is set to revolutionize access to clean, affordable […]

In a move that could significantly reconfigure the competitive landscape of East Africa’s alcoholic beverage industry, British multinational alcoholic beverage giant Diageo Plc has initiated a comprehensive review of its majority stake in the publicly listed brewer, East African Breweries Ltd. (EABL). This strategic assessment, first reported by Bloomberg, signals a potential divestment from what […]

Kenya is on the cusp of a significant transformation in its burgeoning gambling sector, as the Senate’s approval of the final version of the Gambling Control Bill paves the way for presidential assent. This landmark legislation introduces a stringent new minimum capital requirement of KSh 100 million (approximately US$770,000) for online betting operators, a dramatic […]

The Nairobi Securities Exchange (NSE) today welcomed a significant new entrant to its Growth Enterprise Market Segment (GEMS) as Shri Krishana Overseas (SKL) officially listed under the ticker $SKL. Shares of the prominent Kenyan packaging company debuted at KSh 5.90, marking a pivotal moment not only for SKL but also for the broader landscape of […]