First-Ever U.S.-Kenya Business Roadshow Kicks Off with $55 Million in Co-Investment Deals
The first-ever U.S.-Kenya Business Roadshow was launched in New York City on Tuesday, where the Prosper Africa initiative and the U.S. Embassy in Kenya gathered leading businesses, investors, and Kenyan [...]
Kenya launches international roadshow to attract US investors
The Kenyan government will on Tuesday 25th April launch an international roadshow in New York, aimed at attracting US investors to invest in Kenya. The roadshow is led by Moses [...]Safaricom Increases 5G Coverage to 21 Counties
Safaricom Plc has announced the expansion of its 5G coverage to 28 towns in 21 counties in Kenya. This development enables its customers in these areas to access superfast internet [...]
World Bank approves $390m financing for Kenya's digital economy
The World Bank Group Board of Directors has granted approval for a first-phase financing of $390 million to the Kenya Digital Economy Acceleration Project. This project will focus on expanding [...]City Hall Revenue Rise by 17% to KES 4.5 Billion in Q3 2023
City Hall has recorded a significant increase of 17 per cent in its internally generated revenues, totalling KES 4.5 billion during the third quarter of the financial year ending June [...]Kenya Set to Launch its First Operational Satellite on April 10th
Kenya is set to launch its inaugural operational satellite on April 10th, a significant milestone in its space program. The launch of Taifa-1, also known as Nation-1, is planned using [...]Kurwitu Ventures Ltd Seeks to Exit from the NSE
Kurwitu Ventures Limited, a financial firm that adheres to Shariah principles, has submitted a request to withdraw from the Nairobi Securities Exchange (NSE) following almost a decade of inactivity in [...]Safaricom Reduces Wi-Fi Prices by 40%
Safaricom has reduced the prices of their fourth-generation (4G) Wi-Fi routers of the Adrian and Huawei series by up to 40 per cent, aiming to increase the adoption of their [...]President William Ruto Announces the Removal of VAT on Exported Services
President William Ruto has announced the removal of Value Added Tax (VAT) on exported services starting July 1, 2023. According to the president, this would enhance Kenya's appeal as a [...]Kenya Signs KES 50 Billion Deal with European Commission to Build Electric Bus Rapid Lane
Kenya and the European Commission have signed a KES 50 billion (EUR 347.6 million) financing agreement to construct the first dedicated electric bus rapid lane in East Africa. The agreement [...]Kenya's new Privatization Bill set to ease sale of state-owned corporations
The Kenyan Cabinet has approved the Privatization Bill 2023, a state-sponsored bill that seeks to sell Govt-owned entities to the private sector without Parliamentary approval. The cabinet approval means the [...]Somalia to Qualify for Full Debt Relief by the End of 2023-IMF
The International Monetary Fund (IMF) has stated that Somalia will qualify for complete debt relief by the end of this year. This is due to the progress made in implementing [...]
