Spiro, an Indian electric vehicle company, has joined forces with Afreximbank, securing a $50 million debt financing agreement aimed at expanding its market presence in Africa. This collaboration marks a strategic move for Spiro as it seeks to consolidate its position in six African nations while venturing into new territories. The company’s focus on electric […]

Kenya’s President William Ruto is slated to make history with an upcoming state visit to the United States, marking a significant milestone in bilateral relations. Invited by U.S. President Joe Biden, this honor places Kenya in the spotlight as a key partner on the global stage. U.S. Ambassador to Kenya, Meg Whitman, hailed the invitation […]

During her visit to Nairobi, U.S. Secretary of Commerce Gina Raimondo underscored Kenya’s pivotal role in Africa’s digital landscape. Alongside the President’s Advisory Council on Doing Business in Africa, Raimondo unveiled strategic collaborations and commercial agreements aimed at harnessing Kenya’s digital prowess. Highlighting Kenya’s status as a digital hub, Raimondo applauded President William Ruto’s efforts […]

Kenya is gearing up for President William Ruto’s forthcoming state visit to the United States with an ambitious goal: securing investment deals totaling Sh32.56 trillion ($250 billion). Investment, Trade, and Ministry Cabinet Secretary, Rebecca Miano, unveiled the strategic plan, emphasizing the importance of this opportunity to bolster economic ties and attract foreign investments. During the […]

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 […]