The Kenyan government has published the Draft Kenya Sovereign Wealth Fund Bill, 2025, a landmark piece of legislation that establishes a comprehensive national fund designed to manage revenues from oil, gas, and mineral resources. Treasury Cabinet Secretary John Mbadi announced that the fund will require an initial capitalization of KSh 200 billion before it can […]

The Central Bank of Kenya (CBK) has launched a strategic KSh 30 billion voluntary buyback programme for investors holding the three-year Treasury bond designated as FXD1/2023/003, marking a significant move in the government’s debt management strategy. This initiative represents one of the most substantial early redemption exercises undertaken by the Kenyan government as it seeks […]

In a significant development for Kenya’s investment landscape, the Two Rivers International Finance and Innovation Center (TRIFIC) has been officially designated as a project of strategic national importance, a classification that promises to dramatically streamline regulatory processes and position the special economic zone as a cornerstone of the country’s economic transformation agenda. The designation, announced […]

Tether, the company behind the world’s largest stablecoin USDT, has made a strategic investment in Kenyan fintech startup Kotani Pay, marking a significant milestone in the evolution of Africa’s digital asset ecosystem. This investment underscores the growing recognition of Africa as an emerging hub for blockchain technology and cryptocurrency adoption, despite the continent representing the […]

Africa’s electric mobility story has long been characterized by unfulfilled promise rather than tangible progress. Infrastructure remains scarce across the continent, power grids are notoriously unreliable, and most markets continue to depend on cheap imported gasoline-powered motorcycles. However, Dubai-headquartered Spiro has spent the past two years systematically working to rewrite that narrative, and its latest […]

In a significant development for East Africa’s telecommunications landscape, Atlas Tower has secured substantial backing from STOA, a French infrastructure investment platform with a strong focus on African markets, to accelerate its aggressive expansion across Kenya. This strategic partnership aims to rapidly scale the company’s tower infrastructure while pioneering the integration of sustainable energy solutions […]

The International Finance Corporation (IFC), the private sector investment arm of the World Bank Group, has committed a comprehensive $62.5 million financing package to support AXIAN Telecom‘s proposed acquisition of Wananchi Group, the East African telecommunications company behind the well-known Zuku brand. The transaction represents a significant consolidation move in East Africa’s competitive broadband and […]

Kenya has taken a decisive step toward cementing its position as Africa’s leading digital finance hub with the passage of the Virtual Asset Service Providers Bill 2025. The landmark legislation, approved by Parliament this week, establishes a comprehensive regulatory framework for cryptocurrencies and digital assets, marking a pivotal moment in the continent’s embrace of blockchain […]

In a move that signals growing international confidence in Africa’s fintech ecosystem, Yango Group, a prominent UAE-based technology company, has announced a strategic investment in Zanifu, a leading Kenyan fintech platform specializing in providing working capital solutions to small and medium-sized enterprises (SMEs) across East Africa. The partnership extends beyond traditional venture funding, with Yango […]

Kenya has achieved a significant milestone in its quest for food sovereignty by successfully harvesting its first maize crop under the revived Galana Kulalu Irrigation Scheme, signaling a potentially transformative phase in the country’s efforts to rebuild domestic food production capacity and dramatically reduce reliance on costly agricultural imports that drain foreign exchange reserves. The […]