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In a bold move to further position itself as a leading tourism destination in East Africa, Kenya is set to revamp its visa policies and enhance port infrastructure to boost its burgeoning cruise tourism sector. This strategic initiative is part of a broader governmental effort to streamline entry procedures and stimulate economic growth by attracting […]

In a landmark operation that has captured the attention of investors and market watchers alike, the Central Bank of Kenya (CBK) has successfully completed its first-ever domestic bond buyback, repurchasing bonds worth KSh 50.09 billion—marginally exceeding its target of KSh 50 billion. This strategic move, announced in February 2025, marks a significant milestone in Kenya’s […]

In a decisive move to bolster Kenya’s economic backbone, Swedfund has announced its second investment in Victoria Commercial Bank (VCB) PLC – a fresh infusion of $7.5 million aimed at strengthening the bank’s capacity to on-lend to small and medium-sized enterprises (SMEs). This latest commitment underscores Swedfund’s enduring mission to reduce poverty through sustainable investments […]

The 12th edition of the Sankalp Africa Summit, set to take place on February 27-28, 2025, will bring together over 1,500 global leaders, investors, and entrepreneurs in Nairobi. This premier summit, widely regarded as Africa’s largest impact investment and entrepreneurship gathering, will focus on unlocking millions of dollars in funding for African startups while fostering […]

Kenya’s Borrowing Spree: A Breakdown of the Loans A report by the National Treasury, presented to Parliament, has revealed that the Kenyan government borrowed a total of Sh68.7 billion within a span of four months between September and December 2024. This translates to an alarming Sh23.83 million per hour and Sh397,292 per minute, indicating a […]

In a landmark decision aimed at improving the travel experience and positioning Kenya as a premier aviation gateway, the Cabinet has endorsed a comprehensive plan to reform customs, streamline airport operations, and boost intra-African travel. The most notable measure is the increase in the duty-free import limit for arriving passengers from Sh50,000 to Sh250,000, significantly […]

The Nairobi Securities Exchange (NSE) has received a significant boost following the addition of two more Kenyan-listed companies to the Morgan Stanley Capital International (MSCI) Inc. frontier markets indices. This development is expected to enhance the visibility of Kenyan equities among foreign investors, fostering increased inflows and strengthening confidence in the country’s capital markets. The […]

The abrupt shutdown of the United States Agency for International Development (USAID) under President Trump’s executive order has sent shockwaves through Kenya’s startup ecosystem, abruptly cutting off a crucial stream of non-dilutive funding that many early-stage businesses relied on for growth. Over the past decade, USAID’s Development Innovation Ventures (DIV) program has injected more than […]

The Kenyan government’s Affordable Housing Board has revealed that Ksh46 billion from the housing levy contributions has been invested in short-term government securities, a move aimed at maximizing returns on the collected funds as construction projects face delays. This figure represents a more than double increase from the Ksh20 billion invested in Treasury Bills (T-Bills) […]

In a strategic move to bolster the reliability and reach of electricity in Western Kenya, the Kenya Power and Lighting Company PLC (Kenya Power) has committed nearly KSh.1 billion towards the expansion and modernization of the region’s electrical infrastructure. This substantial investment underscores the company’s dedication to supporting both domestic and industrial consumers across 11 […]