In a vibrant display of its growing economic prowess and innovation, Kenyan startups have collectively raised a remarkable Sh17 billion (approximately $130 million USD) in the first half (H1) of this year. This impressive figure, highlighted in a new report by “Africa: The Big Deal,” an American newsletter dedicated to tracking startup investments across the […]

As Kenyans prepare for fresh Saba Saba Day protests on Monday, the government has sounded a strong alarm regarding potential economic repercussions. Senior officials caution that repeated demonstrations, particularly those marred by violence and property destruction, could severely erode investor confidence and push the East African economic powerhouse towards a precarious path of decline. This […]

The vibrant city of Nairobi is currently hosting a pivotal event poised to redefine Africa’s investment landscape: the inaugural NextFrontierAfrica Summit. This landmark gathering, which commenced today, marks a strategic push by Kenya to champion targeted, sector-based investment across the continent. Bringing together a diverse array of stakeholders, including global investors, influential policymakers, innovative entrepreneurs, […]

In a landmark development set to significantly accelerate Kenya’s economic trajectory, the United Kingdom has pledged a substantial KSh 17.7 billion (approximately £100 million) fund specifically targeting Kenya’s vibrant innovation landscape. This commitment is a cornerstone of the renewed Strategic Partnership 2025–2030, solidified during a recent high-profile meeting between Kenyan President William Ruto and UK […]

In a landmark moment for bilateral relations, Kenyan President William Ruto and United Kingdom Prime Minister Sir Keir Starmer on July 1, 2025, signed a renewed 5-year Kenya-UK Strategic Partnership pact that is poised to unlock over Ksh.427 billion (approximately £2.5 billion) in transformative investments. This monumental agreement, formalized during high-level bilateral talks in London, […]

The financial landscape in Kenya has seen a notable development with the Central Bank of Kenya (CBK) announcing the cancellation of the authority granted to Bank Al-Habib Ltd (BAHL) of Pakistan to operate its Representative Office in Kenya. This decision, effective May 15, 2025, follows a strategic rationalization by BAHL to consolidate its international operations, […]

East Africa’s leading investment powerhouse, Centum Investment Company PLC, has sent ripples across the regional financial markets with a recent profit warning. The Nairobi-headquartered firm, a diversified investment vehicle with significant stakes across various critical sectors, has projected a substantial 25% decline in net earnings for the financial year that concluded on March 31, 2025. […]

A transformative era has dawned for chilli farmers in Kenya’s coastal region with the official commissioning of a state-of-the-art Sh250 million (approximately US$1.9 million) processing plant in Malindi town. This significant investment, spearheaded by Equator Kenya Limited (EKL) and backed by strategic international partnerships, is poised to revolutionize the agribusiness landscape for thousands of smallholder […]

The halls of Telkom Kenya, once a symbol of national telecommunications prowess, are now echoing with the growing frustration of its workforce. Employees of the state-owned telco are increasingly vocal, pushing for an urgent state bailout as hopes for a strategic investor dwindle. This plea comes after years of unfulfilled promises and failed attempts by […]

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 […]