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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 […]

Privamnuts, a leading processor and exporter of macadamia nuts from Kenya to Europe, the USA, and the Far East, has secured a significant investment of Sh387 million (USD 3 million). The funding comes from the ESG First Fund, managed by Aavishkaar Capital in partnership with KfW, a German state-owned investment and development bank. The investment […]

Kenya’s economic relationship with China continues to expand, with this year’s AFRIPEAK Expo marking a significant milestone in fostering industrial cooperation between the two nations. Kenya’s presence at the expo, which will take place in Nairobi, has grown from 20 participants in 2023 to 30 in 2024. The event is seen as a major platform […]

Top-tier savings and cooperative societies (Saccos) may not withstand economic shocks in the short-term. A recent report by the Sacco Societies Regulatory Authority (Sasra) highlights financial health trends in several of Kenya’s top-tier savings and cooperative societies. The report, which was released after an analysis of the 2023 financial year, shows that at least five […]

Nigerian fintech company Risevest has made a significant move by acquiring Kenyan investment startup Hisa, marking its formal entry into the East African market. This strategic acquisition enables Risevest to expand its operations without needing to secure new licenses in Kenya, thanks to Hisa’s existing regulatory approvals. As a result, Risevest can leverage Hisa’s local […]

The ongoing strike by Kenyan airport workers at Jomo Kenyatta International Airport (JKIA) has brought a critical spotlight on the controversial takeover bid by India’s Adani Group. This industrial action has led to major disruptions, grounding flights, leaving passengers stranded, and triggering widespread chaos at one of Africa’s busiest air travel hubs. The planned buyout, […]

African Originals, the innovative company behind popular craft beverage brands like Kenyan Originals and 5.8, has successfully raised $2 million in a pre-seed funding round led by Phoenix Beverages Limited. This crucial investment signals a significant step forward for African Originals, a company known for its commitment to showcasing authentic Kenyan flavors and promoting sustainability. […]

Overview and Background Gautam Adani, one of Asia’s wealthiest individuals and the chairman of Adani Group, had ambitious plans to invest $1.85 billion into Nairobi’s Jomo Kenyatta International Airport (JKIA), Kenya’s largest and busiest airport. The proposal, which involved the transfer of airport management to Adani Group under a 30-year lease, has been met with […]

The interest rates on Treasury bills in Kenya have continued to decline for six consecutive weeks, reflecting a significant improvement in the country’s macroeconomic environment. This sustained decline comes as the Central Bank of Kenya (CBK) navigates through a challenging economic landscape, marked by previous inflationary pressures and currency volatility. Overview of Treasury Bill Rates […]

Nairobi, Kenya, is set to become the epicenter of Africa’s fintech revolution as it hosts the 12th edition of the Africa Fintech Summit (AFTS) from September 4-6, 2024. This highly anticipated event, held at the J.W. Marriott, will bring together over 1,200 stakeholders from across the continent and the globe to engage in growth-enabling conversations, […]