The Standard Gauge Railway (SGR), Kenya’s flagship rail infrastructure project, has reported a significant decline in passenger numbers and revenue according to the latest report by the Kenya National Bureau of Statistics (KNBS). The Leading Economic Indicators report, released on November 15, 2024, highlighted that passenger volumes on the SGR fell by 105,782 in September, […]

The Capital Markets Authority (CMA) of Kenya has announced the approval of six new investment funds, marking a significant milestone in expanding financial opportunities for investors. This strategic move reflects the CMA’s commitment to diversifying investment options and catering to a range of risk appetites, from conservative to high-risk profiles. The approvals include two high-yield […]

Kenya has marked a significant milestone in its aviation and tourism sectors with the arrival of AirAsia X’s maiden flight from Kuala Lumpur to Nairobi. This historic flight, landing at Jomo Kenyatta International Airport (JKIA), establishes the first direct connection between Malaysia and Kenya, enhancing Kenya’s position as a gateway to Africa for travelers from […]

Safaricom, Kenya’s largest telecommunications provider, has expressed openness to collaborations with satellite internet companies such as Elon Musk’s Starlink, signaling a shift in the dynamics of Kenya’s internet service landscape. While Safaricom remains steadfast in its belief that its fixed internet infrastructure remains unrivaled, it acknowledges the role of satellite internet in bridging connectivity gaps, […]

Kenya has garnered substantial international support and funding at the United Nations Climate Change Conference (COP29) in Baku, Azerbaijan, securing more than Sh9 billion to advance its ambitious green energy agenda. The country’s commitments and recent actions in renewable energy have positioned it as a regional leader in sustainable development, with a keen focus on […]

Kenya’s financial landscape is once again under scrutiny as taxpayers are set to pay over KSh 1.7 billion in penalties after the country defaulted on its Standard Gauge Railway (SGR) loan repayment to China’s Exim Bank during the financial year 2023/2024. The SGR project, initially lauded as a transformational infrastructure investment, has increasingly become a […]

Kenya’s Private Sector Alliance (KEPSA), in collaboration with the Sharjah Chamber of Commerce and Industry, launched the UAE–Kenya Trade and Investment Forum today, marking a significant moment in fostering bilateral trade and investment between Kenya and the United Arab Emirates (UAE). The two-day event, taking place in Nairobi, aims to bring Kenyan industry leaders and […]

After a six-year pause, TUI Fly, a Dutch charter airline associated with the German TUI Group—one of the largest tour operators globally—has resumed its weekly flights to Kenya. This resumption of flights to Mombasa’s Moi International Airport is seen as a promising step toward reviving Kenya’s coastal tourism sector, which has faced challenges from the […]

M-Kopa, a leading African fintech platform, recently announced a major milestone in its mission to drive digital connectivity across Africa. Since the launch of its Nairobi-based smartphone assembly facility, East Africa Device Assembly Kenya (EADAK), M-Kopa has successfully assembled over 1.5 million smartphones. This achievement, just over a year since the plant opened in January […]

Kenyan fintech startup Chumz, which provides users with an innovative mobile platform for goal-based saving and investment, is poised for regional expansion as it prepares to launch in Rwanda. This move comes after reaching a significant milestone in its home market, with over 200,000 registered users utilizing the app to set and achieve financial goals […]