Kenyan InsurTech firm mTek has recently secured a substantial investment of $1.25 million, marking a significant milestone in its journey to reshape the insurance landscape across Africa. Led by Verod-Kepple Africa Ventures and Founders Factory Africa, this funding injection underscores investor confidence in mTek’s disruptive potential and strategic vision for growth. Since its inception in […]

The latest Hass Land Price Index report unveils a compelling trend: land values in Nairobi’s satellite towns have skyrocketed over the past decade, presenting investors with lucrative opportunities for growth. Since December 2007, land values in satellite towns surrounding Nairobi have increased by an impressive 11.79-fold, significantly outperforming the growth observed in the city’s central […]

Kenya is poised to make history in Africa’s financial landscape by issuing the continent’s inaugural Sustainability-Linked Bond (SLB), with the backing of the World Bank. This groundbreaking $500 million bond is designed to integrate financial objectives with environmental and social responsibilities, marking a significant shift in sustainable financing strategies. Isfandyar Zaman Khan, the lead financial […]

The Kenyan poultry industry is facing a critical juncture as stakeholders, especially small-scale farmers, voice their opposition to an upcoming trade agreement between Kenya and the United States. This deal, if ratified, would allow the importation of finished poultry products from the US, posing a significant threat to local producers. Lydia Wanjiku, a committed poultry […]

Malindi, a coastal gem in Kenya, is at the forefront of hosting a significant gathering of over 400 Kenyan investors from the Diaspora. Their mission? To spearhead the development of Africa’s first green city in the serene landscapes of Magarini sub county, Kilifi county. Under the stewardship of Prof Lucas Njenga, CEO of Proximity Point […]

Kenya and the European Union recently cemented their trade relations through the Economic Partnership Agreement (EPA), paving the way for increased European investments in Kenya. As part of this collaboration, the European Commission Directorate-General for Maritime Affairs and Fisheries (DG MARE) is preparing for the second edition of BlueInvest Africa 2024, slated to take place […]

Over the span of seven weeks, from February 15th to April 4th, 2024, the Nairobi Stock Exchange (NSE) has experienced a significant surge in trading activity, coinciding with a notable increase in investor wealth amounting to KSh 351 billion. Market capitalization, a pivotal indicator of investors’ wealth, closed at Ksh 1.772 trillion on April 4th, […]

Safaricom’s Mali unit trust, managed by Genghis Capital, has reached a notable milestone with its asset base hitting Sh1.4 billion by December 2023. Since its establishment in 2019, Mali has emerged as a significant player in Kenya’s financial landscape, offering a collective investment scheme integrated with Safaricom’s M-Pesa platform. The latest disclosures reveal Mali’s robust […]

NCBA Bank Kenya faced a notable downturn in revenue from its digital platforms, including Fuliza, Mshwari, and Loop, with a substantial 34% drop, amounting to Sh2.59 billion in the financial year ending December 2023. This decline was primarily attributed to reduced charges on the Fuliza overdraft facility. Despite an increase in the volume of transactions […]

Japanese trading firm Kaiho Industry Co. Limited has initiated operations in Kenya, targeting the wholesale and retail sectors of the automotive spare parts market. The company’s debut auction in Nairobi signals its strategic entry into the region’s burgeoning used automotive spare parts and accessories segment. African Business Consultant for Kaiho, Lucy Koyama, highlighted the company’s […]