New Funding Wave Targets High ESG Footprint SMEs as Awareness Grows
A growing understanding among Small and Medium Enterprises (SMEs) that best environmental, social and governance (ESG) practices are good for business is fuelling the uptake of impact funding with loans [...]
Bolt Kenya Awards 10 Drivers KShs 288k Each in €20,000 Accelerator Program
The Kenyan edition of the Bolt accelerator program came to an end today after the ride-hailing company awarded 10 drivers with about KSh 288,000 (€2,000) each in a ceremony at [...]Payments Processor PayRetailers Expands into Kenya, Nigeria, Six Other Countries
PayRetailers, the Latin America-based payment processor, has expanded into Kenya and seven other markets in the region, bringing its total presence on the continent to 12 countries. Expanding into eight [...]Kenya Seeks Germany's Commitment on Increased Financing for World Bank Fund
Kenya will seek Germany's commitment on increasing its financing to support Africa's ambition to meet its climate and development goals, President William Ruto's press office said in a statement on [...]
Sacco Membership Grows to 6.84mn Despite 2 Deregistrations
The membership of regulated saccos increased last year to 6.84 million from 6.42 million members reported in 2022, despite a drop in the number of regulated saccos during the period. [...]Longhorn Publishers Posts KSh 237.9mn Loss
Longhorn Publishers posted a loss after tax amounting to KSh237.9 million in the full year 2024, a 58.4 percent reduction from a KSh571.3 million loss recorded in the same period [...]Nigerian Fintech Rise Finalizes Acquisition of Kenyan Startup Hisa
Rise, a Nigerian global investments startup, has completed its second acquisition in under one year after taking over Hisa, a Kenyan startup that facilitates stock trading. This acquisition aligns perfectly [...]NSE Listed Firms to Issue Events’ Calendar in New CMA Rules
Companies listed at the Nairobi Securities Exchange (NSE) will now be required to develop and submit a forward-looking and tentative calendar of corporate announcements. The information should be publicly available [...]LIVE BLOG: 54 Collective is Hosting Its Second Live African Pre-Seed Podcast in Nairobi
54 Collective, formerly Founders Factory Africa, is hosting its second live African Pre-Seed Podcast at the Capital Club East Africa, Nairobi to unpack the topic Behind the Scenes of Capital [...]Investor Joel Kibe Petitions CMA to Take Action Against Old Mutual Holdings
An investor is seeking action against Old Mutual Holdings (formerly UAP Holdings) over allegations of minority shareholders mistreatment among other issues raised to the Capital Markets Authority (CMA) in an [...]Stanbic Bank Enters Asset Management with Money Market Fund
Stanbic Bank Kenya has entered asset management through its newly established Insurance and Asset Management Unit, with plans to introduce more investment products. “To drive growth, we must mobilise domestic [...]Money Market Funds Dominate as Unit Trusts' Assets Cross Ksh 250bn
The value of combined assets of all Collective Investment Schemes (CIS), such as Money Market Funds and fixed income funds, operating in Kenya has crossed the 250 billion mark for [...]
