HewaTele Limited, a Kenyan medical oxygen producer, has secured US$10.5 million from AfricInvest’s Transform Health Fund to build a large-scale plant capable of producing oxygen at 99.6% purity. The investment represents a critical step toward addressing East Africa’s medical oxygen crisis, which has contributed to preventable deaths across the region for decades. Founded in 2014 […]

Executive Summary Kenya has opened a US$390 million tender for tech firms to build high-speed internet for over 1,000 rural schools, clinics, and offices. Funded by the World Bank, the project ensures a transparent bidding process and reliable payments for the selected contractors. Bids are due by October 1, 2025, with the project’s construction phase […]

Executive Summary Leading global investment firm 500 Global has joined forces with the United Nations Development Programme to establish a comprehensive three-pronged entrepreneurship initiative in Nairobi, marking a significant expansion of support for Africa’s startup landscape. The partnership introduces a structured approach to startup development through three distinct programs, each targeting entrepreneurs at different stages […]

The Central Bank of Kenya (CBK) has announced a KSh 50 billion tap sale of two infrastructure bonds after last week’s record oversubscription showed strong investor appetite for tax-free government securities. The sale, running from August 19 to August 21, 2025, will reopen the fifteen-year IFB1/2018/015 and nineteen-year IFB1/2022/019, which had attracted bids worth KSh […]

Knight Frank Kenya, a leading property consultancy, has released its highly anticipated Kenya Market Update for H1 2025, painting a picture of remarkable resilience and growth across the country’s real estate landscape. The comprehensive analysis reveals a sector that has not only weathered recent economic challenges but emerged stronger, with a robust 5.6% growth rate […]

The Nairobi Securities Exchange (NSE) has concluded a week of extraordinary gains, with market capitalization soaring past the KSh 2.6 trillion mark for the first time since February 2022. This rally, fueled by a potent combination of strong corporate performance, robust dividend announcements, and a resurgence of foreign investor confidence, has seen key indices hit […]

In a move set to rekindle Kenya’s position as a major player in the global mineral market, Sofax Fluorspar Kenya has today signed a landmark Memorandum of Understanding (MoU) with the Chinese firm, Mizztech Group, to refurbish its processing plant in the mineral-rich Kerio Valley. This agreement signals a significant milestone, marking a crucial step […]

KCB Group, one of East Africa’s largest and most influential financial services institutions, has posted robust financial results for the first half of 2025. The group announced a profit after tax of KSh 32.33 billion, an impressive 8.05% increase from the KSh 29.92 billion reported in the same period last year. This strong performance, underpinned […]

In a move set to invigorate the country’s youth entrepreneurship landscape, President William Ruto has announced the government’s plan to establish a Youth Enterprise Investment Bank. This new financial institution, to be capitalized at an impressive Ksh9.75 billion, is poised to become a cornerstone of the administration’s strategy to address the pervasive issues of youth […]

The East African nation of Kenya has embarked on a new, multi-pronged strategy to finance its critical infrastructure projects, a move that comes after a high-profile cancellation of a deal with India’s Adani Group. In a significant shift from the previous plan, which involved a private concession, Kenya is now turning to international development lenders […]