Nairobi, Kenya – The National Assembly has approved the historic privatization of Kenya Pipeline Company (KPC), greenlighting the government’s plan to divest a 51% stake in the strategic national asset through a combination of Nairobi Securities Exchange (NSE) listing and strategic investor placement. The KSh 100 billion transaction represents Kenya’s largest privatization since the 2006 Safaricom…
By Antonio Obwaya Nairobi, Kenya — In Africa’s fast-changing digital economy, true innovation isn’t just about flashy apps or billion-dollar start-ups. It’s being driven by organizations like AfricaNenda Foundation — quietly rewiring the continent’s financial backbone to make real-time payments accessible to everyone.” With over 400 million Africans still financially excluded, especially women, youth, and…
Kenya’s residential real estate sector is experiencing its most dramatic transformation in a decade, with prices in prime Nairobi neighborhoods now rivaling African capitals like Lagos and Cairo. But this boom reveals a tale of two markets – one fueled by genuine demand and another by speculative frenzy. Drawing on exclusive data from the Kenya…
Monday 27th – Nairobi Kenya Dar es Salaam, Tanzania – In a landmark initiative to bridge Africa’s electricity gap, the World Bank and the African Development Bank (AfDB) have pledged a combined $40 billion to expand access to electricity across the continent. The commitment, unveiled at the Mission 300 Africa Energy Summit in Dar es…
Kenya’s Capital Markets Authority (CMA) has approved six new unit trust funds, underscoring its efforts to expand the diversity of investment opportunities in the country. This move is part of a broader strategy to deepen capital markets and encourage greater public participation in financial investments. Overview The newly approved funds include offerings from several prominent…
