Zeno Lands US$25mn to Expand Battery-Swap Network in Kenya, Uganda
Electric mobility startup, Zeno, has raised US$25 million in Series A financing to accelerate production of its battery-swap electric motorbikes and expand charging infrastructure across East Africa.
Rockefeller Foundation Commits US$ 10Mn to Expand Electricity Access in Africa
The Rockefeller Foundation has pledged US$ 10 million to support efforts to expand electricity access in Africa under the Mission 300 initiative led by the World Bank and African Development Bank, which aims to connect 300 million people to power by 2030.NSE Raises Futures Margins as Derivatives Trading Hits Record KSh 140.9Mn
Trading on the Nairobi Securities Exchange derivatives market surged to a record KSh 140.9Mn in February 2026 from 40,250 contracts, the highest monthly activity since the NSE NEXT platform launched in 2019. The exchange has also revised initial margin requirements across several equity and index futures, raising collateral levels for major banking and large-cap contracts as participation in the derivatives market increases.
High Energy Costs Drive Shift to Renewables in Tea Sector
The AfDB, through its Sustainable Energy Fund for Africa, has launched a technical study to identify clean energy solutions for factories managed by the Kenya Tea Development Agency (KTDA)Stima Sacco Closes in on Mwalimu Sacco as Asset Base Crosses KSh 75Bn
Stima DT Sacco reported FY2025 results with assets rising to KSh 75.38 Bn, placing the cooperative just behind sector leader Mwalimu National Sacco at KSh 76.3 Bn.Kenya Scales Back ICT Budget by 25% as Fiscal Constraints Bite
Rural communities in Kenya are set to face slower digital access after the government cut funding for its Information, Communication Technology and Digital Economy initiatives by 25%AfDB Unveils Aviation Financing Program at Nairobi Conference
AfDB is advancing the Integrated Aviation Transformation Program (IATP), a continent-wide platform designed to modernise the aviation ecosystem.
Treasury Bill Auction Hits Record KSh 100Bn Demand
Kenya’s domestic debt market is seeing strong investor demand as liquidity flows into government securities. The latest Treasury bill auction drew KSh100.43 billion in bids against a KSh24 billion offer, the highest demand in recent records. Interest in government paper has also remained strong in the bond market, where FY2025/26 auctions to mid-February attracted KSh1.38 trillion in bids against KSh540 billion offered, highlighting sustained institutional appetite for Treasury securities.ALP Industrial REIT Raises US$29.55Mn in Kenya’s First Logistics Property Listing
ALP Industrial REIT raised US$29.55 Mn (KSh 3.82 Bn) after investors subscribed 98.5% of a US$30 Mn restricted offer, positioning Kenya’s first logistics-focused REIT for listing on the Nairobi Securities Exchange on March 11, 2026. The offer attracted institutional backing, including a US$5 Mn commitment from InfraCo Africa for a pipeline asset, lifting total participation linked to the transaction to 115.17% of the offer size.Kenya Pipeline IPO Clears as Retail, Oil Marketers, and Foreign Demand Falls Short
Kenya Pipeline Company’s KSh106.3Bn IPO closed oversubscribed but the final allocation showed strong institutional dominance. Kenyan institutions and East African investors absorbed most of the shares, while retail investors, oil marketing companies and foreign investors missed their quotas. The offer attracted about 70,000 retail investors against a target of two million. Uganda, through the Uganda National Oil Company, and Kenya’s NSSF emerged as key anchor investors in the transaction.Indonesian Investor Pulls Out of Suswa Geothermal Project
Indonesia’s state-linked energy company, Pertamina, through its geothermal subsidiary PGEO, has withdrawn from the planned development of the Suswa geothermal field,Kenya Revives JKIA Modernization Plans to Stay Ahead of Addis Ababa
A modernized JKIA could provide Kenya Airways and its partners with improved infrastructure to densify routes, reduce turnaround times, and attract additional transit traffic. Without comparable investment, Kenya risks ceding further ground to Addis Ababa as the region’s primary intercontinental gateway.
