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In a significant development concerning Kenya’s infrastructure and investment policies, the National Assembly’s Public Investments Committee on Commercial Affairs & Energy has ordered the Kenya Airports Authority (KAA) to suspend all dealings with India’s Adani Group. This comes amid growing concerns about the transparency of the $1.84 billion deal involving the proposed management and expansion […]

In a significant move to bolster Kenya’s economic landscape, the Nairobi Securities Exchange (NSE) has announced a strategic partnership with MOBILIST, a UK government-backed program aimed at enhancing investment opportunities within the Kenyan market. The collaboration was inaugurated at a high-profile event in Nairobi, attended by His Majesty’s Trade Commissioner for Africa, John Humphrey. This […]

Introduction to Safaricom’s Health Initiative Safaricom, Kenya’s largest telecommunications company, has announced an unprecedented investment of Sh104.8 billion aimed at digitizing the healthcare system. This landmark initiative will be rolled out over the next decade, with the goal of transforming the country’s health sector through innovative technology. The project is in line with the Ministry […]

Acorn Holdings, a prominent real estate developer in Kenya, has announced plans to delist its KSh5.7 billion green bond from the Nairobi Securities Exchange (NSE). Listed under the Fixed Income Securities Market Segment, the company issued the bond in 2019 as the first green housing bond on the African continent. Now, in an early redemption […]

Kenya and India are currently negotiating a Sh32.2 billion (USD 250 million) loan facility aimed at boosting trade between the two countries and fostering economic growth in Kenya, particularly in the agriculture sector. Investment, Trade, and Industry Cabinet Secretary (CS) Salim Mvurya made the announcement during a press briefing on September 19, 2024, where he […]

In a significant move within the African fintech landscape, Nigerian-based investment platform Risevest has officially completed the acquisition of Kenya’s mobile investment platform Hisa. This acquisition is poised to reshape the investment landscape in both Kenya and Nigeria, particularly in terms of providing seamless access to U.S. stock markets and Exchange Traded Funds (ETFs) for […]

Privamnuts, a leading processor and exporter of macadamia nuts from Kenya to Europe, the USA, and the Far East, has secured a significant investment of Sh387 million (USD 3 million). The funding comes from the ESG First Fund, managed by Aavishkaar Capital in partnership with KfW, a German state-owned investment and development bank. The investment […]

Kenya’s economic relationship with China continues to expand, with this year’s AFRIPEAK Expo marking a significant milestone in fostering industrial cooperation between the two nations. Kenya’s presence at the expo, which will take place in Nairobi, has grown from 20 participants in 2023 to 30 in 2024. The event is seen as a major platform […]

Top-tier savings and cooperative societies (Saccos) may not withstand economic shocks in the short-term. A recent report by the Sacco Societies Regulatory Authority (Sasra) highlights financial health trends in several of Kenya’s top-tier savings and cooperative societies. The report, which was released after an analysis of the 2023 financial year, shows that at least five […]

Nigerian fintech company Risevest has made a significant move by acquiring Kenyan investment startup Hisa, marking its formal entry into the East African market. This strategic acquisition enables Risevest to expand its operations without needing to secure new licenses in Kenya, thanks to Hisa’s existing regulatory approvals. As a result, Risevest can leverage Hisa’s local […]