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Hewani Energy has unveiled plans to inject USD 250 million (approximately Ksh 33 billion) into the Meru Wind-Solar Energy Project in Kandebene Sub-Location, Tigania West Constituency. Slated for completion within three years, the hybrid facility will generate 220 megawatts of clean electricity—enough to power more than 400,000 homes—and marks one of Kenya’s largest rural renewables […]

Kenya has taken a bold and strategic step toward completing its Standard Gauge Railway (SGR) network to the Ugandan border town of Malaba — a move that could redefine the country’s economic geography and shift the narrative on infrastructure financing in East Africa. Following President William Ruto’s recent visit to Beijing and high-level talks with […]

In a bold move to reshape its financial landscape and solidify its leadership in Africa’s digital economy, Kenya is gearing up to tokenize real-world assets (RWAs) through a new, homegrown digital exchange platform. Canadian blockchain innovation firm DeFi Technologies Inc. has officially partnered with the Nairobi Securities Exchange (NSE) to develop the Kenya Digital Exchange […]

Kenya has taken a major diplomatic and developmental leap forward following the signing of 24 Memoranda of Understanding (MoUs) with China during President William Ruto’s high-profile state visit to Beijing. The signing ceremony, which took place at The Great Hall of the People, was overseen by Chinese President Xi Jinping and President Ruto, and marks […]

In a bold move to sustain its infrastructure ambitions while grappling with ballooning national debt, Kenya is exploring the issuance of sovereign bonds in Hong Kong. The strategic pivot reflects a growing urgency to diversify financing models, especially as the country faces tighter constraints from traditional lending sources due to its rising debt-to-GDP ratio. Foreign […]

In a landmark outcome of President William Ruto’s state visit to Beijing on April 23, 2025, Kenya secured investment commitments totaling Ksh.126 billion (approximately USD 920 million) from seven leading Chinese companies. The deals, signed during the Kenya–China Investor Roundtable, align closely with the government’s Bottom-Up Economic Transformation Agenda (BETA), targeting transformative projects in manufacturing, […]

Umba, a Nairobi‑headquartered digital bank operating in Kenya and Nigeria, has successfully closed a $5 million debt financing round to accelerate the expansion of its lending portfolio, advance its proprietary credit‑scoring technology, and fuel entry into new East and West African markets within the next 12 months Tech In AfricaFintech News Africa. Led by Star […]

After the dramatic collapse of CBEX—a trading platform that left thousands of Kenyans unable to withdraw their funds—the Capital Markets Authority (CMA) has stepped in to remind investors of the only online forex brokers, market‑making dealers, and portfolio managers legally licensed to operate in Kenya. This comprehensive guide explores the CBEX fallout, profiles the various […]

In a move that underscores the evolving dynamics of Africa’s banking sector, KCB Group PLC has secured critical regulatory approvals from both the Central Bank of Kenya (CBK) and the National Treasury. This pivotal clearance paves the way for the sale of National Bank of Kenya Limited (NBK) to Nigeria’s Access Bank PLC—a deal that […]

In a strategic move aimed at reducing its mounting debt and streamlining its operations, West Africa-focused oil and gas explorer Tullow Oil has announced plans to sell its Kenyan assets to Gulf Energy Ltd for at least $120 million. The transaction is structured to include three separate payments of $40 million each, with Tullow maintaining […]