Kenyan startups clinched Ksh 82.5 billion in funding during 2024, equivalent to 29% of all venture capital invested across Africa, according to the Kenya Innovation Outlook 2024 and data from Africa: The Big Deal (citizen.digital). This positions Kenya ahead of traditional leaders—Nigeria, Egypt, and South Africa—as the continent’s top destination for startup investment. While impressive, this […]

In a move that promises to deepen economic ties between Latin America and East Africa, Senator H.E. José Gonçalves Oliveira from Pará the largest state in Brazil has landed in Kenya to explore investment opportunities worth up to $40 billion in health technology and agriculture. This visit, facilitated by prominent Kenyan businessman James Wanjohi Njoroge, […]

The Competition Authority of Kenya (CAK) has recently approved a major acquisition deal, clearing the way for U.S.-based Nigerian fintech Moniepoint Inc. to acquire a controlling 78% stake in Sumac Microfinance Bank Limited. This development marks a significant milestone for Moniepoint as it plans to establish a strong foothold in Kenya’s burgeoning financial services sector. […]

NAIROBI – In a significant move to modernize Kenya’s power infrastructure and support its transition to renewable energy, the Government of Kenya and the French Development Agency (AFD) have joined forces to launch the National System Control Centre (NSCC) project. Valued at Sh12 billion (approximately €94 million), the NSCC is set to become the nerve […]

President William Ruto has unveiled a Sh1.5 billion government plan to construct three additional fish-landing beaches along the shores of Lake Victoria, aiming to accelerate economic transformation in Kenya’s Nyanza region and strengthen food security through sustainable fishing practices (Capital FM). Unlocking the Blue Economy: A Strategic Imperative Lake Victoria, the largest freshwater lake in […]

Investment Overview: Powering the Intelligent Economy Safaricom PLC has announced a landmark commitment of Sh65 billion (approx. $500 million) to develop artificial intelligence (AI) infrastructure across East Africa over the next three years. The announcement, made by Chief Enterprise Business Officer Cynthia Kropac during her keynote at the Connected Africa Summit 2025 in Diani, Kwale […]

East Africa’s Largest AI & Innovation Ecosystem Event The world’s largest tech show brand, GITEX, is making its mark in East Africa. Organised by KAOUN International in partnership with the Office of the Special Envoy on Technology of the Republic of Kenya and Africa’s premier technology catalyst, dx⁵ (pronounced “dx-five”), Ai Everything Kenya x GITEX […]

Valour Inc. has tapped GulfCap Investment Bank (GCIB) as its transaction advisor to cross-list its suite of exchange-traded products (ETPs) on the Nairobi Securities Exchange (NSE). Subject to approval by Kenya’s Capital Markets Authority (CMA), the move will enable Valour’s ETPs to trade in Kenyan shillings, giving East African investors regulated exposure to leading digital […]

Introduction Uganda has just reignited the stalled ambitions of East Africa’s flagship rail initiative. On May 22, 2025, the landlocked country secured an $800 million (Ksh104 billion) financing agreement with the Islamic Development Bank (IsDB) to fund multiple infrastructure projects, chief among them the long-delayed Standard Gauge Railway (SGR) link from Malaba (on the Kenya […]

Introduction: Powering a New Era of Collaboration On June 5, 2025, Nairobi’s Emara Ole-Sereni will host the first-ever U.S.-Kenya Creative Economy Forum, a groundbreaking assembly designed to fast-track strategic partnerships, investment, and innovation across Kenya’s fast-growing creative industries. Co-organized by the U.S. Embassy in Kenya and the American Chamber of Commerce Kenya (AmCham Kenya), the […]