In a pivotal development poised to redefine the landscape of vehicle transactions across East Africa, Peach Cars, a Nairobi-based used car marketplace, has successfully raised US$11 million in Series A funding. This significant capital injection is set to accelerate the company’s ambitious efforts to digitize and formalize the often-fragmented and opaque used car market in […]

Luno, a global cryptocurrency investment platform with deep roots in Africa, has officially announced its re-entry into the dynamic Kenyan market. This strategic move, confirmed on June 23, 2025, comes several years after its initial presence, marking a significant step in the platform’s commitment to empowering financial inclusion and innovation across the continent. The relaunch […]

In a move set to significantly reshape Kenya’s financial landscape, the Competition Authority of Kenya (CAK) has officially authorized the proposed merger that will see Gulf African Bank Limited acquired by Soren Investment Company Limited, a Dubai-based entity. This landmark approval, announced in a gazette notice on Friday, June 20, 2025, marks a pivotal moment […]

In a significant boost for economic development and job creation across East and Central Africa, Italy has formally committed to spearheading the revival and expansion of Kenya’s vibrant but underexploited leather and tanning industry. This landmark partnership, solidified with Equity Group Holdings as the strategic financial catalyst, promises to unlock immense potential, transforming raw hides […]

Today’s business headlines are buzzing with two distinct yet equally significant developments signaling a profound shift in the global digital landscape. From the launch of a new AI-powered software testing venture by the seasoned founders of Expensya to Kenya’s strategic extension of its national real-time payment system’s operating hours, these moves underscore a relentless drive […]

In a groundbreaking move set to revolutionize financial inclusion for millions, Britam Holdings Plc (NSE: BRIT), a leading diversified financial services group, through its dynamic innovation hub, BetaLab, has announced a strategic KES 5 million investment in Oye, a pioneering Kenyan fintech startup. This significant partnership is poised to transform how Kenya’s vast network of […]

The dynamic financial services industry in East Africa is witnessing a notable strategic move as Access Bank Kenya, a key player in the region, announces a fresh capital injection of US$15 million. This significant funding originates from its parent company, Access Bank Plc, a Nigerian multinational banking giant, and forms an integral part of a […]

In a landmark announcement poised to redefine Kenya’s healthcare and industrial landscape, President William Ruto has unveiled plans to establish a monumental KSh 150 billion (approximately $1.15 billion USD) pharmaceutical manufacturing hub in Murang’a County. This ambitious project, earmarked for land generously ceded by Del Monte, is a cornerstone of the government’s aggressive industrialization agenda, […]

Kenya’s financial markets are experiencing a significant shift, with Treasury Bill (T-bill) yields plummeting to their lowest levels since June 2022. This sharp decline follows a recent, impactful interest rate cut by the Central Bank of Kenya (CBK), a move designed to stimulate economic activity and ease the cost of borrowing. As short-term returns dwindle, […]

In a significant move set to redefine its economic trajectory, Kenya is forging a deeper, more transformative partnership with the European Bank for Reconstruction and Development (EBRD). This burgeoning alliance, underscored by Kenya’s pursuit of full EBRD membership and recipient country status, embodies a powerful collective commitment to unleash the full potential of Micro, Small, […]