Key Highlights A USD 100 Million Boost for East African Trade Standard Chartered, a global cross-border bank, and British International Investment (BII), the UK’s development finance institution and impact investor, today formalised a USD 100 million trade finance facility to support the trade finance and working-capital requirements of private-sector companies in Kenya and Tanzania (British […]

The Communications Authority of Kenya (CA) has unveiled an ambitious KSh 40 billion (approximately US $270 million) Universal Service Fund (USF) Strategy for 2023–2027, aimed at extending information and communications technology (ICT) services to every corner of the country—urban and rural—by 2027. Director General David Mugonyi officially launched the plan on 20 May during a […]

Introduction As Kenya cements its reputation as East Africa’s digital powerhouse, the Information and Communications Technology Authority (ICTA) has unveiled a hand-picked cohort of 130 bankable technology startups ready to receive funding at the upcoming Connected Africa Summit, scheduled for 26–29 May 2025 at the Diamonds Leisure Beach & Golf Resort in Diani (Ouut, Connected […]

Introduction AIB-AXYS Africa, a leading Nairobi-based brokerage born from the June 2020 merger of AIB Capital and Apex Africa Capital, has today announced a strategic alliance with Scope Markets Kenya, a Capital Markets Authority (CMA)-licensed online trading provider. The collaboration aims to give Kenyan retail and institutional investors seamless, single-point access to a diverse suite […]

Kenya’s sugar sector a lifeline for millions of smallholder farmers, factory workers and ancillary businessesis on the cusp of a dramatic revival. The Ministry of Agriculture and Livestock Development has today announced a landmark Ksh 12.29 billion private-sector investment package to overhaul four distressed state-owned sugar mills: Nzoia, Chemilil, Sony and Muhoroni. Under 30-year lease […]

Kenya’s affluent class is quietly rewriting its investment playbook. Once enamoured with flashy offshore property, luxury developments and the mining sector, High Net-Worth Individuals (HNWIs) are refocusing on locally anchored, high-return ventures—from agribusiness to data centres and logistics. This pivot reflects broader economic headwinds: Kenya’s GDP growth slowed to 4.7 percent in 2024 (down from […]

In a strategic move poised to reshape Kenya’s tourism landscape, Africa Travel Investments, a prominent tourism-focused investment firm with the robust backing of Africa’s wealthiest individual, Aliko Dangote, has successfully acquired Pollman’s Tours and Safaris, the oldest and one of the most revered tour operators in Kenya. The Competition Authority of Kenya (CAK) granted its […]

When Sanlam Kenya Plc unveiled plans on April 3, 2025 to raise KSh 2.5 billion via a rights issue, the share price initially jumped to KSh 10.35—an unexpected reaction to what investors usually see as dilutive. Yet by May 9, the stock had retraced sharply, trading at KSh 5.88, a 43% plunge that brought it […]

In a milestone achievement for East Africa’s telecommunications industry, Safaricom PLC (NSE: SCOM) reported total revenue of KES 388.7 billion (approximately $3 billion) for the year ended March 31, 2025—an 11.2 percent increase over the prior year. Net income climbed 10.8 percent to KES 69.8 billion, while Earnings Before Interest and Taxes (EBIT) surged 29.5 percent to KES 104.1 billion. The Board approved a total dividend payout of KES 48.08 billion, […]

Kenya is intensifying its efforts to revolutionize the water and sanitation sector, placing a strong emphasis on climate resilience, digital innovation, and private sector investment. This strategic shift comes ahead of the Kenya Water and Sanitation International Conference and Exhibition 2025, scheduled for June 23 to 27 at PrideInn Paradise Beach Resort in Mombasa. A […]