Kenya Mulls Debt Swap Ahead of $2 Billion Eurobond Debt Deadline
Kenya's Government is said to be in talks with interested parties that will see Nairobi strike a deal that will allow it to channel funds into social projects. With the [...]
IMF Approves US$684.7 million to Kenya
The International Monetary Fund (IMF) has approved immediate disbursement of US$684.7 million to the Kenyan government. “Kenya’s performance under the ECF/EFF arrangements have been mixed with adherence to quantitative targets [...]
Kenya and EU Sign New Ambitious Trade Deal
Kenya and the European Union (EU) have signed an Economic Partnership Agreement (EPA) to boost bilateral trade in goods, increase investment flows, and contribute to sustainable economic growth. The EU [...]Flutterwave Secures 13 New U.S. Money Transmission Licenses
Flutterwave, a leading payments technology company in Africa, has announced it has successfully obtained money transfer licenses for 13 U.S. states. The company says this move aims to facilitate faster, [...]
India Exim Bank to Set Up in Kenya
India Exim Bank has been given the green light by the Government of Kenya to locate its East Africa representative office in Nairobi. Exim Bank has previously provided Kenya with [...]Dangote's $20B Oil Refinery Set to Launch Operations
Aliko Dangote's $20 billion oil refinery with a daily capacity of 650,000 barrels, is set to commence operations in December. Dangote, Africa's richest man, shared that the refinery, situated on [...]Kenya to Receive US$682.3M from IMF in Jan 2024
Kenya will access US$ 682.3 million in financing from the International Monetary Fund (IMF) in January 2024. “The agreement is subject to IMF management approval and consideration by the Executive [...]Kenya Prepares Return to International Capital Markets
Kenya's National Treasury has appointed Citi and Standard Bank as joint lead managers to assess potential international US$ capital markets funding and liability management options for Kenya. In the absence [...]Manufacturers Raise VAT Refunds, Dollar Shortage, With IMF Team
The Kenya Association of Manufacturers (KAM) has raised the issue of delays in Value Added Tax(VAT) refunds with a visiting team from the International Monetary Fund (IMF). KAM raised concerns [...]SMEP Microfinance Sells 51% Stake to US Organization
The Central Bank of Kenya (CBK) has announced the acquisition of 51 percent of the shareholding of SMEP Microfinance Bank PLC (SMEP MFB) by HOPE Advancement Inc. (HOPE). Prior to [...]Interview with Mac Conwell, Founder and Managing Partner, Rarebreed Ventures
Founded in 2020, Rarebreed Ventures is a Pre-seed to Seed venture fund consistently on the hunt for rare breed entrepreneurs. This pre-seed fund invests in exceptional founders primarily outside of [...]IMF Seeks Replacement as Dr. Nancy Onyango Prepares to Exit
In mid-2023, Dr Onyango was shortlisted to replace Dr Patrick Njoroge as Central Bank of Kenya Governor.
