Kenya is once again turning to the International Monetary Fund (IMF) for assistance as its fiscal challenges deepen. The East African nation, grappling with a widening budget gap and a failure to meet crucial fiscal benchmarks, has decided to forego the final review of an existing four-year credit facility that would have unlocked an additional […]

In a groundbreaking collaboration that exemplifies the power of digital financial inclusion, M-KOPA and Turaco Insurance Agency have reached an impressive milestone: providing free hospital cash insurance to over 1 million Kenyans in just one year. This innovative initiative, embedded in M-KOPA smartphones at no extra cost, forms a core part of M-KOPA’s “More Than […]

In a landmark move poised to reshape the global startup landscape, the Startup 360 Connect Program now offers Kenyan and East African entrepreneurs a golden ticket to enter the UK market. Backed by the UK Government, this ambitious initiative is designed to empower high-potential startups by providing them with access to investors, seasoned mentors, and […]

In a bid to transform Kenya’s creative and cultural landscape, HEVA Fund has unveiled a groundbreaking investment of $5 million (approximately Ksh.647 million) aimed at providing tailored financial solutions to the country’s vibrant creative sector. Launched on March 12, 2025, this first-of-its-kind initiative—dubbed Ota Kopa & Ota Kopa Plus—seeks to empower over 7,000 young creatives […]

In a dramatic turnaround for Kenya’s pioneering automaker, Mobius Motors has resumed operations following its acquisition by Silver Box—a Middle Eastern firm known for its strategic investments and operational expertise. Once on the brink of ceasing operations due to financial strains and mounting debts, Mobius Motors is now poised for a revitalization that promises not […]

In a significant policy reversal that is poised to reverberate across Kenya’s industrial landscape, the Energy and Petroleum Regulatory Authority (EPRA) has revoked the specially discounted electricity tariff for industries operating in the Olkaria-Kedong Special Economic Zone (SEZ) in Naivasha. Introduced as a pilot scheme in 2020, the discounted rate of KSh 5 per kWh […]

In a landmark celebration of excellence and diversity, the Association of Kenya Insurance (AKI) 2024 Awards, held recently in Nairobi, underscored the dynamic evolution of Kenya’s insurance sector—a business now valued at Sh276 billion. With women emerging as the frontrunners in insurance sales and leadership, the awards not only recognized top-performing companies like APA Insurance, […]

In a landmark move aimed at combating Africa’s persistent water crisis, social impact company 4Life Solutions has unveiled a Ksh.413 million (approximately $3.2 million) investment to scale up its safe water access programmes across the continent. With Kenya positioned as the central hub of its operations, the company is poised to expand its innovative solutions—most […]

In a landmark move for Africa’s burgeoning tech ecosystem, Kenyan startup Badili has secured a US$400,000 debt facility from French development finance institution Proparco. The financing, arranged through the Bridge by Digital Africa initiative, marks a significant milestone in Badili’s expansion plans across the continent. Founded in 2021 by Rishabh Lawania and Keshu Dubey, Badili […]

In a move that underscores its commitment to serving a diverse customer base, I&M Bank has significantly expanded its branch network by opening nine new branches, bringing its total to 61 branches across 21 counties. This strategic expansion, announced on March 4, 2025, by Business Now, targets Micro, Small and Medium Enterprises (MSMEs) as well […]