In a significant move to strengthen financial inclusion and expand credit access for Kenya’s small business sector, the Kenya Development Corporation (KDC) has injected Sh500 million into Githunguri Dairy Cooperative Society (GDC). This substantial investment represents a critical component of the government’s broader strategy to empower micro, small, and medium enterprises (MSMEs) through improved access […]

Acorn Holdings Limited, the developer behind Kenya’s popular Qwetu and Qejani student housing brands, has received authorization from the Capital Markets Authority to establish a Build-To-Rent Development Real Estate Investment Trust backed by KSh 2.20 billion in committed institutional capital, marking a significant expansion of the company’s affordable housing portfolio beyond the student accommodation market. […]

Kenya’s renewable energy landscape received a significant boost this week as Proparco, the French development finance institution, announced a strategic equity investment in the country’s 100-megawatt Kipeto wind farm located in Kajiado County. The investment, disclosed on Wednesday, November 12, represents another milestone in Kenya’s ambitious journey toward achieving 100% renewable electricity generation and universal […]

East African Breweries Limited (EABL), Kenya’s premier alcoholic beverages manufacturer and one of the most established companies listed on the Nairobi Securities Exchange, has successfully raised KSh 16.7 billion through a corporate bond issuance that significantly exceeded market expectations. The oversubscription demonstrates strong investor confidence in the company’s financial position and future prospects, marking a […]

In a significant advancement for Kenya’s financial services sector, I&M Bank has launched FX Direct, an innovative digital platform that enables business, corporate, and institutional clients to execute foreign exchange transactions in real time. The announcement, made on November 12, 2025, during a media briefing in Nairobi, marks a pivotal shift in how the bank’s […]

Nairobi – Kenya is embarking on an ambitious energy transformation agenda that seeks to more than triple the nation’s electricity generation capacity from the current 3,192 megawatts to 10,000 megawatts by 2032, leveraging strategic public-private partnerships (PPPs) with Gulf investors and other international players. This bold initiative, unveiled by President William Ruto following high-level discussions […]

Naivas Supermarket has marked a historic milestone in Kenyan retail with the appointment of Andreas von Paleske as its Chief Executive Officer, making him the first non-family member to lead the company in its 35-year history. The leadership transition, which took effect on November 1, 2025, coincided with the release of impressive financial results showing […]

Africa-focused venture capital firm Novastar Ventures has secured a transformative $40 million equity commitment from the Green Climate Fund (GCF) for its new Africa People & Planet Fund III, which is targeting a total size of $200 million. The investment represents a significant milestone in efforts to bridge Africa’s massive climate finance gap and demonstrates […]

Safaricom, Kenya’s telecommunications giant and East Africa’s most valuable publicly listed company, has announced a remarkable 55% increase in its half-year profit, signaling a strong rebound in its core business and notable progress in its strategic expansion into Ethiopia. The company posted a group operating profit of 65.2 billion Kenyan shillings ($505.62 million) for the […]

President William Ruto has made a candid admission that Kenya’s electricity supply is insufficient to meet current demand, forcing the implementation of daily load-shedding between 5 pm and 10 pm to keep the national grid stable. The revelation, made during a meeting with Kenyans living in Doha, Qatar, marks the first public confirmation of deliberate […]