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The ongoing strike by Kenyan airport workers at Jomo Kenyatta International Airport (JKIA) has brought a critical spotlight on the controversial takeover bid by India’s Adani Group. This industrial action has led to major disruptions, grounding flights, leaving passengers stranded, and triggering widespread chaos at one of Africa’s busiest air travel hubs. The planned buyout, […]

African Originals, the innovative company behind popular craft beverage brands like Kenyan Originals and 5.8, has successfully raised $2 million in a pre-seed funding round led by Phoenix Beverages Limited. This crucial investment signals a significant step forward for African Originals, a company known for its commitment to showcasing authentic Kenyan flavors and promoting sustainability. […]

Overview and Background Gautam Adani, one of Asia’s wealthiest individuals and the chairman of Adani Group, had ambitious plans to invest $1.85 billion into Nairobi’s Jomo Kenyatta International Airport (JKIA), Kenya’s largest and busiest airport. The proposal, which involved the transfer of airport management to Adani Group under a 30-year lease, has been met with […]

The interest rates on Treasury bills in Kenya have continued to decline for six consecutive weeks, reflecting a significant improvement in the country’s macroeconomic environment. This sustained decline comes as the Central Bank of Kenya (CBK) navigates through a challenging economic landscape, marked by previous inflationary pressures and currency volatility. Overview of Treasury Bill Rates […]

Nairobi, Kenya, is set to become the epicenter of Africa’s fintech revolution as it hosts the 12th edition of the Africa Fintech Summit (AFTS) from September 4-6, 2024. This highly anticipated event, held at the J.W. Marriott, will bring together over 1,200 stakeholders from across the continent and the globe to engage in growth-enabling conversations, […]

The Central Bank of Kenya (CBK) has announced its intention to raise KSh 30 billion through a bond auction in September 2024. The auction, which is aimed at providing budgetary support, will involve the issuance of two reopened bonds with remaining tenors of 9.5 years and 12 years, respectively. This move is part of the […]

Kenya has formally joined the Asian Infrastructure Investment Bank (AIIB) as a fully paid member, marking a significant step in the country’s economic and infrastructural development. The announcement, made by President William Ruto on September 3, 2024, after a meeting with AIIB President and Board of Directors Chairman Jin Liqun in Beijing, China, opens new […]

Introduction The 2024 Summit of the Forum on China-Africa Cooperation (FOCAC), set to take place in Beijing, presents a unique opportunity for Kenya to bolster its economic ties with China. As the second-largest economy in Africa, Kenya has positioned itself as a key player in the region’s economic landscape. This year’s summit comes at a […]

Kenyan e-commerce startup Chpter has secured $1.2 million in a pre-seed funding round, marking a significant milestone for the young company. This funding will enable Chpter to enhance its technology stack and support its expansion into new markets, including Egypt and Nigeria. The company’s innovative approach to integrating social media with e-commerce has garnered attention […]

Kenya, alongside Nigeria, South Africa, and Tunisia, remains a focal point for investment in Africa, as revealed in the 2024 Deloitte Africa Private Equity Confidence Survey (PECS) report. Despite global and regional economic uncertainties, Kenya has demonstrated a resilient and favorable business environment, attracting continued interest from investors across various sectors. The report underscores Kenya’s […]