NAIROBI—Kenya is steering billions of dollars in international aid toward a single, urgent national goal: creating jobs. In a major shift, the government is retooling its long-standing partnership with the World Bank to ensure that a massive $5.96 billion portfolio of projects directly fuels employment and builds up the country’s industries. This move follows high-level…
A new landmark report has confirmed Kenya’s status as a leading economic hub in Africa. According to the inaugural COMESA Investment Report 2025, Kenya is among the top five countries attracting Foreign Direct Investment (FDI) within the 21-member Common Market for Eastern and Southern Africa (COMESA). This report, a joint publication by UN Trade and Development (UNCTAD) and the COMESA Regional…
Nairobi, Kenya – A great development for African agricultural commerce, Hygrotech East Africa has successfully completed a $2.3 million cross-border trade transaction for seed and fertilizer inputs using the Agridex blockchain platform. This landmark deal, involving multiple parties across Kenya, Uganda, and Tanzania, represents the largest agricultural commodity transaction ever settled on a blockchain platform in…
Nairobi, Kenya – Kenya’s property developers have unveiled a comprehensive blueprint for the future of the nation’s real estate sector, embracing technological innovation, sustainable development, and new investment models to navigate economic challenges and meet evolving market demands. The strategic vision, developed through collaboration between the Kenya Property Developers Association (KPDA), architectural firms, and financial institutions,…
Nairobi, Kenya – Kenya’s public debt stock decreased by KSh 41 billion in the first quarter of 2025, marking the first significant debt reduction in three years, driven primarily by the shilling’s sustained appreciation against major international currencies. According to the latest National Treasury report, the shilling’s 14% gain against the US dollar and 12% gain…
