Introduction In a significant move to enhance financial convenience and global spending capabilities, KCB Bank Kenya, in collaboration with Mastercard, has introduced Kenya’s first multi-currency prepaid card. This innovative payment solution is designed to streamline international transactions, allowing individuals and businesses to conduct seamless payments across multiple currencies and global destinations. The launch of this […]

Kenyan coffeehouse chain Java House is set for yet another change of ownership as Actis, a UK-based private equity (PE) firm, exits the company. The new owners, Alterra Capital and Phatisa Group, will acquire majority and minority stakes, respectively, with control rights, marking Java House’s fourth ownership transition in 12 years. This move underscores the […]

In a major development for Kenya’s economic outlook, Moody’s Investors Service has upgraded the country’s sovereign credit rating to “positive” from “negative,” citing an easing of liquidity risks and potential improvements in debt affordability. The announcement, made on January 25, 2025, comes seven months after the agency had downgraded Kenya’s rating, a move that had […]

Foreign investors withdrew a staggering Sh16 billion from Kenya’s capital markets in the last quarter of 2024, driven by political tensions that overshadowed the country’s otherwise stable economic performance. This development, revealed in the Capital Markets Authority (CMA) quarterly Capital Markets Soundness Report, highlights the challenges facing Kenya’s investment climate despite economic growth and currency […]