In an impressive turn of events, Centum Investment has announced a remarkable profit of KSh556 million for the year ending March 31, 2024. This represents a dramatic turnaround from a loss of KSh61 million in the previous year, showcasing the company’s successful strategic pivot and resilient financial management in a challenging economic landscape. A Triumphant […]

In a significant boost to Kenya’s automotive industry and its green energy initiatives, Chinese electric vehicle (EV) manufacturer Chery is set to invest $20 million in local auto dealer Afrigreen Automobile to establish an EV assembly plant in Nairobi. This strategic move is poised to create around 3,000 direct and indirect jobs, marking a substantial […]

In a bid to quell the swirling rumors and growing public concern, President William Ruto has come forward to categorically dismiss claims that the government intends to sell Jomo Kenyatta International Airport (JKIA) to private investors. Speaking during a national address at State House on July 24, 2024, Ruto clarified that Kenya is looking to […]

A Megaproject with Far-Reaching Implications The proposed $1.85 billion investment by Adani Airport Holdings Limited to expand Jomo Kenyatta International Airport (JKIA) marks a pivotal moment for Kenya’s aviation sector. This ambitious project, envisioned as a 30-year public-private partnership (PPP), promises to transform JKIA into a world-class aviation hub, capable of handling increased passenger traffic […]

Meta Tag: The Central Bank of Kenya’s Hustler Bonds platform offers retail investors access to government securities with an entry point of $5, revolutionizing Kenya’s investment scene. The Central Bank of Kenya (CBK) is making waves with its latest financial innovation, the Hustler Bonds. This new platform is designed to revolutionize the investment scene in […]

Faulu Bank, a prominent player in Kenya’s microfinance sector, is set to revolutionize the investment landscape with its new Money Market Fund (MMF). This ambitious initiative aims to open the doors to high-yield investment opportunities for everyday Kenyans, potentially transforming the way they save and invest. With a striking initial yield of 16.32% per annum […]

The East African Community (EAC) is undergoing a dynamic transformation, with businesses from Uganda, Tanzania, Rwanda, and Somalia making significant strides into the Kenyan market. This trend is reshaping the region’s economic landscape, challenging the long-held dominance of Kenyan companies and ushering in a new era of competition and collaboration. Factors Driving the Regional Business […]

The recent acquisition of a 20% stake in Credit Bank by Shorecap III Limited, a private equity fund from Mauritius, marks a pivotal moment for this Kenyan financial institution. This injection of Sh728 million not only bolsters Credit Bank’s capital base but also invites a deeper look into its ongoing recovery efforts and the challenges […]

Kenya Attracts Significant AI Investment, Highlighting East Africa’s Rise Kenya’s tech sector has reached a significant milestone, attracting Sh1.95 billion (approximately $15 million) in Artificial Intelligence (AI) investments in 2023. This surpasses Nigeria’s investment of Sh 377.9 million ($2.9 million) according to data released by the Global System for Mobile Communications Association (GSMA). This achievement […]

Uncover, a Kenyan-founded skincare firm, has secured Sh180.95 million ($1.4 million) in Seed 2 funding from a group of international investors. EQ2 and IgniteXL Ventures led the funding round, with participation from Chui Ventures, Samata Capital, and Altree Capital. This funding marks a significant milestone for Uncover, allowing the company to accelerate its growth across […]