In a groundbreaking development, Apollo Agriculture has successfully secured a substantial $10 million investment from Swedfund International and ImpactConnect, facilitated by DEG. This noteworthy financial infusion propels the company into a robust position to further its rapid expansion in pursuit of the mission to enhance the livelihoods of small-scale farmers while promoting sustainable farming practices. […]

In a strategic move to support small businesses, the Kenyan Treasury has introduced the Kenya Credit Guarantee Scheme Company (KCGSC) in collaboration with financial institutions. The initiative, developed in partnership with commercial banks, aims to de-risk lending to small businesses, particularly those emerging from the Hustler Fund. The Kenya Credit Guarantee Scheme Company (KCGSC) represents […]

In a recent report, the International Energy Agency (IEA) has cautioned that Kenya’s revised policy on procuring electricity from independent power producers (IPPs) specializing in renewable sources hinders new investments and impedes efforts to address the nation’s energy access deficit. The policy change, which saw the approval of the Renewable Energy Auction Policy (Reap) by […]

In a notable financial achievement, the Central Bank of Kenya (CBK) has surpassed expectations by collecting KSh 11.76 billion in its second January Treasury Bonds tap sale, despite seeking KSh 15 billion. The bank floated both three-year and five-year treasury bonds during this auction, reflecting a strategic move to diversify its portfolio. This recent foray […]