Key Takeaway: Finnfund’s $4 million investment in Poa Internet represents a strategic move to tackle Kenya’s digital divide, bringing affordable high-speed internet to underserved communities while positioning the country as a model for inclusive digital transformation across Africa. Finnfund, the Finnish development financier, has announced a $4 million debt investment in Poa Internet, Kenya’s fourth-largest […]

Kenya Airways delivered a devastating blow to shareholders on Wednesday as its stock became the biggest loser at the Nairobi Securities Exchange (NSE), shedding 19.18 percent of its market value following the announcement of a crippling Sh12.15 billion half-year net loss. The dramatic collapse in share price came just a day after the national carrier […]

Kenya Airways, one of Africa’s three largest airlines, has announced plans to raise at least $500 million in additional capital to expand and modernize its fleet by the first quarter of 2026, following a significant financial setback that saw the carrier post a 12.17 billion shillings ($94.34 million) pretax loss in the first half of […]

The Kenyan government has finalized structures for the comprehensive rollout of the Sh20 billion World Bank-backed youth empowerment program, positioning it as a transformative solution to the country’s escalating unemployment crisis. The National Youth Opportunities Towards Advancement (NYOTA) project aims to equip more than 820,000 vulnerable youth with skills, business capital, and access to financial […]

HewaTele Limited, a Kenyan medical oxygen producer, has secured US$10.5 million from AfricInvest’s Transform Health Fund to build a large-scale plant capable of producing oxygen at 99.6% purity. The investment represents a critical step toward addressing East Africa’s medical oxygen crisis, which has contributed to preventable deaths across the region for decades. Founded in 2014 […]

Executive Summary Kenya has opened a US$390 million tender for tech firms to build high-speed internet for over 1,000 rural schools, clinics, and offices. Funded by the World Bank, the project ensures a transparent bidding process and reliable payments for the selected contractors. Bids are due by October 1, 2025, with the project’s construction phase […]

Executive Summary Leading global investment firm 500 Global has joined forces with the United Nations Development Programme to establish a comprehensive three-pronged entrepreneurship initiative in Nairobi, marking a significant expansion of support for Africa’s startup landscape. The partnership introduces a structured approach to startup development through three distinct programs, each targeting entrepreneurs at different stages […]

The Central Bank of Kenya (CBK) has announced a KSh 50 billion tap sale of two infrastructure bonds after last week’s record oversubscription showed strong investor appetite for tax-free government securities. The sale, running from August 19 to August 21, 2025, will reopen the fifteen-year IFB1/2018/015 and nineteen-year IFB1/2022/019, which had attracted bids worth KSh […]

Knight Frank Kenya, a leading property consultancy, has released its highly anticipated Kenya Market Update for H1 2025, painting a picture of remarkable resilience and growth across the country’s real estate landscape. The comprehensive analysis reveals a sector that has not only weathered recent economic challenges but emerged stronger, with a robust 5.6% growth rate […]

The Nairobi Securities Exchange (NSE) has concluded a week of extraordinary gains, with market capitalization soaring past the KSh 2.6 trillion mark for the first time since February 2022. This rally, fueled by a potent combination of strong corporate performance, robust dividend announcements, and a resurgence of foreign investor confidence, has seen key indices hit […]