The dynamic financial services industry in East Africa is witnessing a notable strategic move as Access Bank Kenya, a key player in the region, announces a fresh capital injection of US$15 million. This significant funding originates from its parent company, Access Bank Plc, a Nigerian multinational banking giant, and forms an integral part of a […]

In a landmark announcement poised to redefine Kenya’s healthcare and industrial landscape, President William Ruto has unveiled plans to establish a monumental KSh 150 billion (approximately $1.15 billion USD) pharmaceutical manufacturing hub in Murang’a County. This ambitious project, earmarked for land generously ceded by Del Monte, is a cornerstone of the government’s aggressive industrialization agenda, […]

Kenya’s financial markets are experiencing a significant shift, with Treasury Bill (T-bill) yields plummeting to their lowest levels since June 2022. This sharp decline follows a recent, impactful interest rate cut by the Central Bank of Kenya (CBK), a move designed to stimulate economic activity and ease the cost of borrowing. As short-term returns dwindle, […]

In a significant move set to redefine its economic trajectory, Kenya is forging a deeper, more transformative partnership with the European Bank for Reconstruction and Development (EBRD). This burgeoning alliance, underscored by Kenya’s pursuit of full EBRD membership and recipient country status, embodies a powerful collective commitment to unleash the full potential of Micro, Small, […]

In a vibrant declaration of its growing stature on the global stage, Kenya has boldly emerged as Africa’s premier creative economy destination. The recent inaugural U.S.-Kenya Creative Economy Forum, a landmark event brimming with anticipation and ambition, successfully positioned the East African nation as a strategic investment hub for American companies eager to tap into […]

In a monumental stride towards self-reliance and regional leadership in healthcare, Kenya has officially embarked on a transformative Ksh65 billion partnership with China. This landmark agreement, announced on Monday, June 9, 2025, following high-level discussions between Kenya’s Cabinet Secretary for Health, Aden Duale, and China’s Ambassador to Kenya, Guo Haiyan, is set to establish state-of-the-art […]

Kenyan startups clinched Ksh 82.5 billion in funding during 2024, equivalent to 29% of all venture capital invested across Africa, according to the Kenya Innovation Outlook 2024 and data from Africa: The Big Deal (citizen.digital). This positions Kenya ahead of traditional leaders—Nigeria, Egypt, and South Africa—as the continent’s top destination for startup investment. While impressive, this […]

In a move that promises to deepen economic ties between Latin America and East Africa, Senator H.E. José Gonçalves Oliveira from Pará the largest state in Brazil has landed in Kenya to explore investment opportunities worth up to $40 billion in health technology and agriculture. This visit, facilitated by prominent Kenyan businessman James Wanjohi Njoroge, […]

The Competition Authority of Kenya (CAK) has recently approved a major acquisition deal, clearing the way for U.S.-based Nigerian fintech Moniepoint Inc. to acquire a controlling 78% stake in Sumac Microfinance Bank Limited. This development marks a significant milestone for Moniepoint as it plans to establish a strong foothold in Kenya’s burgeoning financial services sector. […]

NAIROBI – In a significant move to modernize Kenya’s power infrastructure and support its transition to renewable energy, the Government of Kenya and the French Development Agency (AFD) have joined forces to launch the National System Control Centre (NSCC) project. Valued at Sh12 billion (approximately €94 million), the NSCC is set to become the nerve […]