Introduction The 2024 Summit of the Forum on China-Africa Cooperation (FOCAC), set to take place in Beijing, presents a unique opportunity for Kenya to bolster its economic ties with China. As the second-largest economy in Africa, Kenya has positioned itself as a key player in the region’s economic landscape. This year’s summit comes at a […]
Kenyan e-commerce startup Chpter has secured $1.2 million in a pre-seed funding round, marking a significant milestone for the young company. This funding will enable Chpter to enhance its technology stack and support its expansion into new markets, including Egypt and Nigeria. The company’s innovative approach to integrating social media with e-commerce has garnered attention […]
Kenya, alongside Nigeria, South Africa, and Tunisia, remains a focal point for investment in Africa, as revealed in the 2024 Deloitte Africa Private Equity Confidence Survey (PECS) report. Despite global and regional economic uncertainties, Kenya has demonstrated a resilient and favorable business environment, attracting continued interest from investors across various sectors. The report underscores Kenya’s […]
In a significant move to address global food security concerns, Kenya and Israel have announced a groundbreaking agricultural cooperation partnership aimed at boosting food production in Kenya while leveraging Israel’s advanced agricultural technologies. This strategic alliance comes at a critical time, as the ongoing war in Ukraine continues to disrupt global food supply chains, particularly […]
Kenyan social commerce startup Sukhiba Connect has once again made headlines by successfully raising $1.55 million in a seed extension round. This latest funding comes almost a year after the company initially secured $1.5 million in seed funding aimed at expanding its footprint beyond the East African region. The recent round was led by EQ2 […]
In a landmark move poised to redefine the economic landscape of Kajiado County, the county government has officially launched the Kajiado County Investment Authority Strategic Plan (2024-2029). This comprehensive blueprint is expected to play a pivotal role in guiding investment and development across multiple key sectors within the county over the next five years. The […]
In an era where globalization and international trade are more critical than ever, Africa is taking significant steps to strengthen its position in the global economy. Kenya’s Prime Cabinet Secretary and Foreign Affairs CS, Musalia Mudavadi, has emphasized the importance of developing robust regional and international trade strategies. Speaking at the Tokyo Investment Conference for […]
In a landmark investment that reaffirms Tatu City’s status as Kenya’s premier hub for foreign direct investment and industrial growth, Kim-Fay, a leading East African manufacturer and distributor of hygiene, tissue, and home care products, has secured funding from the Norwegian Investment Fund for Developing Countries (Norfund) and I&M Bank. This financing will support the […]
In a move set to bolster economic ties and enhance trade relations between Kenya and the European Union (EU), the EU has committed Ksh3.6 billion (€25 million) to finance business development in Kenya. This significant investment is part of the broader Economic Partnership Agreement (EPA) between Kenya and the EU, designed to create new opportunities […]
Kenya Electricity Generating Company (KenGen), the state-owned utility, has announced a significant investment in the construction of the Olkaria VII geothermal power plant, a project that underscores Kenya’s commitment to renewable energy. With an estimated cost of Ksh 32 billion (approximately USD 248 million), the Olkaria VII plant will add 80.3 megawatts (MW) of clean, […]
As Kenya’s Sh301 billion International Monetary Fund (IMF) programme nears expiration in April, the Kenya Kwanza government is actively exploring...
In a significant monetary policy shift, the Reserve Bank of India (RBI) has cut its key repo rate for the...
The Reserve Bank of Zimbabwe (RBZ) has opted to maintain its key interest rate at 35%, signaling a commitment to...
In a groundbreaking move set to transform Kenya’s transportation infrastructure, American asset management firm Everstrong Capital has partnered with CPF...