Kenya Declares Olkaria a Special Economic Zone to Boost Clean Energy Investments
Olkaria, a geothermal power hotspot near Naivasha, will become Kenya's 16th Special Economic Zone (SEZ), positioning it as a regional hub for industrialization driven by renewable energy. “Olkaria’s abundant geothermal [...]
European Investment Bank Invests US$ 75mn in Helios
The European Investment Bank (EIB) has announced a $75 million investment in Helios Investors V, L.P. (Helios Fund V). We look forward to supporting them as they invest in market-leading, [...]
54 Collective to Shut Venture Studio, Cut Jobs after MasterCard Foundation Exit
The Africa Founders Ventures (AFV) — which operates as 54 Collective, is set to wind down its venture studio operations, likely resulting in widespread layoffs. Since its inception, the firm’s [...]Ugandan Legislators Query US$ 190 million Umeme Buyout Loan
Members of the Committee of National Economy have questioned the Ugandan government’s ‘last minute’ request for a US$190 million loan to finance the Umeme buyout. In 2022, the Ugandan government said [...]Fund Managers, CAIA Associations Sign Strategic Partnership
The Fund Managers Association (FMA) Kenya and the Chartered Alternative Investment Analyst (CAIA) Association have signed a partnership to enhance the professional development of employees of FMA member firms. This [...]Marriott Debuts The Ritz-Carlton in Kenya as it Expands Safari Portfolio
Marriott International is set to open two luxury safari camps in Kenya in 2025 and early 2026, including a debut The Ritz-Carlton safari property. “The growth of our luxury safari [...]Diaspora Shifts Investment from Land to Cash Flow Generating Real Estate
While buying land ‘back home’ has always been a top priority for many Africans in the diaspora, trends are beginning to shift away from idle land toward cash-flow generating assets [...]
Listed Banks' Market Cap Soars 311% Since 2006
Between 2006 and 2024, the banking sector's market cap on the Nairobi bourse grew by 311.5%, as listed lenders outpaced their unlisted peers. Kenya’s 11 listed banks have outperformed their [...]
Kenya, South Africa Led Continent in Private Capital Investments in 2024
South Africa and Kenya remained leading destinations for private capital flows in Africa, recording 84 and 83 transactions respectively in 2024, the Africa Capital in 2025 Report by Stears reveals. [...]Meta to Build US$10bn Undersea Cable Longer than the Earth's Circumference'
Tech giant Meta is set to to build the longest 24 fibre pair cable project in the world' reaching five continents and spanning over 50, 000km in a bid to [...]Kenya Closes KSh 50bn Debut Domestic Bond Buyback
The debut domestic bond buyback by the Central Bank of Kenya (CBK) has met its target, buying back bonds worth KSh 50.09 billion against a targeted KSh 50 billion. This [...]Africa Finance Corporation Raises US$400mn in Oversubscribed Islamic Facility
Infrastructure solutions provider Africa Finance Corporation (AFC) has raised US$400mn Murabaha Islamic financing facility from 11 institutions. “Islamic finance plays a growing role in our funding strategy, helping us tap [...]
