In a landmark development, Kenya has secured a significant investment totaling $3.6 billion for the ambitious Usahihi Expressway project. The announcement follows President William Ruto’s recent visit to the White House, where plans for the transformative infrastructure initiative were unveiled. The Usahihi Expressway, spanning an impressive 440 kilometers, will connect Nairobi and Mombasa, Kenya’s largest […]

President William Ruto has announced Kenya’s pledge to inject $100 million (equivalent to KSh 13.2 billion) into key African financial institutions over the next three years. This commitment aims to bolster Kenya’s stake in the African Development Bank (AfDB), Afrexim Bank, and the Trade and Development Bank (TDB), signaling the nation’s dedication to regional development. […]

Connecticut-based Banyan Investment Banking & Hedge Fund has set its sights on Africa with the establishment of its regional headquarters in Nairobi, Kenya. This move comes as part of the company’s strategic expansion into the continent’s burgeoning digital financial market, following its successful operations in Cape Town. Dr. Thana Balan, a key figure within Banyan, […]

Kenya, in collaboration with Microsoft Corporation and G42, is unveiling a landmark $1 billion digital investment plan aimed at propelling the nation into the forefront of the digital age. The initiative, formalized through a signed letter of intent, signifies a pivotal moment in Kenya’s digital transformation journey. At the heart of this initiative lies the […]

Kenya is strategically positioning itself as an attractive investment destination ahead of the inaugural Korea-Africa Summit scheduled from June 4th to 5th, 2024. With President William Ruto set to attend, the summit aims to enhance economic cooperation between Korea and Africa, especially with the full implementation of the African Continental Free Trade Area (AfCFTA) agreement. […]

Kenyan President William Ruto’s recent visit to the United States has solidified the longstanding partnership between the two nations, marked by a series of significant investment agreements. These agreements, totaling billions of shillings, encompass key sectors such as green energy, security, education, and governance, reflecting a shared commitment to mutual prosperity and stability. During the […]

President William Ruto of Kenya recently visited the United States, where he underscored the significance of American investment in the digital space for Africa’s transformation. Speaking at a technology roundtable in Washington, D.C, President Ruto praised the United States for its commitment to bolstering the digital sector, citing it as a pivotal partnership anchored on […]

Global beverage titan, Coca-Cola, has unveiled plans to inject Sh23 billion ($175 million) into Kenya over the next five years, signaling a significant boost to the nation’s economic landscape. This strategic move, announced during a high-profile meeting between Kenyan President Dr. William Ruto and Coca-Cola executives at the company’s Atlanta headquarters, underscores Coca-Cola’s enduring commitment […]

Kenya and the United States have recently concluded the fifth round of negotiations within the United States – Kenya Strategic Trade and Investment Partnership (STIP). This marks a significant stride in their bilateral economic relations, with both parties reiterating their determination to finalize a comprehensive agreement by the end of the year. During these discussions, […]

Spiro, an Indian electric vehicle company, has joined forces with Afreximbank, securing a $50 million debt financing agreement aimed at expanding its market presence in Africa. This collaboration marks a strategic move for Spiro as it seeks to consolidate its position in six African nations while venturing into new territories. The company’s focus on electric […]