NCBA Group has announced a strategic partnership with Proparco, a leading French firm, to bolster Kenya’s small and medium enterprises (SMEs) with a substantial Sh6.75 billion funding injection. The collaboration, solidified with a handshake between NCBA Group MD John Gachora and Proparco’s Regional Head for East Africa, Audrey Maignan, signals a concerted effort to uplift […]

AgDevCo, a specialized investor in African agriculture, has made a strategic equity investment in Agris, a division of Maris Ltd, to enhance fresh-food production and distribution in East Africa. This investment, securing a minority stake in Agris, reflects AgDevCo’s confidence in the company’s potential to drive a positive impact in the region’s agricultural sector. The […]

XENO Investment Management Limited, a Ugandan unit trust scheme, has set its sights on the Kenyan market, marking its strategic expansion beyond its home territory. The company, founded in 2017, has recently obtained regulatory approval to commence operations in Kenya. In their 2023 annual report, XENO’s chairman, Aeko Ongodia, expressed confidence in the firm’s future […]

The United Kingdom has pledged £6.6 million (Sh1.1 billion) to support 50 green investment projects in Kenya. These projects will span across 10 counties: Embu, Kirinyaga, Kisumu, Laikipia, Nairobi, Makueni, Nandi, Taita-Taveta, Vihiga, and Wajir. Guided by the County Green Finance Assessment, this funding aims to address environmental challenges while stimulating economic growth and job […]

President William Ruto lauded Kenya’s Special Economic Zones (SEZs) for attracting a diverse array of investors, signaling robust confidence in the nation’s economic policies. Speaking at the launch of Jumbo Africa Auto Auction SEZ Limited in Naivasha, President Ruto emphasized the company’s significance as the first Japanese car auction enterprise in Africa. Jumbo Africa’s entry […]

Upperhill, Nairobi’s prestigious district, has witnessed a remarkable surge in land values, with an acre now commanding an average price exceeding KSh 480 million. This surge reflects a broader trend observed across Nairobi’s prime suburbs, where land values have seen substantial growth over the past decade. According to recent data from Hass Consult, land values […]

Kenyan InsurTech firm mTek has recently secured a substantial investment of $1.25 million, marking a significant milestone in its journey to reshape the insurance landscape across Africa. Led by Verod-Kepple Africa Ventures and Founders Factory Africa, this funding injection underscores investor confidence in mTek’s disruptive potential and strategic vision for growth. Since its inception in […]

The latest Hass Land Price Index report unveils a compelling trend: land values in Nairobi’s satellite towns have skyrocketed over the past decade, presenting investors with lucrative opportunities for growth. Since December 2007, land values in satellite towns surrounding Nairobi have increased by an impressive 11.79-fold, significantly outperforming the growth observed in the city’s central […]

Kenya is poised to make history in Africa’s financial landscape by issuing the continent’s inaugural Sustainability-Linked Bond (SLB), with the backing of the World Bank. This groundbreaking $500 million bond is designed to integrate financial objectives with environmental and social responsibilities, marking a significant shift in sustainable financing strategies. Isfandyar Zaman Khan, the lead financial […]

The Kenyan poultry industry is facing a critical juncture as stakeholders, especially small-scale farmers, voice their opposition to an upcoming trade agreement between Kenya and the United States. This deal, if ratified, would allow the importation of finished poultry products from the US, posing a significant threat to local producers. Lydia Wanjiku, a committed poultry […]