In a significant advancement for Kenya’s financial services sector, I&M Bank has launched FX Direct, an innovative digital platform that enables business, corporate, and institutional clients to execute foreign exchange transactions in real time. The announcement, made on November 12, 2025, during a media briefing in Nairobi, marks a pivotal shift in how the bank’s […]

Nairobi – Kenya is embarking on an ambitious energy transformation agenda that seeks to more than triple the nation’s electricity generation capacity from the current 3,192 megawatts to 10,000 megawatts by 2032, leveraging strategic public-private partnerships (PPPs) with Gulf investors and other international players. This bold initiative, unveiled by President William Ruto following high-level discussions […]

Naivas Supermarket has marked a historic milestone in Kenyan retail with the appointment of Andreas von Paleske as its Chief Executive Officer, making him the first non-family member to lead the company in its 35-year history. The leadership transition, which took effect on November 1, 2025, coincided with the release of impressive financial results showing […]

Africa-focused venture capital firm Novastar Ventures has secured a transformative $40 million equity commitment from the Green Climate Fund (GCF) for its new Africa People & Planet Fund III, which is targeting a total size of $200 million. The investment represents a significant milestone in efforts to bridge Africa’s massive climate finance gap and demonstrates […]

Safaricom, Kenya’s telecommunications giant and East Africa’s most valuable publicly listed company, has announced a remarkable 55% increase in its half-year profit, signaling a strong rebound in its core business and notable progress in its strategic expansion into Ethiopia. The company posted a group operating profit of 65.2 billion Kenyan shillings ($505.62 million) for the […]

President William Ruto has made a candid admission that Kenya’s electricity supply is insufficient to meet current demand, forcing the implementation of daily load-shedding between 5 pm and 10 pm to keep the national grid stable. The revelation, made during a meeting with Kenyans living in Doha, Qatar, marks the first public confirmation of deliberate […]

Kenya and Qatar have embarked on a transformative economic partnership following high-level bilateral talks between President William Ruto and His Highness Sheikh Tamim bin Hamad Al Thani, the Emir of Qatar, in Doha on Tuesday, November 4, 2025. The landmark meeting, held on the sidelines of the Second World Summit for Social Development, has resulted […]

President William Ruto concluded a vigorous three-day development tour of Western Kenya, unveiling a comprehensive package of projects worth KSh 21 billion across Kakamega and Vihiga counties. The pledge comes amid a renewed focus on regional equity and national unity in the midst of Kenya’s evolving political landscape. A region historically sidelined Western Kenya has […]

KCB Group, one of East Africa’s most formidable banking institutions, has executed another decisive move in its transformation from a traditional lender into a comprehensive financial technology powerhouse. In a public announcement dated October 31, 2025, the lender confirmed it has “entered into an agreement to acquire a minority stake in Pesapal Limited,” marking the […]

The dynamics of equity trading at the Nairobi Securities Exchange (NSE) are undergoing a significant transformation. Foreign investor activity has dropped to its lowest level in fifteen years, signalling not just a cyclical retreat but possibly a structural shift in how Kenya’s capital markets operate. According to data from the Capital Markets Authority (Kenya) (CMA), […]