In a groundbreaking development, two Kenyan startups, Zuri Health and izola, have been handpicked to participate in Google for Startups Growth Academy’s prestigious AI for Health program. This initiative aims to revolutionize patient care and enhance support for families with neurodivergent children through innovative AI-integrated solutions. Zuri Health, renowned for its all-inclusive digital toolkit transforming […]

In a significant development aimed at boosting sustainable development efforts, the Kenyan government has unveiled a proposal that could see it taking a 25 percent share of the revenue generated by private companies from the sale of carbon emission reduction credits (CERs). The proposal, encapsulated in the draft Climate Change (Carbon Markets) Regulations 2023, awaits […]

In a significant financial development, the return on fixed deposits has surged ahead of inflation for the first time in 15 months, signaling a competitive battle among lenders for long-term funds. Data recently released by the Central Bank of Kenya (CBK) reveals that banks offered customers an average interest rate of 8.1 percent for long-term […]

In a strategic move aimed at avoiding long-term commitments to high interest rates, the National Treasury of Kenya has turned to multiple reopenings of four short-term bonds, raising an impressive Sh222 billion since May. These bonds, boasting maturities ranging from two to five years, have seen interest rates soar to nearly 18 percent, a remarkable […]

The Capital Markets Authority (CMA) of Kenya has granted its approval for the issuance of the country’s inaugural Sukuk Bond, paving the way for Linzi Finco Trust to embark on a groundbreaking venture. The Sukuk Bond is aimed at raising KSh. 3 billion in capital, and the generated funds will be earmarked for the construction […]

In a recent development in the investment landscape, investors have overwhelmingly chosen money market funds as their preferred investment vehicle, allocating a staggering 74.7 percent of their funds to this asset class. This trend has placed money market funds firmly ahead of other investment options, such as equity funds that focus on listed stocks. The […]

In a remarkable turn of events, retail investors have significantly increased their lending to the government, contributing Sh130.4 billion in the first eight months of this year, reaching a record high of Sh418 billion. This surge in lending comes as retail investors seek higher yields in the face of diminishing returns in other asset classes […]

Flutterwave, the leading fintech giant in Africa, has unveiled ambitious plans to inject $50 million into Kenya, subject to regulatory clearance from the Central Bank of Kenya (CBK). This substantial investment will be primarily allocated to expanding Flutterwave’s workforce and bolstering its infrastructure within Kenya’s borders. As of now, Flutterwave already boasts a team of […]

In a significant development for Kenya’s investment landscape, the share of the government’s domestic debt held in the form of Treasury bills has reached a new low of 11.8 percent, down from 15.01 percent in January. This shift signifies an increased focus on repaying short-term securities as part of efforts to extend the maturity profile […]

In a groundbreaking move towards modernizing Kenya’s financial landscape, President William Ruto officially inaugurated the Central Securities Depository Dhow (DhowCSD) on Monday. This innovative platform, encompassing a web interface and a mobile application, promises to revolutionize investment opportunities for retail investors, not only in Kenya but also globally. The CBK DhowCSD app will be compatible […]