In a move set to rekindle Kenya’s position as a major player in the global mineral market, Sofax Fluorspar Kenya has today signed a landmark Memorandum of Understanding (MoU) with the Chinese firm, Mizztech Group, to refurbish its processing plant in the mineral-rich Kerio Valley. This agreement signals a significant milestone, marking a crucial step […]

KCB Group, one of East Africa’s largest and most influential financial services institutions, has posted robust financial results for the first half of 2025. The group announced a profit after tax of KSh 32.33 billion, an impressive 8.05% increase from the KSh 29.92 billion reported in the same period last year. This strong performance, underpinned […]

In a move set to invigorate the country’s youth entrepreneurship landscape, President William Ruto has announced the government’s plan to establish a Youth Enterprise Investment Bank. This new financial institution, to be capitalized at an impressive Ksh9.75 billion, is poised to become a cornerstone of the administration’s strategy to address the pervasive issues of youth […]

The East African nation of Kenya has embarked on a new, multi-pronged strategy to finance its critical infrastructure projects, a move that comes after a high-profile cancellation of a deal with India’s Adani Group. In a significant shift from the previous plan, which involved a private concession, Kenya is now turning to international development lenders […]

The announcement by the Kenyan National Treasury to raise approximately KShs 100 billion through the privatisation of the Kenya Pipeline Company (KPC) marks a pivotal moment in the nation’s economic strategy. This plan, to be executed through an initial public offering (IPO) on the Nairobi Securities Exchange (NSE), is presented as a strategic move to […]

In a major development for Nairobi’s urban landscape, the European Investment Bank (EIB), through its specialized development arm, EIB Global, has announced a significant investment of KSh 3.2 billion (equivalent to €21.5 million) to fund the construction of over 600 affordable, sustainable houses in the capital. This initiative is a part of a broader, ambitious […]

In a significant stride toward a sustainable and robust energy future, the Kenyan government has officially greenlit the development of the Olkaria VII Geothermal Power project. This new facility, spearheaded by state-owned electricity producer KenGen, is projected to inject a crucial 80.3MW of electricity into the national grid by mid-2027. This landmark project, a cornerstone […]

In a move set to significantly reshape Kenya’s digital financial landscape, Safaricom and PayPal have announced a groundbreaking strategic partnership. This collaboration is designed to enable seamless fund transfers between M-Pesa and PayPal accounts, unlocking a new era of global digital connectivity for millions. The alliance is poised to benefit over 35 million M-Pesa users […]

In a significant move poised to inject fresh dynamism into Kenya’s economy, NCBA Bank Kenya, a leading player in asset financing, today announced a strategic partnership with Mobikey Truck & Bus Ltd. This collaboration is set to provide comprehensive and flexible asset financing solutions for a wide range of heavy-duty vehicles and machinery, including MAN […]

Absa Bank Kenya has significantly bolstered its commitment to addressing Kenya’s persistent affordable housing deficit, earmarking KES 4 billion for onward lending to the retail segment. This substantial allocation represents an increase from its previous KES 3 billion investment portfolio with the Kenya Mortgage Refinance Company (KMRC), signaling Absa’s intensified focus on making homeownership a […]