Africa’s electric mobility story has long been characterized by unfulfilled promise rather than tangible progress. Infrastructure remains scarce across the continent, power grids are notoriously unreliable, and most markets continue to depend on cheap imported gasoline-powered motorcycles. However, Dubai-headquartered Spiro has spent the past two years systematically working to rewrite that narrative, and its latest […]

In a significant development for East Africa’s telecommunications landscape, Atlas Tower has secured substantial backing from STOA, a French infrastructure investment platform with a strong focus on African markets, to accelerate its aggressive expansion across Kenya. This strategic partnership aims to rapidly scale the company’s tower infrastructure while pioneering the integration of sustainable energy solutions […]

The International Finance Corporation (IFC), the private sector investment arm of the World Bank Group, has committed a comprehensive $62.5 million financing package to support AXIAN Telecom‘s proposed acquisition of Wananchi Group, the East African telecommunications company behind the well-known Zuku brand. The transaction represents a significant consolidation move in East Africa’s competitive broadband and […]

Kenya has taken a decisive step toward cementing its position as Africa’s leading digital finance hub with the passage of the Virtual Asset Service Providers Bill 2025. The landmark legislation, approved by Parliament this week, establishes a comprehensive regulatory framework for cryptocurrencies and digital assets, marking a pivotal moment in the continent’s embrace of blockchain […]

In a move that signals growing international confidence in Africa’s fintech ecosystem, Yango Group, a prominent UAE-based technology company, has announced a strategic investment in Zanifu, a leading Kenyan fintech platform specializing in providing working capital solutions to small and medium-sized enterprises (SMEs) across East Africa. The partnership extends beyond traditional venture funding, with Yango […]

Kenya has achieved a significant milestone in its quest for food sovereignty by successfully harvesting its first maize crop under the revived Galana Kulalu Irrigation Scheme, signaling a potentially transformative phase in the country’s efforts to rebuild domestic food production capacity and dramatically reduce reliance on costly agricultural imports that drain foreign exchange reserves. The […]

CIC Insurance Group has marked its formal entry into the global investment arena with the launch of the CIC Global Balanced Special Fund, a USD-denominated balanced collective investment scheme designed to provide Kenyan investors with unprecedented access to international markets alongside domestic investment opportunities. The launch, unveiled by CIC Insurance Group’s Managing Director Patrick Nyaga […]

NAIROBI, Kenya, October 8, 2025 — In a transaction poised to reshape Kenya’s financial services landscape, a consortium of seasoned investment professionals operating under Theo Capital Holdings Ltd has successfully acquired Kestrel Capital East Africa Limited (KCEAL), one of the country’s most established stockbrokerage firms and investment banks. The deal, structured as a Management Buyout […]

Co-operative Bank of Kenya has extended a substantial KShs 110 million debt financing package to Eboss Investments Company, earmarked for the construction of Seven Oaks School, a new British-curriculum educational institution set to serve the rapidly expanding Brookview Membley community in Ruiru. This strategic investment underscores the bank’s commitment to supporting integrated mixed-use developments that […]

Kenya has launched an ambitious $1 billion buyback offer targeting its February 2028 Eurobond, coupled with the simultaneous sale of new notes to finance the repurchase operation, the government announced Thursday. The strategic move represents the East African nation’s latest effort to proactively manage its debt maturity schedule and avoid the kind of currency crisis […]