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Nairobi, Kenya – In a move set to invigorate Kenya’s business landscape, CCI Global, a prominent international outsourcing firm, has unveiled plans for a state-of-the-art call centre facility in Tatu City, Kenya’s esteemed Special Economic Zone. This $50 million investment is anticipated to generate over 5,000 employment opportunities for Kenyan citizens. The facility’s inauguration on […]

In a strategic move set to enhance trade and investment opportunities, Kenya has announced a collaborative infrastructure venture with Madagascar. Spearheaded by Gabeire A Group (GAG), a Kenyan company renowned for its expertise, the project entails the construction of a 250-kilometer road connecting Antananarivo to Toamasina. This initiative aims to bolster economic relations between the […]

Kenyan fintech leader SasaPay has announced a strategic partnership with investment solutions provider Etica Capital Ltd, aiming to streamline financial transactions and investment opportunities for customers. This collaboration enables SasaPay users to seamlessly transfer funds from their digital wallets to Etica Capital for investment purposes, while also facilitating hassle-free cash-out options directly into their SasaPay […]

Sri Lanka’s Browns Investments has made a significant move into the East African tea market with the acquisition of Lipton Teas and Infusions’ estates in Kenya, Rwanda, and Tanzania. The acquisition, pending regulatory approval, underscores Browns Investments’ strategic expansion beyond its Colombo base. In addition to acquiring Lipton’s tea estates, Browns Investments has also taken […]

Responding to the pressing climate challenges in northern Kenya, USAID has unveiled a targeted $6 million initiative. Aimed at enhancing climate resilience among small businesses and financial institutions, this program addresses the recurring droughts and floods afflicting the region. Part of a broader $38 million effort, this initiative focuses on bolstering resilience in arid and […]

Kenya’s rum market is expected to see substantial growth, with a projected valuation of Sh2 billion ($18.2 million) by 2028, up from Sh1.6 billion ($12.3 million) in 2024, according to industry forecasts. This growth is fueled by a rising preference for premium spirits among Kenya’s urban youth. Captain Morgan, distributed by East African Breweries, leads […]

NCBA Group has announced a strategic partnership with Proparco, a leading French firm, to bolster Kenya’s small and medium enterprises (SMEs) with a substantial Sh6.75 billion funding injection. The collaboration, solidified with a handshake between NCBA Group MD John Gachora and Proparco’s Regional Head for East Africa, Audrey Maignan, signals a concerted effort to uplift […]

AgDevCo, a specialized investor in African agriculture, has made a strategic equity investment in Agris, a division of Maris Ltd, to enhance fresh-food production and distribution in East Africa. This investment, securing a minority stake in Agris, reflects AgDevCo’s confidence in the company’s potential to drive a positive impact in the region’s agricultural sector. The […]

XENO Investment Management Limited, a Ugandan unit trust scheme, has set its sights on the Kenyan market, marking its strategic expansion beyond its home territory. The company, founded in 2017, has recently obtained regulatory approval to commence operations in Kenya. In their 2023 annual report, XENO’s chairman, Aeko Ongodia, expressed confidence in the firm’s future […]

The United Kingdom has pledged £6.6 million (Sh1.1 billion) to support 50 green investment projects in Kenya. These projects will span across 10 counties: Embu, Kirinyaga, Kisumu, Laikipia, Nairobi, Makueni, Nandi, Taita-Taveta, Vihiga, and Wajir. Guided by the County Green Finance Assessment, this funding aims to address environmental challenges while stimulating economic growth and job […]