How Kenya Can Navigate Economic Shocks from the Middle East War
Kenya’s current “wait and hope” approach is not economically or politically feasible. Calm and calculated decisions have to be taken to avoid a deeper crisis.
Afreximbank Raises US$ 2bn in Oversubscribed Three-Year Loan
The African Export-Import Bank (Afreximbank) has concluded a new three-year Dual Tranche Syndicated Term Loan Facility totaling US$2 billion equivalent.
Fincra Secures Canadian PSP License, Enhancing Africa Canada Payment Infrastructure
Fincra has secured Payment Service Provider (PSP) license in Canada, marking an important step in Fincra’s mission to build compliant, reliable payment infrastructure
How the World Is Handling the Worst Energy Crisis in Decades
Across the world, economies are staring at multifold crises triggered by the latest, ongoing conflict pitting Israel and the United States against Iran.
BBB- to Default: S&P and Fitch Rate Five African Nations
S&P Global Ratings downgraded Senegal's local currency sovereign rating four notches to CCC+ on March 27, 2026, citing gross financing needs of 26% of GDP, a suspended IMF program, and government debt estimated at 131% of GDP. In the same 48-hour window, S&P affirmed Morocco at investment-grade BBB- and Ghana at B-, while Fitch affirmed Tanzania at B+ Stable. Mozambique's selective default local currency rating was also affirmed alongside a CCC+ foreign currency rating with Negative outlook. The five actions were shaped by the Middle East war, IMF program access, and commodity exposure.
Kenya Could Unlock Over US$700m from Waste Sector as New Circular Economy Investment Prospectus Highlights Investable Pipeline
The Kenya Investment Authority (Invest Kenya) has launched Waste Management and Circular Economy: Investment Pathways and Opportunities in Kenya, a new investment prospectus aimed at unlocking investment in Kenya’s waste management and circular economy sectorsToyota Land Cruiser LC300 Recall Hits COMESA Markets
The COMESA Competition and Consumer Commission has issued an urgent regional alert following a significant safety recall of Toyota Land Cruiser LC300 models.
Kenya Lures Private Capital With 50 Public-Private Projects At KIICO 2026
The government urged the private sector to seize these opportunities as they were embedded in sectors where markets are expanding, competitiveness is strengthening, and scale can be achieved.President Ruto Pitches Tax Breaks, Reforms as Kenya Targets US$2.5bn in New Investments
During his keynote address at the 2026 Kenya International Investment Conference (KIICO), President William Ruto delivered a blunt message to foreign investors: the country’s new investment strategy will rely less on promises and more on tax incentives, regulatory reforms, and faster approvals.Kenya Weighs Funding to Evacuate Citizens Stranded in War Zones
Kenya is scrambling to fund evacuations from the war-hit regions even though the latest supplementary budget, drafted before the Middle East conflict, shows only modest increasesNSE Loses KSh 96Bn in 7th Biggest Daily Drop Since 2008
The Nairobi Securities Exchange recorded its 7th largest single-day loss since 2008 on March 23, 2026, with KSh 96.02Bn in market value wiped out. Safaricom alone shed KSh 54Bn, accounting for over half the decline. The selloff, driven by the Iran war and Strait of Hormuz closure, hit a market that had rallied from KSh 2.94Tn to above KSh 3.5Tn on domestic capital alone, with foreign investors net sellers throughout. The launch of Ziidi Trader in February amplified retail participation but left the market exposed when institutional holders distributed into the rally. Market cap fell to KSh 3.38Tn but remains up 14.69% YTD.Makini, Crawford Schools Owner Posts Record KSh 15Bn Profit in 2025, Doubles Down on Kenya Expansion
Makini Schools and Crawford International owner Advtech posted record FY2025 results. Operating profit crossed R2 Bn (KSh 15.39 Bn) for the first time, up 13.8%. The Education division drove growth with 12.9% revenue increase to R7.87 Bn (KSh 59.39 Bn). In Kenya, Regis Runda Academy was acquired for KSh 1.29 Bn and rebranded as Makini School Runda with enrolments up 17% post-acquisition. Free operating cash flow before capex surged 24.7% to R1.89 Bn (KSh 14.28 Bn).
