Sanlam Kenya Launches KSh 2.5 Billion Rights Issue to Fund Expansion, Repay Stanbic Loan
Listed financial services provider Sanlam Kenya Plc has announced a KSh 2.5 billion Rights Issue to strengthen its balance sheet, following a year of robust financial recovery. The capital raise comes as [...]
National Oil Companies Across Africa are Exploring New Financing Models
In March, the National Oil Corporation of Kenya (NOC) signed a non-equity investment partnership with Rubis energy, joining a growing list of state-owned oil companies on the continent in exploring [...]
CDSC's Digitisation of Share Records Hits 79%
In just 18 months, Kenya has leapfrogged into the digital finance era, immobilizing 79% of all shares (81.2 billion) through CDSC's depository system a 57% surge since 2024. While giants like Safaricom and KenGen lead with 60% and 99% digital adoption respectively, stubborn paper trails remain (TotalEnergies: 89% physical). This silent revolution now delivers 48-hour dividends, fraud-proof trading, and positions Nairobi as Africa's next-gen financial hub, with CDSC racing to convert the final 21.4 billion paper shares.Regulatory Delays, Price Volatility Hamper Tullow Oil's Investments in Kenya
Tullow Oil is facing uncertainty in the progress and investments of its Kenyan oil project due to a prolonged regulatory approval process after the withdrawal of its joint venture partners, [...]
IFC to Lend Airtel Kenya KSh 9bn for Network Expansion
The International Finance Corporation (IFC) will provide a KSh 9.054 billion (US$70 million) loan to Airtel Kenya, as part of a broader US$100 million financing package for Airtel Africa’s East [...]Ethiopia Issues First Investment Bank, Securities Dealer Licenses
Ethiopia's capital markets regulator has licensed the first two investment banks-CBE Capital S.C. and Wegagen Capital S.C.-,as well as three other licenses as part of the country's ongoing financial reforms. [...]Kenyan Startup, Leta, Raises US$5 Million to Tackle Africa’s Costly Logistics
Kenyan logistics technology startup—Leta—has secured US$5 million in seed funding to expand its platform aimed at reducing supply chain costs across Africa, a continent where businesses pay up to four [...]Equator VC Raises US$55mn to Finance African Climate Tech Startups
Venture capital firm—Equator—has closed a US$55 million fund aimed at financing early-stage climate tech startups in Africa, a sector that has long struggled to attract private capital. “We are needed [...]Kenya Ends Specially Discounted Power for Olkaria-Kedong SEZ
Kenya has revoked the special electricity tariff for industries operating in the Olkaria-Kedong Special Economic Zone (SEZ) in Naivasha, in a move that could dampen investment in one of the [...]Rise, Parent Company of Hisa, Secures U.S. Broker-Dealer License
Rise, Hisa’s parent company, has secured a U.S. broker-dealer license through its affiliate, Risevest Financial Securities Limited. “We've successfully acquired a U.S. broker-dealer license through our affiliate, Risevest Financial Securities [...]
Kenyan Smartphone Refurbishing Startup Badili Secures US$0.4mn French Investment
Badili, a Kenya-based smartphone refurbishment startup, has secured a US$400,000 debt facility from French development finance institution Proparco, marking a significant step in its expansion efforts across Africa. “Getting validation [...]US Aid Freeze, Pandemic Expose Vulnerability, Opportunities, in Africa's Healthcare Systems- VC Founder
The Covid-19 pandemic and the recent freeze on US aid have exposed the vulnerability of Africa’s healthcare systems but also created the momentum for locally made healthcare solutions, an early [...]
