AfDB Invests US $30mn in Africa Finance Corporation for Green Share
The African Development Bank (AfDB) has approved $30 million equity investment in the Africa Finance Corporation (AFC) for the rollout of green shares. “Their $30 million commitment highlights the critical [...]
CS Aden Duale Revokes Ngong Forest Developer's Licenses
Environment Cabinet Secretary Aden Duale has ordered The National Environment Management Authority (NEMA) to quash the license of a private developer setting up a golf range and restaurant within the [...]
Top Real Estate Investment Locations in Kenya for 2025
Kenya’s real estate investment market has consistently demonstrated its potential, driven by rapid urbanization, infrastructural developments, and a steadily growing middle class. The potential in Kenya transforms property hotspots, with [...]
How to Start an Investment Portfolio in Kenya for 2025: A Guide
Building an investment portfolio is an essential step toward financial freedom, and for many Kenyans, 2025 offers a prime opportunity to take that step. With the country’s growing economy, diversified [...]Sanlam Issues KSh 3.25bn Cash Call, Part to Settle Stanbic Loan
Sanlam Shareholders have approved Board of Directors’ request to recapitalise the insurer’s balance sheet through rights issue program. “For purposes of undertaking the rights issue, the company has at this [...]Kenyan Accelerator Catalyst Fund Selected for KSh 33mn Climate Initiative
Catalyst Fund, a Kenyan pre-seed accelerator, will receive over KSh 33 million as it joins four other African VCs in the 2025 phase of the Empowering Sustainable Entrepreneurship in Africa [...]High Interest Rates Drive Borrowers to SACCOs
Kenyan Saccos reaped from the high interest rates on loans by commercial banks to net more customers looking for cheaper loans. Notably, rural users showed a higher preference for traditional [...]T-Bill Rates Fall Below 12% Amid CBK Jumbo Rate Cuts
Yields on treasury bills (T-Bills) have declined sharply, falling below 12% for the first time since July 2023 after aggressive interest rate cuts by the Central Bank of Kenya (CBK). [...]Kenyans Avoid Chamas as Source of Financial Advice -FinAcess Survey
Kenyans are shifting away from informal, community-based sources such as chamas for financial advice, instead seeking advice from family/friends or self-consultation. “Group/Chama usage has almost disappeared in 2024, reflecting a [...]Investing in Agriculture in Africa Has an Information Problem
Agriculture employs the most people in Africa and contributes 30—40% of gross domestic product. Its apparent importance notwithstanding, the practice of and investments in agriculture in Africa suffer the most [...]
Makini Group of Schools' Owner ADvTECH Acquires Ethiopian School for $7.5mn
Makini School’s owner ADvTECH has concluded a $7.5 million agreement to acquire 100% interest in Ethiopia’s Flipper International School. “As Addis Ababa experiences rapid urbanization, the demand for high-quality education [...]Safaricom Enters the Money Market Fund Industry with Ziidi MMF
Telco giant Safaricom PLC has entered the money market fund after its subsidiary, Ziidi Money Market Fund, received a license from the Capital Markets Authority (CMA). According to Wycliffe Shamiah, [...]
