In a game-changing move, Finnfund and DFC have pledged a whopping $15 million in financial backing to Kentegra Biotechnology. The aim? Supercharging pyrethrin production expansion in Kenya 🇰🇪. Kentegra Biotechnology Holdings LLC, powered by this substantial investment, is set to process pyrethrum flowers from a staggering 90,000 small-scale Kenyan farmers. The end product? Pyrethrin, a […]

Investor wealth at the Nairobi Securities Exchange (NSE) has been cut in half since its peak valuation of Sh2.9 trillion exactly two years ago, as foreign investors flee the market, sending shockwaves through the financial landscape. Exactly on August 24, 2021, the stock market hit an unprecedented high, soaring to a record valuation of Sh2.94 […]

In a strategic move aimed at bolstering its financial reserves, the Treasury has reentered the market, conducting a tap sale to secure Sh21 billion through its August bond issuance. This initiative follows the initial bond auction that faced challenges when the Central Bank of Kenya (CBK) declined offers amounting to Sh33 billion due to excessive […]

In a recent report, the Kenya Bankers Association (KBA) revealed that improved activity in Kenya’s private sector resulted in remarkable growth within the banking industry, achieving double-digit credit expansion in the previous year. The State of Banking Industry Report 2023 by KBA unveiled that loans and advances surged by 12.5 percent, reaching Sh3.6 trillion in […]

The Kenya Private Sector Alliance (KEPSA) has intensified its call for the establishment of a predictable regulatory framework for carbon trading, asserting that such a framework would foster transparency in the carbon trading sector and contribute to a level playing field that benefits all stakeholders. In a significant move, a delegation from KEPSA presented a […]

Zanifu, a prominent Kenyan fintech specializing in providing inventory financing to micro, small, and medium-sized businesses, has successfully raised $11.2 million in a pre-Series A funding round. The round was led by Beyond Capital Ventures and Variant Investments, with participation from Founders Factory Africa, AAIC Investment, Google Black Founders Fund, and existing investor Launch Africa. […]

The Central Bank of Kenya (CBK) has reported remarkable investor interest in its Weekly Treasury Bills Auction held on Thursday, August 17, 2023. The auction saw bids totaling KSh 44.7 billion, marking an impressive oversubscription rate of 186%. Of particular note was the exceptional attraction of the 91-day Treasury Bills, which garnered bids amounting to […]

As Kenya solidifies its vision to establish itself as East Africa’s petroleum hub, Danish energy solutions leader, Danfoss, is injecting fresh vitality into the nation’s energy landscape. The strategic acquisition of key assets sets the stage for a dynamic transformation, while collaborative partnerships with local enterprises and institutions underline Danfoss’s commitment to shaping Kenya’s sustainable […]

A study conducted by Enwealth Financial Services in collaboration with Strathmore University and released in 2022 has shed light on the saving habits and financial literacy levels of Kenyans. The study indicates that despite a commendable 82% of Kenyans surveyed attempting to save money, only a mere 12% of respondents have successfully established a sustainable […]

The Nairobi Coffee Exchange (NCE) is gearing up to reopen its trading operations after a prolonged halt that began on July 6. The suspension, attributed to the government’s decision to overhaul coffee brokerage and licenses, has stirred confusion within the industry, impacting trade dynamics. Key industry players have pointed to the government’s reforms as the […]