Kenya Electricity Generating Company (KenGen), the state-owned utility, has announced a significant investment in the construction of the Olkaria VII geothermal power plant, a project that underscores Kenya’s commitment to renewable energy. With an estimated cost of Ksh 32 billion (approximately USD 248 million), the Olkaria VII plant will add 80.3 megawatts (MW) of clean, […]

Kenya Airways, the national carrier of Kenya, has reported a net profit of KSh 513 million for the first half of 2024, marking its first profitable period in over a decade. This turnaround comes after a prolonged period of financial difficulties, with the airline last recording a profit of KSh 384 million in 2013. The […]

Jubilee Insurance, a leading player in the East African insurance market, has launched an ambitious campaign dubbed “There’s living, and there is living free,” aiming to close the gap between complex insurance concepts and the everyday needs of customers across Kenya and the broader East African community. The initiative is set to run throughout the […]

In a strategic move poised to address Kenya’s pressing housing deficit, Shelter Afrique Development Bank (ShafDB), a leading Pan-African institution focused on financing housing, urban, and related infrastructure development, has signed a Memorandum of Understanding (MOU) with CPF Group. This agreement, which represents a significant milestone in the ongoing efforts to provide affordable housing across […]