RareX Limited has successfully secured a substantial $50 million funding facility from international investment firm GEM Global Yield, contingent upon the successful acquisition of the strategically significant Mrima Hill critical minerals project in Kenya. This conditional financing arrangement represents a pivotal step in RareX’s ambitious expansion into East Africa’s burgeoning critical minerals sector, positioning the […]

SunCulture has secured a pivotal $5 million investment from WaterEquity, marking a watershed moment for both companies as they work to revolutionize agricultural productivity across rural Africa. This funding represents the first investment from WaterEquity’s Water & Climate Resilience Fund, a groundbreaking initiative that has attracted over $100 million from global corporate giants including Microsoft, […]

In a significant boost to Africa’s electric mobility transformation, French sustainable investment firm Mirova has committed $10 million in senior debt financing to ARC Ride, Kenya’s pioneering electric mobility company that operates the continent’s first and largest automated battery swapping network. This landmark investment represents the Mirova Gigaton Fund’s first foray into electric vehicles in […]

United Bank for Africa (UBA) Kenya has signed a transformative Memorandum of Understanding with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) under the Investing in Young Businesses in Africa – Supporting Entrepreneurial Ecosystem Development (IYBA-SEED) programme, marking a significant milestone in Kenya’s drive toward inclusive SME financing and sustainable economic transformation. The partnership represents a […]

The revival of Rai Pan Paper, formerly the iconic Pan African Paper Mills, has entered a critical phase as management intensifies stakeholder engagement to address community concerns and demonstrate renewed commitment to restoring Webuye as a thriving industrial center in western Kenya. The ambitious revival effort represents more than just a business turnaround—it symbolizes hope […]

Kenya has taken a decisive step toward becoming Africa’s premier industrial powerhouse with the launch of an ambitious $800 million financing framework designed to operationalize the Vipingo Special Economic Zone (SEZ) in Kilifi County, marking a transformative moment for the country’s manufacturing and export capabilities. The groundbreaking partnership between East Africa’s largest commercial bank, KCB […]

Kenya is set to receive a transformative $1.65 million investment from the Coca-Cola system to restore critical watersheds and enhance water security across the nation. The announcement comes as Kenya grapples with what experts describe as the worst drought in 40 years, affecting millions of people and exacerbating a water crisis that has persisted for […]

Electric bus manufacturer BasiGo has signed a groundbreaking deal with Kenya Vehicle Manufacturers (KVM) in Thika to begin local assembly of King Long electric buses, marking a pivotal moment in Kenya’s transition to sustainable public transport. The partnership represents far more than a manufacturing agreement – it signals Kenya’s emergence as a regional leader in […]

The Kenya National Chamber of Commerce and Industry (KNCCI) has signed a landmark Memorandum of Understanding (MoU) with the South Carolina African American Chamber of Commerce (SCAACC), establishing a strategic partnership to expand trade, investment, and economic cooperation between Kenya and the United States. This groundbreaking agreement represents a significant milestone in Kenya-US business relations […]

African farmers and agribusiness entrepreneurs are poised to benefit from a transformative $250 million (Sh37 billion) investment initiative that promises to reshape the continent’s agricultural value chains. The Global Supply Chain Support Fund, backed by German development lender KfW and Japan’s JICA, is targeting strategic investments across three key regions: East Africa, West Africa, and […]