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JPMorgan Chase, the largest U.S. bank and one of the world’s most influential financial institutions, has finally received approval to establish a representative office in Kenya, marking a significant step in its African expansion plans. This approval, granted by the Central Bank of Kenya (CBK), comes almost 12 years after the banking conglomerate first revealed […]

By International Renewable Energy Agency (IRENA)October 14, 2024 The Accelerated Partnership for Renewables in Africa (APRA) officially launched its Investment Forum today in Nairobi, Kenya. This highly anticipated event brought together a diverse range of stakeholders, including government ministers, investors, project developers, and financial institutions, with a shared objective: to scale up investments that align […]

The Kenya Electricity Transmission Company Limited (KETRACO) has signed a landmark $736 million deal with Adani Energy Solutions, a subsidiary of India’s Adani Group, to develop crucial transmission lines and substations. This agreement marks Kenya’s first public-private partnership (PPP) in the energy transmission sector, with Adani committing to raise the entire project funding through a […]

Kenya has taken a significant step in its efforts to combat climate change and promote green investments with the establishment of the Kenya Green Investment Fund. This initiative, developed in collaboration with the World Bank, will initially receive seed capital amounting to USD 40 million (KSh 5.1 billion). The primary goal is to drive the […]

In a significant boost to female entrepreneurship and sustainability efforts in Kenya, Standard Chartered Kenya, in collaboration with @iBizAfrica-Strathmore University, has awarded KES 8.75 million to seven women-led startups operating in the sustainability sector. This initiative is part of the seventh cohort of the highly successful Women in Tech Incubation Program, which focuses on empowering […]

Introduction and Context Kenya’s Trade Cabinet Secretary (CS) Salim Mvurya announced plans to strengthen trade ties between Kenya and Qatar by appointing a Qatari representative to manage a Qatar Investor Desk within Kenya’s Ministry of Trade. The move, revealed during a trade summit in Doha, Qatar’s capital, is a significant step toward fostering trust, safety, […]

Market analysts predict that the Central Bank of Kenya (CBK) will reduce its benchmark interest rate by 0.5 percent during today’s Monetary Policy Committee (MPC) meeting, potentially bringing the rate down to 12.25 percent. Such a move would be aimed at boosting economic growth by easing borrowing conditions for businesses and individuals. This rate reduction […]

Kenya has experienced a significant boost in foreign portfolio investments over the past year, reflecting improved investor sentiment and growing confidence in the country’s economic prospects. According to the latest data from the Central Bank of Kenya (CBK), foreign investments in portfolio assets such as stocks, bonds, and other financial instruments have more than doubled […]

Britam Asset Managers, one of Kenya’s leading investment management firms, has launched a USD Fixed Income Fund aimed at providing both local and international investors with a secure and competitive investment option amidst increasing economic volatility. The new fund, which offers a diversified portfolio of fixed-income securities, is designed to deliver attractive returns while safeguarding […]

Kenya’s capital, Nairobi, is on the brink of a significant transportation overhaul as the World Bank is set to inject billions into the development of a new 58-kilometer commuter rail system. This ambitious project is part of the wider Kenya Urban Mobility Improvement Project (KUMIP), which aims to streamline the city’s transport services, reduce road […]