Kenya is gearing up for digital transformation with support from international allies, notably Germany. Lufthansa Industry Solutions, known for its IT consulting and systems integration expertise, has unveiled plans to invest in Kenya. CEO Jörn Messner and Chief Commercial Officer Joern-Matthias Derrer led a delegation that met with Kenya’s Principal Secretary for Information Technology, Communications, […]

Tanzania’s Amsons Group is aiming to acquire Kenya’s Bamburi Cement PLC in a significant deal valued at $180 million (about KSh 23.22 billion). The offer, which includes purchasing Holcim’s entire stake in Bamburi Cement, marks Amsons Group’s strategic move into East Africa’s cement market. Founded in 2006, Amsons Group has grown into a diverse conglomerate […]

Kenya has taken the lead in start-up investments across Africa in the first half of 2024, despite a downturn in overall venture funding on the continent. According to data from Africa: The Big Deal, Kenyan start-ups secured $244 million (Ksh. 31 billion), capturing a significant 32% share of the total $780 million raised by African […]

Moody’s Investors Service has downgraded Kenya’s long-term issuer ratings to Caa1 from B3, with a continued negative outlook. This decision reflects concerns over the government’s fiscal strategy and its implications for debt sustainability. The downgrade underscores Kenya’s reduced ability to implement revenue-driven fiscal consolidation, critical for improving debt affordability. Moody’s pointed out the government’s recent […]

Del Monte Kenya, a cornerstone of Kenya’s agricultural sector since 1965, plays a pivotal role in both economic growth and community development. Specializing in pineapple processing, the company has become a leading global exporter, contributing significantly to Kenya’s GDP and foreign exchange reserves. In 2023, Del Monte Kenya exported 75,000 metric tonnes of pineapple products […]

Homa Bay County is gearing up for a transformative economic endeavor with the imminent development of the Riwa Special Economic Zone in Rachuonyo North Sub County. Governor Gladys Wanga unveiled the county’s meticulous master plan, which is nearing implementation following a crucial topographical survey. Spanning 532 acres, the industrial park is set to emerge as […]

Kenya’s tech startup landscape is set to undergo a significant transformation with the launch of the Chanzo OneSpace Startup and Scaleup Accelerator (COSSA). Spearheaded by Two Rivers International Finance and Innovation Centre Special Economic Zone (TRIFIC SEZ), ONESPACE, and Chanzo Capital, this initiative aims to propel local tech ventures into new African markets. COSSA offers […]

Today marks a significant milestone in EU-Kenya relations as the Economic Partnership Agreement (EPA) between the European Union and Kenya officially enters into force. Signed in December 2023, this agreement aims to strengthen bilateral trade, boost investment, and foster sustainable economic development. Kenya, recognized as East Africa’s economic hub, stands to benefit greatly from enhanced […]

Stanlib Kenya Fund and its Real Estate Investment Trust (REIT) operations are entering a critical phase, with the Capital Markets Authority (CMA) granting stakeholders a 45-day window to address any unresolved issues. This follows Stanlib Kenya’s formal notification to the CMA of its intention to cease licensed activities, a move the Authority has accepted, paving […]

Recent unrest in Kenya, triggered by protests and political instability, has prompted several global firms to reassess their investment plans in the country. Despite President Ruto’s announcement to withdraw the Finance Bill 2024, concerns persist among foreign investors regarding ongoing uncertainties. The decision by some firms to delay further investments is influenced by various factors, […]