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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, […]

Kenya Airways, the national carrier of Kenya, has reported a net profit of KSh 513 million for the first half of 2024, marking its first profitable period in over a decade. This turnaround comes after a prolonged period of financial difficulties, with the airline last recording a profit of KSh 384 million in 2013. The […]

Jubilee Insurance, a leading player in the East African insurance market, has launched an ambitious campaign dubbed “There’s living, and there is living free,” aiming to close the gap between complex insurance concepts and the everyday needs of customers across Kenya and the broader East African community. The initiative is set to run throughout the […]

In a strategic move poised to address Kenya’s pressing housing deficit, Shelter Afrique Development Bank (ShafDB), a leading Pan-African institution focused on financing housing, urban, and related infrastructure development, has signed a Memorandum of Understanding (MOU) with CPF Group. This agreement, which represents a significant milestone in the ongoing efforts to provide affordable housing across […]

The Kenya Development Corporation (KDC) has taken a significant step towards empowering Small and Medium Enterprises (SMEs) across the country by launching a Sh2 billion credit support program. This initiative, in partnership with India’s Export-Import (Exim) Bank, is designed to provide favorable financial terms to Kenyan businesses for acquiring technology, machinery, and equipment from India. […]

HF Group Plc, a prominent financial services company in Kenya, has announced a rights issue offering up to 1,499,995,255 new ordinary shares to its existing investors at KSh 5 per share. The rights issue, which includes a 30% greenshoe option, represents a significant opportunity for shareholders and marks a strategic move by the company to […]

Conduit, a rapidly growing cross-border payments platform, has announced a significant milestone in its journey towards global expansion. The company recently secured $6.5 million in funding from Helios Digital Ventures, a leading African-focused investment firm. This new capital injection is set to fuel Conduit’s ambitious plans to scale its operations across Africa, a market ripe […]

Introduction: A Significant Milestone for Kenya’s Industrial Landscape In a move that underscores Kenya’s growing significance as a hub for technological innovation and industrial development in Africa, CHINT Global, a leading global provider of smart energy solutions, has opened a state-of-the-art manufacturing plant at Graylands Industrial Park in Athi River, Machakos County. This new facility, […]

In a significant move that underscores the ongoing transformation within Kenya’s sugar industry, an investor is poised to acquire a 40 percent stake in Angata Sugar Mills, a company currently in the process of establishing a new sugar milling factory in Moyoi, Transmara, Narok County. Savannah Crest KE Limited is expected to inject approximately KSh […]