In a bold step aimed at transforming the financial landscape for rural Kenyans, Credit Bank Plc has launched its Sacco Cash Pickup Portal Remittance Service. This innovative initiative is designed to simplify the process of receiving overseas remittances while dramatically reducing the associated costs. Developed in close partnership with Skyline Sacco and supported by key […]

East Africa is witnessing a significant leap forward in digital infrastructure as iX Africa Data Centres, the region’s largest hyperscale facility provider, officially launches the first phase of its state-of-the-art data centre in Nairobi. Named NBOX1, this 4.5MW, 780-rack hyperscale, carrier-neutral, and AI-ready facility marks a milestone in Kenya’s journey to becoming Africa’s leading digital […]

In a major breakthrough for smallholder farmers and the broader agricultural sector, the Green Climate Fund (GCF) has released a grant of $75 million—equivalent to Sh9.7 billion—to support initiatives aimed at reducing post-harvest losses and improving livelihoods in Kenya and six other African countries. The funding, announced on February 21, 2025, comes as part of […]

British International Investment (BII), the UK’s development finance institution and impact investor, has announced a $100 million Tier 2 capital facility deal with KCB Bank Kenya. This strategic financing initiative is designed to strengthen KCB Bank’s balance sheet, expand its lending capacity, and support vital sectors such as climate-related projects and women-led small and medium-sized […]

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 […]