In a landmark move poised to redefine the economic landscape of Kajiado County, the county government has officially launched the Kajiado County Investment Authority Strategic Plan (2024-2029). This comprehensive blueprint is expected to play a pivotal role in guiding investment and development across multiple key sectors within the county over the next five years. The […]

In an era where globalization and international trade are more critical than ever, Africa is taking significant steps to strengthen its position in the global economy. Kenya’s Prime Cabinet Secretary and Foreign Affairs CS, Musalia Mudavadi, has emphasized the importance of developing robust regional and international trade strategies. Speaking at the Tokyo Investment Conference for […]

In a landmark investment that reaffirms Tatu City’s status as Kenya’s premier hub for foreign direct investment and industrial growth, Kim-Fay, a leading East African manufacturer and distributor of hygiene, tissue, and home care products, has secured funding from the Norwegian Investment Fund for Developing Countries (Norfund) and I&M Bank. This financing will support the […]

In a move set to bolster economic ties and enhance trade relations between Kenya and the European Union (EU), the EU has committed Ksh3.6 billion (€25 million) to finance business development in Kenya. This significant investment is part of the broader Economic Partnership Agreement (EPA) between Kenya and the EU, designed to create new opportunities […]

Kenya Electricity Generating Company (KenGen), the state-owned utility, has announced a significant investment in the construction of the Olkaria VII geothermal power plant, a project that underscores Kenya’s commitment to renewable energy. With an estimated cost of Ksh 32 billion (approximately USD 248 million), the Olkaria VII plant will add 80.3 megawatts (MW) of clean, […]

Kenya Airways, the national carrier of Kenya, has reported a net profit of KSh 513 million for the first half of 2024, marking its first profitable period in over a decade. This turnaround comes after a prolonged period of financial difficulties, with the airline last recording a profit of KSh 384 million in 2013. The […]

Jubilee Insurance, a leading player in the East African insurance market, has launched an ambitious campaign dubbed “There’s living, and there is living free,” aiming to close the gap between complex insurance concepts and the everyday needs of customers across Kenya and the broader East African community. The initiative is set to run throughout the […]

In a strategic move poised to address Kenya’s pressing housing deficit, Shelter Afrique Development Bank (ShafDB), a leading Pan-African institution focused on financing housing, urban, and related infrastructure development, has signed a Memorandum of Understanding (MOU) with CPF Group. This agreement, which represents a significant milestone in the ongoing efforts to provide affordable housing across […]

The Kenya Development Corporation (KDC) has taken a significant step towards empowering Small and Medium Enterprises (SMEs) across the country by launching a Sh2 billion credit support program. This initiative, in partnership with India’s Export-Import (Exim) Bank, is designed to provide favorable financial terms to Kenyan businesses for acquiring technology, machinery, and equipment from India. […]

HF Group Plc, a prominent financial services company in Kenya, has announced a rights issue offering up to 1,499,995,255 new ordinary shares to its existing investors at KSh 5 per share. The rights issue, which includes a 30% greenshoe option, represents a significant opportunity for shareholders and marks a strategic move by the company to […]