In a significant boost to female entrepreneurship and sustainability efforts in Kenya, Standard Chartered Kenya, in collaboration with @iBizAfrica-Strathmore University, has awarded KES 8.75 million to seven women-led startups operating in the sustainability sector. This initiative is part of the seventh cohort of the highly successful Women in Tech Incubation Program, which focuses on empowering […]
Introduction and Context Kenya’s Trade Cabinet Secretary (CS) Salim Mvurya announced plans to strengthen trade ties between Kenya and Qatar by appointing a Qatari representative to manage a Qatar Investor Desk within Kenya’s Ministry of Trade. The move, revealed during a trade summit in Doha, Qatar’s capital, is a significant step toward fostering trust, safety, […]
Market analysts predict that the Central Bank of Kenya (CBK) will reduce its benchmark interest rate by 0.5 percent during today’s Monetary Policy Committee (MPC) meeting, potentially bringing the rate down to 12.25 percent. Such a move would be aimed at boosting economic growth by easing borrowing conditions for businesses and individuals. This rate reduction […]
Kenya has experienced a significant boost in foreign portfolio investments over the past year, reflecting improved investor sentiment and growing confidence in the country’s economic prospects. According to the latest data from the Central Bank of Kenya (CBK), foreign investments in portfolio assets such as stocks, bonds, and other financial instruments have more than doubled […]
Britam Asset Managers, one of Kenya’s leading investment management firms, has launched a USD Fixed Income Fund aimed at providing both local and international investors with a secure and competitive investment option amidst increasing economic volatility. The new fund, which offers a diversified portfolio of fixed-income securities, is designed to deliver attractive returns while safeguarding […]
Kenya’s capital, Nairobi, is on the brink of a significant transportation overhaul as the World Bank is set to inject billions into the development of a new 58-kilometer commuter rail system. This ambitious project is part of the wider Kenya Urban Mobility Improvement Project (KUMIP), which aims to streamline the city’s transport services, reduce road […]
Ndovu Wealth Limited, a leading fintech company in Kenya, has made significant strides in democratizing financial investment opportunities with the launch of its Money Market Fund (MMF), known as the Ndovu Fund. Announced on October 1, 2024, the new fund aims to provide Kenyans with a low-risk, diversified, and affordable investment platform. The launch is […]
On September 30, 2024, the African Development Bank (AfDB) made a significant move in the infrastructure financing landscape by acquiring a $10 million equity stake in Kenya’s Dhamana Guarantee Company. This strategic investment follows an anchor investment by the UK-Government-backed Private Infrastructure Development Group (PIDG) through its subsidiary, InfraCo Africa. The signing ceremony took place […]
Safaricom, Kenya’s largest telecommunications network provider, has expressed openness to a potential partnership with Elon Musk’s satellite internet provider, Starlink. This development signals a significant shift in the dynamics of Kenya’s telecommunication and internet service sectors, which have been dominated by Safaricom for decades. Speaking to Bloomberg, Safaricom CEO Peter Ndegwa explained that partnering with […]
Kakuzi PLC, one of Kenya’s largest agribusiness firms, has announced a significant Sh100 million ($700,000) investment plan for 2025 as part of its efforts to diversify its agricultural portfolio and expand into new markets. This development underscores the company’s long-term strategy of focusing on sustainability and enhancing shareholder value through innovative agricultural ventures. The announcement […]
Aquaculture, the fastest-growing segment of the global food system, now produces more than half of the world's fish. In Kenya,...
The Gulf Cooperation Council (GCC) has experienced significant growth in its debt capital markets, with a year-on-year increase of 11%...
The Nigeria Labour Congress (NLC) has strongly criticized the National Assembly over its exclusion of workers and trade unions in...
HF Group Plc, a leading financial solutions provider in Kenya, has achieved a remarkable milestone with the successful completion of...