KCB, Afreximbank Pump KSh 103bn into Vipingo SEZ
KCB Group and African Export-Import Bank (Afreximbank) have pumped a combined Ksh 103 billion (approximately US$800...
All is not lost: How Kenya can become the Singapore of Africa
Kenya has the potential to become the leading economic power in Africa, similar to Singapore’s famous...
Kenya Loses 400 Dollar Millionaires Amid Economic Pressures
Kenya’s population of dollar millionaires has shrunk, with 400 high-net-worth individuals (HNWIs) falling off the list...
Kenya Airways Plans to Raise $500 million For Fleet Expension
Kenya Airways has announced its intention to raise at least $500 million in additional capital by...
Etihad Airways to Triple Nairobi flights
Etihad Airways has announced a significant expansion of its flight schedule to Nairobi, Kenya, in a...
S&P Upgrades Kenya to ‘B’ On Reduced Near-Term External Liquidity Risks
S&P Global Ratings, an international ratings agency, has raised Kenya’s long-term sovereign credit rating to ‘B’...
Family Bank Post 39% Profit Growth in H1 2025
Family Bank, one of Kenya's most prominent mid-tier lenders, has announced a robust performance for the...
Kenya Negotiates with China to Convert SGR Loan from Dollars to Yuan
Kenya is in discussions with China to convert its dollar-denominated railway loan into Chinese yuan, an...
I&M Group H1 2025 Profit Jumps 36%
I&M Group has posted a 36% increase in profit after tax to KES 8.31 billion in...
Bolt Launches Dash Cams for Kenyan Driver Partners
Bolt has unveiled an in-app dash cam feature for its driver partners in Kenya in partnership...
Tanzania and Burundi Break Ground on Major $2.15B Rail Project
Tanzania and Burundi have launched the construction of $2.15 billion modern standard gauge railway (SGR) connecting...
Uganda Eyes Export Boom with Launch of First Large-Scale Gold Mine
Uganda has officially launched its first large-scale gold mine, a $250 million project owned by a...
South Africa’s FirstRand Weighs Entry Into Kenya’s Banking Sector
South Africa’s largest lender by market capitalization, FirstRand Group, is weighing an expansion into the Kenyan...
Toyota Plans to Enter SA’s EV Market with Three Electric Models in 2026
Toyota is set to enter South Africa’s expanding electric vehicle (EV) market by introducing three fully-electric...
Treasury Drops KSh 468bn Nairobi-Mombasa Expressway: What’s Next?
The Public-Private Partnership (PPP) Committee, under the National Treasury, has rejected Nairobi-Mombasa Expressway proposal over failure...
Equity Group Reports Strong H1 Growth with 17% Profit Surge
Equity Group Holdings has posted a 17% rise in profit after tax to Sh 34.6 billion...
Africa’s AI market Set to Hit $16.5 Billion, Mastercard
Africa’s artificial intelligence (AI) market is set for rapid expansion, with a new report by Mastercard...
AfDB to lead Efforts to Mobilize $7.8 Billion for Ethiopia’s Mega Airport Project
The African Development Bank (AfDB) Group has announced that it will lead efforts to secure $7.8...
Isuzu Kenya to Build Ksh3 Billion Parts Distribution Centre in Lukenya
Isuzu East Africa has begun the construction of a new spare parts distribution center in Lukenya,...
ADvTECH acquires Nairobi’s Regis Runda Academy for Sh 1.2 Billion
Africa’s top private education provider, ADvTECH Group, has acquired Regis Runda Academy for Ksh1.23 billion (approximately...
The Gambling Epidemic: How Kenya is Bleeding Trillions, Time to Act
Kenya's economy could be much larger than its current size. One of the factors that has...
Dangote Lands $4 Billion Refinancing Deal to Strengthen Conglomerate
Dangote Industries Limited (DIL), a Nigerian multinational conglomerate founded by Africa’s richest man, Aliko Dangote, has...
Google Backs African AI with $37 Million Funding
Google has announced a cumulative $37 million investment to support the advancement of artificial intelligence (AI)...
China to Lift Tariffs on Nearly All African Imports
China plans to drop all tariffs on imports from 53 African states with which it has...
Uganda Lawmakers Approves $568 Million Loan Amid Rising Debt Concern
Uganda is set to secure a total of US$568 million loan from three financial institutions, including...
Congo Aims to Secure US Critical Minerals Deal by June
The Democratic Republic of Congo (DRC) is working to finalize a significant minerals deal with the...
WFP warns of Food Aid Cuts for Refugees in Kenya as Funding Dries Up
The United Nations World Food Programme (WFP) on Thursday issued a warning that thousands of refugees...
French Canal+ gets South African approval to acquire MultiChoice
South Africa’s Competition Commission has recommended conditional approval for the proposed acquisition of MultiChoice by French...
Trump’s Proposed 5% Remittance Tax Could Shake Kenya’s Forex Reserves
A new bill in the United States, titled “The One Big Beautiful Bill,” seeks to introduce...
Kenya Secures New US$1.5 Billion Eurobond Deal
Kenya has successfully secured a new Eurobond in a deal arranged by Citi and Standard Bank...
Govt Seeks Ksh 72B Chinese Funding for Major Highway Construction
Treasury Cabinet Secretary John Mbadi has revealed that the Kenyan government is actively seeking a Ksh...
Airtel Africa, Ogilvy Africa Part Ways After 15 Years
WPP Scangroup, the listed marketing services firm, has confirmed the end of the partnership between its...
Dangote-Backed Firm Takes Over Kenya’s Oldest Tour Operator, Eyeing Tourism Boom
Africa Travel Investments, a tourism investment firm supported by Nigerian billionaire Aliko Dangote, has acquired Kenya’s...
Afreximbank Unveils US$ 1 Billion Africa Film Fund
Africa Export-Import Bank (Afreximbank) has unveiled a US$1 billion African Film Fund through its development impact...
Gates Foundation, other Philanthropies Launch $500M Maternal, Newborn Health Fund in Africa
The Gates Foundation, along with a team of other philanthropies, has launched a $500 million initiative...
