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Ndovu Wealth Limited, a leading fintech company in Kenya, has made significant strides in democratizing financial investment opportunities with the launch of its Money Market Fund (MMF), known as the Ndovu Fund. Announced on October 1, 2024, the new fund aims to provide Kenyans with a low-risk, diversified, and affordable investment platform. The launch is […]

On September 30, 2024, the African Development Bank (AfDB) made a significant move in the infrastructure financing landscape by acquiring a $10 million equity stake in Kenya’s Dhamana Guarantee Company. This strategic investment follows an anchor investment by the UK-Government-backed Private Infrastructure Development Group (PIDG) through its subsidiary, InfraCo Africa. The signing ceremony took place […]

Safaricom, Kenya’s largest telecommunications network provider, has expressed openness to a potential partnership with Elon Musk’s satellite internet provider, Starlink. This development signals a significant shift in the dynamics of Kenya’s telecommunication and internet service sectors, which have been dominated by Safaricom for decades. Speaking to Bloomberg, Safaricom CEO Peter Ndegwa explained that partnering with […]

Kakuzi PLC, one of Kenya’s largest agribusiness firms, has announced a significant Sh100 million ($700,000) investment plan for 2025 as part of its efforts to diversify its agricultural portfolio and expand into new markets. This development underscores the company’s long-term strategy of focusing on sustainability and enhancing shareholder value through innovative agricultural ventures. The announcement […]

In a significant development concerning Kenya’s infrastructure and investment policies, the National Assembly’s Public Investments Committee on Commercial Affairs & Energy has ordered the Kenya Airports Authority (KAA) to suspend all dealings with India’s Adani Group. This comes amid growing concerns about the transparency of the $1.84 billion deal involving the proposed management and expansion […]

In a significant move to bolster Kenya’s economic landscape, the Nairobi Securities Exchange (NSE) has announced a strategic partnership with MOBILIST, a UK government-backed program aimed at enhancing investment opportunities within the Kenyan market. The collaboration was inaugurated at a high-profile event in Nairobi, attended by His Majesty’s Trade Commissioner for Africa, John Humphrey. This […]

Introduction to Safaricom’s Health Initiative Safaricom, Kenya’s largest telecommunications company, has announced an unprecedented investment of Sh104.8 billion aimed at digitizing the healthcare system. This landmark initiative will be rolled out over the next decade, with the goal of transforming the country’s health sector through innovative technology. The project is in line with the Ministry […]

Acorn Holdings, a prominent real estate developer in Kenya, has announced plans to delist its KSh5.7 billion green bond from the Nairobi Securities Exchange (NSE). Listed under the Fixed Income Securities Market Segment, the company issued the bond in 2019 as the first green housing bond on the African continent. Now, in an early redemption […]

Kenya and India are currently negotiating a Sh32.2 billion (USD 250 million) loan facility aimed at boosting trade between the two countries and fostering economic growth in Kenya, particularly in the agriculture sector. Investment, Trade, and Industry Cabinet Secretary (CS) Salim Mvurya made the announcement during a press briefing on September 19, 2024, where he […]

In a significant move within the African fintech landscape, Nigerian-based investment platform Risevest has officially completed the acquisition of Kenya’s mobile investment platform Hisa. This acquisition is poised to reshape the investment landscape in both Kenya and Nigeria, particularly in terms of providing seamless access to U.S. stock markets and Exchange Traded Funds (ETFs) for […]