Category: Economy&Finance
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File image of Energy PS Alex Wachira The government, with support from development partners, has embarked on plans to construct the 700-megawatt High Grand Falls Dam in Eastern Kenya. The project, estimated at Ksh 340 billion, will be Africa’s fourth-largest hydro dam once completed. Energy Principal Secretary Alex Wachira said the dam is expected to…
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A group of investors drawn from the United Kingdom have inked a deal to build 80,000 houses under President Kenyatta’s affordable housing project. The deal to develop the new housing units was sealed during the inaugural UK-Africa Investment Summit held in London last week, according to Housing Principal Secretary Charles Hinga. “During the UK tour,…
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Nigeria tycoon Herbert Wigwe has acquired majority shares in Kenyan lender, Transnational Bank. Wigwe bought a 97 percent stake in Transnational Bank, which was previously held by close associates of former President Daniel Arap Moi, who passed away early this year. 53-year-old Wigwe, who is the founder and head of Access Bank—the largest bank in…
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President William Ruto’s son George Ruto has been making waves in Nairobi’s matatu industry with his strategic investments and growing influence. Recently, George acquired a competing matatu for Sh8.7 million, a move that has attracted considerable attention within the sector. This purchase came after George successfully persuaded the vehicle’s owner of the potential impact it…
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Applications are now officially open for the Echoing Green Fellowship 2026, a unique global opportunity designed for bold, visionary leaders who are tackling some of the most pressing challenges of our time. For more than three decades, Echoing Green has been at the forefront of identifying and supporting innovative changemakers whose ideas have the potential…
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M-KOPA is one of Africa’s fastest-growing fintech companies, transforming lives through digital financial services and innovative asset financing. With a mission to make essential products and services accessible to millions of customers, M-KOPA has become a leader in leveraging technology to expand financial inclusion. The company provides customers with access to solar energy, smartphones, health…
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Mazi Mobility is a pioneering company transforming the way people move by driving sustainable solutions in the mobility and renewable energy sector. With a strong focus on clean energy, innovation, and accessible infrastructure, we are dedicated to shaping the future of urban transportation in Kenya and beyond. As a growing company with a passionate team…
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In today’s rapidly evolving financial sector, technology is at the heart of service delivery. Banks and financial institutions are increasingly investing in robust digital platforms to streamline operations, improve efficiency, and deliver seamless services to customers. Core Banking Systems (CBS) play a central role in this transformation, serving as the foundation for everyday transactions, customer…
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SunCulture has been at the forefront of transforming smallholder farming through innovative and sustainable technology. Since its founding in 2012, the company has committed itself to building solutions that empower farming households to take control of their environment in sustainable and rewarding ways. Today, SunCulture stands as the largest distributor of solar-powered water pumps and…
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The financial services sector continues to evolve rapidly, and institutions are placing a stronger emphasis on providing holistic solutions to their customers. One of the most significant growth areas in banking today is the integration of insurance products into traditional banking services through Bancassurance. This innovative approach ensures customers have access to tailored financial solutions…