The Kenyan government has unveiled ambitious plans to enhance technological innovation and economic development in Konza Technopolis City as part of its 2023-2027 Medium Term Plan IV. Alfonso Munyali, Secretary of Devolution Affairs and Intergovernmental Relations, emphasized the government’s intention to utilize both local and international resources to propel Konza into a hub of innovation. […]

4G Capital, a leading fintech firm catering to micro, small, and medium-sized enterprises (MSMEs) across Africa, has successfully initiated a KSh 500 million corporate debt programme. Acting as the Arranger and Placement Agent, Dry Associates Investment Bank facilitated this significant funding round, demonstrating strong investor confidence in 4G Capital’s operational strategy. This capital infusion is […]

In a significant move aimed at optimizing national development objectives, the Cabinet has authorized the divestment of the government’s shares in six key companies listed on the Nairobi Securities Exchange (NSE). These companies, including East African Portland Cement Limited (PORT), Nairobi Securities Exchange (NSE), and Housing Finance Company of Kenya (HFCK), among others, have been […]

The European Investment Bank (EIB) has teamed up with local Kenyan banks to provide vital support to the country’s Micro, Small, and Medium-sized Enterprises (MSMEs) in the aftermath of the COVID-19 pandemic. Kenya’s private sector, particularly MSMEs, has faced significant hurdles in accessing financing, exacerbated by the economic uncertainties brought about by the pandemic. Recognizing […]

The forthcoming Nyanza International Investment Conference is generating anticipation as preparations reach a crescendo. Scheduled for June 28–29, the event aims to spotlight investment prospects across Kisumu, Siaya, Homa Bay, Migori, Kisii, and Nyamira counties, drawing attention from global investors keen on exploring untapped opportunities. Organized by the Nyanza Professionals, the conference seeks to foster […]

Coca-Cola, alongside other multinational corporations, is contesting Kenya’s Finance Bill 2024, primarily objecting to proposed tax amendments affecting plastics and the introduction of an Eco Levy. During discussions with the National Assembly Finance and Planning Committee, Coca-Cola executives raised concerns regarding the potential repercussions of the proposed tax adjustments. They emphasized the destabilizing effect of […]

The Korean Exim Bank has finalized agreements with the Kenyan government, committing over KShs. 30 billion to the development of Konza Technopolis. The investment, announced during the Korea-Africa summit in Seoul, will primarily finance the construction of a Digital Media City within Konza, spanning 160 acres. This initiative aims to bolster Kenya’s digital economy by […]

Standard Chartered Bank has entered the competitive landscape of Kenya’s digital lending sector with the introduction of SC Juza, a mobile app aimed at meeting the increasing demand for short-term, unsecured loans accessible through mobile wallets. With SC Juza, Standard Chartered joins the ranks of leading banks such as KCB, ABSA, Equity Bank, and NCBA, […]

The Special Economic Zones Authority (SEZ Authority) recently hosted its first-ever site visit for potential investors, highlighting the promising investment opportunities within the Naivasha Special Economic Zone (SEZ). The visit provided a comprehensive overview of the zone’s strategic location and attractive incentives for businesses. Among the key highlights of the tour was a visit to […]

ABC Bank has recently announced its collaboration with the European Investment Bank (EIB) through the Greening Financial Systems Technical Assistance Programme (GFS TAP). This initiative aims to fortify the bank’s climate risk management framework, aligning it with global standards, including those set by the Central Bank of Kenya. Under the guidance of experts from EIB […]