Mawingu Raises US$20mn to Drive East Africa Expansion
Mawingu Networks, a Kenyan internet service provider targeting underserved communities, has secured US$20 million in Series C funding to accelerate its network rollout and regional growth. “Raising capital in today’s [...]
Raxio Group Launches Angola's Largest Data Center
Data center operator Raxio Group has opened a US$30 million, 19,000 square meter, 3MW facility that can host over 800 server racks in Angola. “Raxio Angola represents a leap forward [...]
MPs Approve Kenya Pipeline's KSh 100bn Privatization
The National Assembly has approved the long‑anticipated privatization of Kenya Pipeline Company (KPC), setting in motion what could be the largest initial public offering in Nairobi in more than two [...]
Power Blackouts Have Declined By 7% but System Losses Remain Stubborn
Kenya recorded fewer and shorter power blackouts in the financial year ended June 2025, but the reliability of its electricity grid remains well below both national and regional standards. Even [...]Africa Finance Corporation Raises US$ 1.5bn in Debt
Infrastructure solutions provider Africa Finance Corporation (AFC), has closed a US$1.5bn syndicated loan, its largest-ever debt facility. “This landmark transaction reinforces AFC’s standing as a trusted institution in the global [...]Shri Krishana Issues Profit Warning as Borrowing Costs Surge, H1 Net Profit Falls 70%.
The newest kid on the Nairobi Securities Exchange floor, Shri Krishana Overseas PLC, has reported weaker half-year earnings for the six months ended June 2025 and issued a profit warning, [...]NSE Secondary Bond Market Crosses Record KSh 2 Trillion in Turnover
The Nairobi Securities Exchange (NSE) secondary bond market crossed the KSh 2 trillion turnover mark as of September 24, 2025, setting another milestone in Kenya's fixed-income trading. A look at [...]Umeme Shares Crash 71% From July Dividend Peak, USE Listing Holds Flat
Shares of Uganda’s ex-power distributor, Umeme Limited, have plunged 71% on the Nairobi Securities Exchange (NSE), closing at KSh 6.94 on Tuesday, September 23, from a peak of KSh 23.70 [...]Warren Buffet's Berkshire Exits Chinese EV Maker BYD, Turning $230M Bet Into US$ 9Bn Gain
Berkshire Hathaway has sold its remaining stake in Chinese EV and battery maker BYD, closing a 17-year investment that started with a $230 million bet in 2008. For real time [...]Etica Capital's Multi-Asset Fund, Acorn Build-to-Rent REIT, Get CMA Approval
The Capital Markets Authority (CMA) has granted four new licenses to broaden intermediaries in Kenya’s capital markets, coming a day after earlier approvals. CMA also approved Etica Capital Limited to [...]French Fund Backs Kenya’s ARC Ride in US$10mn Bet on Electric Bodas
Sustainable investment firm, Mirova, has committed up to US$10 million five-year debt funding to ARC Ride, a Nairobi-based electric mobility startup, marking the French asset manager’s first electric vehicle deal [...]How to Buy Property in Kenya as a Foreigner or Diaspora Investor
Buying property in Kenya as a foreigner or diaspora investor is not only possible, but also a smart way to tap into one of Africa’s fastest-growing markets. With the economy [...]
